News

November, 2024

• 6 November

  COMMENTARY: It’s Time to Stiffen Defenses Against Payment Fraud

  

  Recent headlines prove that payment fraud continues to pose an ever-growing threat to businesses of all sizes. As payment methods evolve, so do the sophisticated tactics employed by fraudsters, creating a payment-protection predicament for businesses. According to the Association for Financial Professionals, 80% of organizations were victimized by payment fraud in 2023, …
• 6 November

  Shift4’s ConnexPay Tie-in and other Digital Transactions News briefs from 11/6/24

  

  Processor Shift4 Payments Inc. said it will integrate payment-issuance technology from payments provider ConnexPay for online travel agencies operating in the United Kingdom and Europe. The Dow Jones Industrial Average gained 1,100 points in early trading Wednesday as at least five payments companies—including Visa Inc. and American Express Co.—reached all-time highs. The skyrocketing market …
• 5 November

  Strong Growth in Card Sales and Services Boost CPI’s Top Line

  

  Net sales for payment card producer CPI Card Group Inc. jumped 18% in the third quarter as card issuers boosted orders for credit, debit and prepaid cards and CPI’s services offerings. It was the second straight quarter of sales increases for Littleton, Colo.-based CPI following 7% decreases in the first …
• 5 November

  Eye on Digital Wallets: Ingenico Supports Crypto Acceptance Via Axium Terminals; Mastercard Launches Local Pay for Digital Wallet Providers

  

  The push to make cryptocurrency a mainstream payment option got a boost early Tuesday as terminal maker Ingenico announced it is partnering with cryptocurrency exchange Crypto.com to accept cryptocurrency through its Axium Android terminals. Merchants accepting cryptocurrency through the Ingenico terminals can settle transactions through their Ingenico merchant wallet in …
• 5 November

  Marqeta Revenue up 17% and other Digital Transactions News briefs from 11/5/24

  

  Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …
• 4 November

  FIS Restarts Its M&A Engine As It Looks to Its Worldpay Stake for a Payoff

  

  More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year. For now, …
• 4 November

  Eye on E-Commerce: USDA Approves Gopuff To Accept Online SNAP Payments; Affirm Launches In The U.K.

  

  Gopuff, the online food and beverage delivery platform from GoBrands Inc., is now accepting SNAP payments (Supplemental Nutrition Assistance Program) for online orders nationwide. The deal makes Gopuff the first online delivery platform provider to receive approval from the United States Department of Agriculture to accept SNAP payments. As part …
• 4 November

  Shopify Taps Coveo’s AI and other Digital Transactions News briefs from 11/4/24

  

  Artificial intelligence platform Coveo said it will provide AI commerce services to Shopify Inc. enterprise customers. NCR Atleos Corp. announced Rontec, a Shell and Esso BP station operator in the United Kingdom, has extended its agreement to use Atleos for ATM operations at 267 gas stations. The Access Group, a United Kingdom-based developer …
• 1 November

  Who Will Benefit Most Becomes the Latest Flash Point in the Battle Over the Illinois Interchange Law

  

  The latest controversy about the law, which passed in June, revolves around a study from the Electronic Payments Coalition that says the largest merchants stand to see millions of dollars in interchange relief from the law, while small merchants would receive minuscule savings by comparison. Released late Wednesday, the EPC …
• 1 November

  How Embedded Finance Programs Are Finding New Outlets

  

  Talk of embedded finance, the marrying of financial services with unrelated applications for businesses, threaded through the Money 20/20 conference this week in Las Vegas, as fintechs and financial institutions devise initiatives that extend beyond simple credit and debit card acceptance. Among the latest of these is Shopify Finance, a …