News

October, 2022

• 12 October

  COMMENTARY: For This Credit Union, The Hybrid Branch of the Future Is Already Here

  

  Faced with changing customer preferences and bolstered with new technologies and fresh perspectives, banks and credit unions are redefining the future of the branch in a digital-first world. The onset of the Covid-19 pandemic was a catalyst for advancing the digitally driven, contactless-capable, and hybrid branch. Now, more than two …
• 12 October

  Juniper’s $48 Billion in Online Fraud Forecast And Other Digital Transactions News briefs from 10/12/22

  

  A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …
• 11 October

  Toast Introduces an All-in-One POS App to Let Restaurants Manage Their Business

  

  To help restaurants manage catering and wholesale orders with their in-person, takeout, and delivery business while using one POS system, Toast Inc. has launched Toast Invoicing. The new application, developed in response to what Toast sees as restaurants’ growing catering business, will eliminate the need for a separate POS system, …
• 11 October

  PayPal Advances Its U.S. POS Ambitions With a Launch of the All-in-One Zettle Terminal

  

  PayPal Holdings Inc. early Tuesday said it is making its new Zettle Terminal available to U.S. merchants generally following a rollout in Europe last year. The $199 device represents the e-commerce payments giant’s latest thrust into physical shops and restaurants and builds on technology acquired when it paid $2.2 billion …
• 11 October

  Hollister’s New Share2Pay Option And Other Digital Transactions News briefs from 10/11/22

  

  Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …
• 10 October

  Electronic Verification Systems Launches New Front-End Card Authentication Tech

  

  Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …
• 10 October

  Adobe Forecasts a Modest 2.5% Increase in Online Holiday Shopping Volume

  

  With Halloween two weeks away, it’s time to start looking at the 2022 holiday shopping season and its potential impact on retailers and their payments volumes. E-commerce powerhouse Adobe Inc. is forecasting $209.7 billion in U.S. online holiday shopping purchases, up 2.5% from $204.5 billion in the Nov. 1 through …
• 10 October

  Mastercard OKs New Contactless Card Spec And Other Digital Transactions News briefs from 10/10/22

  

  Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …
• 7 October

  TCH, SWIFT, And EBA Clearing Close in on a Pilot for Real-Time Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
• 7 October

  Crypto Exchange FTX Announces an Internationally Focused Debit Card Branded by Visa

  

  One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …