News

June, 2022

• 22 June

  Regulation May Loom, But For Now BNPL Is Enjoying a Growth Blowout

  

  It may have attracted the attention of federal regulators, but the buy now, pay later trend is poised for further strong growth driven by easier-to-use apps, the entry of major new players like Apple Inc., and expansion into new retail markets, according to a report issued early Wednesday. U.S. purchase …
• 22 June

  Mastercard’s First Album and other Digital Transactions News briefs from 6/22/22

  

  Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …
• 21 June

  Eye on Stadium Pay: Shift4 Expands Its Portfolio; Cheq Checks in With the Miami Dolphins

  

  Sports stadiums and entertainment venues continue to be a major focus for Shift4 Payments Inc. On Tuesday, the processor announced it will provide payment processing and online ordering for food and beverage concessions, as well as retail sales, at Nashville’s Nissan Stadium, home of the National Football League’s Tennessee Titans. …
• 21 June

  Stripe Says It Is Remolding Bank Transfers to Ease Acceptance by Businesses

  

  Stripe Inc. has introduced a direct-transfer product that it says allows users to send payments from their bank accounts to businesses without the account-reconciliation headaches that have historically plagued wire transfers. The new service is now available in the United States, Mexico, and the European Union, having been launched in …
• 21 June

  POSaBit Secures Expansion Funding and other Digital Transactions News briefs from 6/21/22

  

  POSaBIT Systems Corp., a point-of-sale system provider for the cannabis industry, announced a private placement of more than 5.8 million shares that generated approximately C$47.7 million ($3.6 million) that will help support its launch in eight U.S. state by year’s end.Corpay, a payments-technology unit of the U.S.-based payments provider Fleetcor, …
• 20 June

  PingPong Strengthens Its Cross-Border Payments Business With a JCB Deal

  

  Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …
• 20 June

  Payveris Adds Mobile, Text, Apps, And Other Popular Options for Loan Payments to Banks

  

  Citing a gap in the market for real-time loan repayments to financial institutions, bill-payment provider Payveris has launched Loan Payments, a service that can handle payments on debit cards and via the automated clearing house, as well as in cash. The new service comes in response to what the Cromwell, …
• 20 June

  Linxens in Biometric Card Deal and other Digital Transactions News briefs from 6/20/22

  

  Linxens Holding SAS has become the global provider of biometric smart cards produced with technology from Linxens and Idex Biometrics ASA under a new agreement. The cards feature fingerprint sensors from Idex and an NFC antenna inlay from Linxens.Blockchain-based gaming platform Aqua said it has hired former Facebook executive Sean Ryan as chief …
• 17 June

  Walmart Forges a Path for Streaming Commerce in a Deal With Roku

  

  Walmart Inc. has found another electronic outlet for its merchandise. The retailing giant announced late Thursday it will sell so-called featured products on Roku Inc.’s streaming service, with payments handled by Roku Pay. San Jose, Calif.-based Roku claims to be the largest U.S TV streaming service by hours streamed. Well-known …
• 17 June

  Visa Adjusts Its Chargeback Rules to Help Stem a Rising Tide of Friendly Fraud

  

  When it comes to payment card fraud, criminals trying to bilk the system with stolen card credentials is what typically comes to mind. But with e-commerce sales soaring during the pandemic, another form of fraud has been gaining momentum. This is so-called friendly fraud, in which a consumer disputes a …