Digital Transactions Authoritative, insightful and timely information for payments professionals
The return of travel following the impact of the pandemic is testing airlines in various ways, not the least of which is their openness to payment methods beyond cards in what for them is a global market. That new emphasis, combined with a need to work with multiple acquirers, is …
March, 2022
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28 March
Payapa in Cross-Border Payments Play and other Digital Transactions News briefs from 3/28/22
Papaya Global Ltd., a specialist in payroll, said it has agreed to acquire Azimo Ltd., a cross-border payments platform. Terms were not announced.Canada-based processor Nuvei Corp. said it will provide acquiring and gateway services, along with support for more than 530 alternative payment methods, for Aircash, a mobile wallet based in Croatia.In …
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25 March
European And Google Moves Portend More Billing Options for Consumers in Online App Stores
The European Union on Thursday advanced legislation to curb the power of tech companies, legislation that would force them to provide more billing options to consumers on their highly popular app stores. In related news, Google and the big music streaming service Spotify this week announced Spotify users with Android …
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25 March
As Regulators Examine BNPL, A Payments Industry Group Advises Caution
With the Consumer Financial Protection Bureau investigating the impact of buy now, pay later programs on consumers, the Electronic Transactions Association early Friday released a letter it hopes will help clarify the issues and help allay the regulator’s concerns about key issues such as debt accumulation, regulatory arbitrage, and data …
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25 March
Sightline Payments Selects J.P. Morgan Payments and other Digital Transactions News briefs from 3/25/22
Sightline Payments said it has chosen J.P. Morgan Payments as its primary merchant acquirer and processor for Sightline’s Play+ service, which works with more than 80 companies to support sports betting, lotteries, and online and physical casinos in more than 40 states. Play+ has more than 1.5 million accountholders.In related news, J.P. …
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24 March
Human-Initiated Bot Attacks Spike 50% in North America, a New Report Finds
Growth in human-initiated bot attacks outpaced growth in automated bot attacks in the second half of 2021. That’s according to the latest Cybercrime Report from LexisNexis Risk Solutions. Automated bot attacks globally increased 32% for June through December last year over the same period in 2020, trailing the 46% spike …
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24 March
COMMENTARY: How Artificial Intelligence Is Helping BNPL Providers Stay Secure
Lax credit checks, minimal personal data requested, and fast loan approval. What’s not to love about buy now, pay later (BNPL) options if you’re a cybercriminal? From creating fake identities to exploiting flaws in providers’ data-management tools, bad actors have been quick to take advantage of these fast-growing, convenient finance …
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24 March
Ransomware Payments up 78% and other Digital Transactions News briefs from 3/24/22
Ransomware payments exploded last year, with the average payment rising 78% year-over-year to $541,010, according to data compiled by cybersecurity firm Palo Alto Networks.Blackbaud Inc., a cloud software company serving nonprofits, said clients of its Blackbaud Merchant Services unit can now accept payments via both PayPal and Venmo in the United …
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23 March
Group Shines Spotlight on Online Debit Routing Choice and Security
The popularity of debit cards for card-not-present transactions, particularly online payments, is surging, and a new proposal from an industry trade group could expand that popularity while preventing fraud and facilitating merchants’ transaction-routing choices. The proposal is contained in a white paper released Tuesday by the U.S. Payments Forum, an …
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23 March
Mastercard Announces Account-to-Account Payment Tools Based on Open-Banking Assets
Mastercard Inc. early Wednesday said it will launch two new payments tools that rely on the card network’s rapidly growing stake in open banking and account-to-account transactions. The new digital tools, which Mastercard says will not be available until later this year, are expected to address risk and uncertainty in …
