News

November, 2021

• 17 November

  Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network

  

  To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network.  Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …
• 17 November

  As Developers Gain More Access, Gateways Become Prime Candidates for M&A, a Report Finds

  

  As integrated-payments competition intensifies, payment gateways are responding by making it easier for developers to access and use vital technical information. Indeed, more gateways—65% of them—analyzed in The Strawhecker Group’s annual Payment Gateway Directory, sponsored by MCAG, have open developer-center pages. This compares with 48% that did so in 2020. …
• 17 November

  NAB Debuts Developer Hub and other Digital Transactions News briefs from 11/17/21

  

  Payments provider North American Bancard LLC launched its Payments Hub Developer Portal, aimed at allowing developers to view specifications for application programming interfaces, see product information, and link directly to NAB sales and engineering personnel.Buy now, pay later specialist Splitit Payments Ltd. said it will offer its service on purchases by users of the …
• 16 November

  Fraud Looms As an Even Bigger Threat During the Upcoming Holiday Season

  

  Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says.  Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …
• 16 November

  Square Extends Its Marketing Tools to Sellers in Canada As Markets ‘Return to a New Normal’

  

  One of Square Inc.’s priorities these days is to sell its point-of-sale and online technology to merchants larger than the small shops it started with and still largely serves, but that doesn’t mean the San Francisco-based company is neglecting new opportunities with that small-merchant base. One such opening lies in …
• 16 November

  EVO Notes Oracle Integration and other Digital Transactions News briefs from 11/16/21

  

  EVO Payments Inc. reached an agreement with Oracle that will see EVO able to enable Oracle’s enterprise payment services to EVO’s hospitality and retail merchants. EVO will be able to offer its acquiring services to Oracle customers. EVO also will develop a direct integration to the Oracle Payments Interface, which provides …
• 15 November

  ACI’s Network Intelligence Technology Takes Aim at Real-Time Payments Fraud

  

  As criminals increasingly target real-time payments networks with fraud scams, ACI Worldwide Inc. on Monday announced the launch of its proprietary Network Intelligence Technology as part of its ACI Fraud Management platform. The new technology enables banks, processors, acquirers, and networks to augment fraud-prevention strategies by allowing them to share …
• 15 November

  Look for a Fast Expansion of In-Car Payments Over the Next Five Years, Juniper Says

  

  One of the most prominent examples of the so-called Internet of Things is the ability to make payments from the dashboard of a car, no mobile device needed. And now a forecast has arrived indicating the number of such transactions worldwide will balloon from 87 million this year to 4.7 …
• 15 November

  Western Union Taps Fiserv Exec as CEO and other Digital Transactions News briefs from 11/15/21

  

  The Western Union Co. named Devin B. McGranahan as its new chief executive, replacing Hikmet Ersek, who is retiring at the end of 2021. Ersek’s 21-year Western Union career includes the past 11 years as CEO. McGranahan comes to the money-transfer giant from processor Fiserv Inc. where he most recently was …
• 12 November

  Western Union Deepens Its Mastercard Integration With Send And Cross-Border Additions

  

  The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …