News

October, 2021

• 1 October

  What Can Payments Execs Expect From Chopra’s CFPB? ‘Very Aggressive Regulating,’ Say Some

  

  Payments observers are expecting a tougher regulatory approach from the Consumer Financial Protection Bureau with the confirmation on Thursday of Rohit Chopra as executive director of the 10-year old federal agency. “The agency will likely return to the days of director Cordray,” predicts one close observer who asked not to …
• 1 October

  Payroc Adds Installment Payments Service and other Digital Transactions News briefs from 10/1/21

  

  Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …
• 1 October

  COMMENTARY: The Holidays Are Coming, But Transaction Fraud Doesn’t Take Holidays

  

  Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …

September, 2021

• 30 September

  Helping Businesses Increase Profits with Cash Discount Programs

  

  By John Buchanan, Vice President of Sales, Agile Financial Systems There’s no doubt last year’s pandemic crippled sales and brought hardship to many businesses, and unfortunately, many had to close their doors for good, while others had to impose additional surcharges to stay afloat. While credit cards are extremely convenient …
• 30 September

  As States Give the Nod to Sports Betting, Paysafe Adds Fubo Gaming to Its Roster of Clients

  

  Paysafe Group Holdings Ltd. extended its foray into the booming sports-betting industry, announcing a partnership Thursday with Fubo Gaming, a Chicago-based subsidiary of live TV-streaming platform fuboTV Inc.  Fubo Gaming’s mobile sportsbook and Fubo Sportsbook applications will plug into Paysafe’s platform for credit and debit card payments, the Skrill USA …
• 30 September

  Account Takeover Attacks Are Taking a Toll on Financial Services Firms, Sift Reports

  

  Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …
• 30 September

  Fiserv’s Big Plans for New Jersey and Digital Transactions News briefs from 9/30/21

  

  Processor Fiserv Inc. said it will open a new office building in New Jersey that will include 428,000 square feet of space and accommodate approximately 3,000 employees.In related news, Visa Inc. said it will open a new office in Atlanta next year. The company expects the new space to accommodate approximately 1,000 employees over …
• 29 September

  PayPal Adds Staples to Its List of ‘Return Bars’ for Its Happy Returns Service

  

  As part of its efforts to extend its contact with consumers and merchants beyond checkout, PayPal Holdings Inc. announced Wednesday that Staples Inc. has become the latest merchant partner to serve as a return center for its Happy Returns in-person return service. Staples will roll out the service at its more …
• 29 September

  Discover’s Meal Plan Strategy and other Digital Transactions News briefs from 9/29/21

  

  Discover Network said it will work with Phood Solutions Inc., a food-payment and delivery platform for college students, to provide a mobile app that allows students to load a meal plan along with plan dollars for use with DoorDash and other services. Payments will be backed by a Discover prepaid card …
• 29 September

  Online Powerhouse GoDaddy Takes the Next Step with Card-Present Transactions

  

  GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. Merchants will pay 2.3% per card-present transaction and 2.3% plus 10 …