News

May, 2021

• 26 May

  As Consumers Revisit Stores, J.P. Morgan Teams Up With ACI to Expand in Europe And the U.K.

  

  With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …
• 26 May

  Fortis Acquires EpicPay And Change Merchant Solutions to Add Integrated Payments Swagger

  

  Fortis Payment Systems LLC is the latest acquirer to build up its integrated payments position, announcing Wednesday the acquisitions of EpicPay International LLC and Change Merchant Solutions LLC. The two deals will boost Fortis’s options for independent software vendors and developers, the company says. “Technology partners will be able to …
• 26 May

  Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21

  

  Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …
• 25 May

  How Insurers Have Proven To Be a Big Growth Market for Digital Payouts

  

  The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …
• 25 May

  Eye on Acquisitions: Sift Embraces Chargeback, While GreenBox Buys an ISO

  

  Sift Science Inc. has agreed to acquire Chargeback Inc., a specialist in applying dispute-resolution technology to help merchants resolve chargebacks. Terms were not announced. The deal comes as card-not-present fraud in particular is soaring as consumers over the past year have adopted online shopping, many for the first time. U.S. …
• 25 May

  dLocal Launches IPO and other Digital Transactions News briefs from 5/25/21

  

  Payments platform dLocal Ltd. announced the launch of its initial public offering involving more than 29 million shares with an estimated price range of $16 to $18 per share.ACI Worldwide Inc. is collaborating with JPMorgan Chase & Co. to combine Chase’s European acquiring platform with ACI’s payments platform in an offering to merchants …
• 24 May

  ThetaRay Introduces an Anti-Money Laundering Tool for Cross Border Payments

  

  With criminals continually devising ways to defeat rules-based applications used for detecting illicit cross-border payments, ThetaRay Ltd., an Israel-based cybersecurity and data-analytics firm, on Monday introduced SONAR, a software-as-a-service-based machine-learning application that detects known and unknown risks associated with cross-border payments. Using machine-learning algorithms, SONAR identifies normal characteristics within specific …
• 24 May

  GreenBox Gains a BIN From Merrick Bank As It Eyes Bigger Merchants for Blockchain Processing

  

  Much of the publicity swirling around blockchain technology concerns its use for recording and managing cryptocurrency, but there has been little talk about using blockchain to manage merchant transactions. GreenBox POS, a San Diego-based processor, changed that on Monday with its announcement that it has secured a bank identification number, or …
• 24 May

  Tappit Lands College Deal and other Digital Transactions News briefs from 5/24/21

  

  Payments technology provider Tappit said it is providing its white label, touchless mobile payment service to Learfield IMG College, a media and technology services company in intercollegiate athletics. Learfield will offer the service to university athletic departments that can integrate the service into their mobile apps.Payments provider Rev19 LLC, founded in 2017, has rebranded as …
• 21 May

  How Square Recruits Plaid to Support Its New Gambit to Recruit Larger Sellers

  

  A payments trend that has gained some momentum during the pandemic is open banking, the idea that funds can validated and moved from an account to another one at a different bank inexpensively and by means other than cards or checks. On Thursday, that concept took a big step forward …