News

August, 2021

• 6 August

  Paya Looks to M&A, ISVs, And ACH for Growth As It Reports a Strong First Quarter

  

  Paya Holdings Inc. hasn’t let up on its search for growth via acquisitions as it plays to its strengths in integrated payments and automated clearing house processing.  The Reston, Va.-based company reported early Friday a record-high $10.7 billion in payment volume for the first quarter, a number that doesn’t include …
• 6 August

  COMMENTARY: How EMV Specifications Are Supporting Online Commerce

  

  The increasing digitalization of global economies, along with the unprecedented growth in online commerce, means that consumers and businesses are demanding more from payments. A recent report from the Federal Reserve Bank of Boston notes that “consumers not only have higher expectations when it comes to online security, but they …
• 6 August

  Apple Cash Adds Mastercard Debit Support and other Digital Transactions News briefs from 8/6/21

  

  Apple Inc. said Apple Cash users can now send Instant Transfer payments to Mastercard Inc. debit cards, reported 9to5mac.com. The service had been compatible only with Visa Inc. debit cards prior to Thursday’s announcement. Apple also said it is charging a 1.5% fee for Instant Transfer transactions, up from 1%. Instant Transfer …
• 5 August

  Credential Stuffing Remains Fraudsters’ Favored Form of Attack, Says Arkose Labs

  

  Credential stuffing hasn’t lost its appeal as a favored form of attack for criminals looking to commit account fraud, says a report from San Francisco-based fraud-prevention technology provider Arkose Labs detailing fraud trends during the first half of 2021.   Credential stuffing accounted for 285 million attacks during the first half of …
• 5 August

  Shift4 Looks to a Revamped Restaurant Platform As It Racks up a Strong Second Quarter

  

  Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …
• 5 August

  In-Store Sales up 15.5% and other Digital Transactions News briefs from 8/5/21

  

  Mastercard Inc. said in its latest SpendingPulse report in-store shopping ballooned 15.5% in July over July 2020 and accounted for 81.9% of total retail sales, excluding automotive. E-commerce sales for the month were up 6.1% from last year, but up 77.7% from July 2019.Payments-technology provider ACI Worldwide Inc. announced an expanded agreement with …
• 4 August

  Data Breaches Are Down, But the Severity of the Attacks Is on the Rise

  

  Data breaches declined sharply during the first half of 2021, says a report from Risked Based Security Inc. The number of publicly reported data breaches during the first six months of 2021 totaled 1,767, down 24% from the same period in 2020. At the same time, the number of sensitive …
• 4 August

  Cashless Payments Via Clover Will Greet Returning Chelsea Fans

  

  Fiserv Inc. will field more than 200 Clover point-of-sale devices and handheld Clover Flex devices in Stamford Bridge, the home stadium of England’s Chelsea Football Club, as the processor continues to champion contactless payments. Announced Wednesday, the debut of the Clover devices in the stadium means attendees will be able …
• 4 August

  EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21

  

  Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …
• 3 August

  Make Call Center Payments Easy with Virtual Terminal

  By Sherrie Bryant, Marketing Director, Exact Payments Providing fast, convenient customer service is fundamental to successful call center management. However, consumers continually seem to raise the bar as their behaviors evolve. At one time, convenience meant enabling customers to call rather than drive to a physical location to make purchases, …