News

March, 2020

• 6 March

  COMMENTARY: Why Trust Is the Future of Fraud Prevention

  

  “Can I trust you?”  The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers.  In today’s digital world, fraud-prevention solutions use artificial …
• 5 March

  Knowing the latest on PCI-DSS Compliance

  

  PCI-DSS has been an official standard since 2004 and over the last 16 years has guided payment solutions developers and the merchants in protecting card holder data. With every breach the security standards respond and strengthen so it’s important to stay at the forefront of the latest requirements and remain …
• 5 March

  USA Technologies’ Proxy Puts Three of Its Challenger’s Director Nominees on Its Own Slate

  

  Annual stockholder meetings usually are staid affairs involving such exciting matters as appointing a company’s auditing firm, but the upcoming meeting for vending machine payments provider USA Technologies Inc. could be a real barn burner. The months-long battle between Malvern, Pa.-based USAT’s management and board on the one side and …
• 5 March

  Perk Adds Alipay Support and other Digital Transactions News briefs from 3/5/20

  

  Perk Labs Inc. announced an agreement with Alipay that will enable Alipay users to make payments on the Perk platform.EVO Payments Inc. said it will offer the Nexgo Inc. N5 Android smart point-of-sale terminal.Certemy Inc., a professional certification and licensing management platform, introduced new payment gateway options, including Stripe Inc., PayPal Holdings Inc., …
• 5 March

  Keeping Merchants PCI-Compliant Is Becoming Tougher, Survey Finds

  

  Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, …
• 4 March

  Cardlytics Goes in Reverse as Payments Stocks Join a Broader Market Rebound

  

  In the wake of a weaker-than-expected outlook and a sudden CEO change, share prices for card-linked marketing-services provider Cardlytics Inc. plunged Wednesday even as other payments companies surged with the broader markets that had tanked Tuesday on fears of the coronavirus. As of late morning, Atlanta-based Cardlytics’ stock was going …
• 4 March

  Ant Financial Buys a Stake in Klarna, Lending Impetus to Online Installment Payments

  

  Klarna Bank AB, a leading exemplar of the trend toward offering installment-plan payments online and at the point of sale, has received backing from Ant Financial Services Group in a deal that cements an existing alliance between the two companies and could add considerable propulsive force to Klarna’s relatively new …
• 4 March

  Bluefin Device Encryption Roster Grows and other Digital Transactions News briefs from 3/4/20

  

  Bluefin Payment Systems LLC said several devices were added to its PCI-validated point-to-point encryption listing.Forte Payment Systems, a unit of CSG International Systems Inc., launched BillPay, a billing product that features security enhancements, the ability for users to pay online, via kiosk, or in person, and other enhancements.Installment-payment specialist Splitit Payments Ltd. said …
• 3 March

  With Visa Issuing a Revenue Warning, the Coronavirus Takes a Further Toll on Payments Companies

  

  With some of its payments cohorts already having warned the coronavirus would hurt their businesses, it was no surprise Visa Inc. joined the crowd Monday in forecasting reduced cardholder spending would translate into lower revenues. More signs of growing concern about the impact of the virus, officially named Covid-19, on …
• 3 March

  Eye on Acquisitions: Fiserv Acquires ISO MerchantPro Express; RevSpring Adds Loyale Healthcare

  

  After a more than 10-year relationship with MerchantPro Express LLC, processor and banking-services provider Fiserv Inc. is bringing the Melville, N.Y.-based firm in house with an acquisition of the independent sales organization. Announced Tuesday, the deal sees the long-time partner—likely with First Data Corp., which Fiserv bought last year—acquired as a …