News

January, 2020

• 21 January

  Why the Business-to-Consumer Payout Market Is a Hot Payments Niche

  

  Business-to-consumer payouts are attracting a small but growing cadre of payment processors and fintechs eager to exploit a multi-trillion-dollar market where checks and automated clearing house direct deposits have a heavy presence, according to a new report. The report from Aite Group LLC analysts Talie Baker and Erika Baumann identifies …
• 21 January

  Eye on Integrated Payments: LawPay Gains Integration And Repay’s Gateway Is Nortridge Option

  

  Two payments companies specializing in serving software application providers announced integrations. First, Pars Consulting Inc. completed the integration of LawPay, a payment service for law practices, for Curo365, a legal-practice software. Redmond, Wash.-based Pars said the LawPay integration with Curo365 will increase clients for both. “There were lots of payment …
• 21 January

  StubHub Adds Affirm Option and other Digital Transactions News briefs from 1/21/20

  

  Affirm Inc., provider of point-of-sale installment credit, announced StubHub will use its service to sell event tickets that buyers can pay for over time.Chinese tourists in the United States increased their mobile-payments usage in 2019 to 3.1 transactions out of 10 from 2.8 the year before, according to a report released by …
• 20 January

  International Operation Takes Down Domain That Reportedly Had 12 Billion Stolen Records

  

  Federal and European law-enforcement agencies last week seized the domain of WeLeakInfo.com, an online site that allegedly held 12 billion stolen records from 10,000 data breaches. The now-shuttered site’s data included names, email addresses, usernames, phone numbers, and passwords for online accounts, according to a news release from the FBI …
• 20 January

  Amazon’s Venture in Pay-by-Palm Holds Promise But Faces Some Difficult Obstacles

  

  Amazon.com Inc.’s ambitions now include devices that could authenticate payments by scanning the palm of the customer’s hand. But while this latest twist in the e-commerce giant’s payments strategy could result in faster and more convenient transactions for users, it also could run into roadblocks that have scuttled similar ventures …
• 20 January

  Ria Makes bpost Deal and other Digital Transactions News briefs from 1/20/20

  

  Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …
• 17 January

  Shell In-Car Payments Come to Fiat Chrysler Dashboards

  

  Consumers motoring in their Dodge Challengers and Ram pickup trucks are now able to pay for fuel at participating Shell Oil Co. gas stations from inside their vehicles using the vehicles’ infotainment systems. Shell announced Fiat Chrysler automobiles with Uconnect Market enabled will have access to the Shell Pay & Save …
• 17 January

  2019 Holiday Sales Increased 4.1% and other Digital Transactions News briefs from 1/17/20

  

  The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …
• 16 January

  In Libra’s Wake, Experts Begin Planning Digital Money Controlled by Central Banks

  

  When Facebook Inc. last year floated the idea of a digital currency called Libra, the notion of a currency backed by a powerful corporation with global reach stimulated some experts to begin thinking about digital money that could be issued not by private companies but by central banks. On Thursday, …
• 16 January

  After Beating Wells Fargo Twice in Court, USAA Seeks Dismissal of Mitek’s Mobile-Deposit Lawsuit

  

  Insurer and financial-services provider United Services Automobile Association on Wednesday asked a federal court to dismiss a request by mobile remote deposit capture technology developer Mitek Systems Inc. for a declaratory judgment that Mitek’s technology does not infringe on four USAA patents. San Antonio, Texas-based USAA’s dismissal request came less …