Digital Transactions Authoritative, insightful and timely information for payments professionals
The proposed acquisition of Worldpay Inc. by Fidelity National Information Services Inc. (FIS) is about to clear another hurdle, according to Reuters. The news service is reporting that European Union antitrust regulators are poised to approve the deal without conditions. EVO Payments Inc. said its payments services are integrated into …
July, 2019
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1 July
COMMENTARY: The Rise of B2B E-Commerce Creates New Technology Openings
For years, business-to-business (B2B) e-commerce has been the distant cousin of business-to-consumer (B2C) e-commerce—less understood and appreciated, asked to wait in the other room while consumer-facing businesses from Amazon to Warby Parker soaked up all the adulation. But as B2C e-commerce and its supporting ecosystem matures, the potential for B2B …
June, 2019
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28 June
Visa Agrees to Buy Verifi As Payments Players Wrestle With Rising Chargebacks
Visa Inc. on Friday announced it will buy Verifi Inc., a 14-year-old, Los Angeles-based provider of tools that allow merchants, acquirers, and issuers to resolve chargebacks. Visa, which did not announce terms for the deal, said it will integrate Verifi’s technology with risk-management capabilities from CyberSource and CardinalCommerce, companies the …
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28 June
JCPenney Again Accepting Mobile Payments, but Technology Upgrade Is Yet To Come
After about two months of not accepting mobile wallets, J.C. Penney Co. Inc. this month quietly resumed accepting them, apparently by firing up its old contactless-payment acceptance system. The Plano, Texas-based department-store chain with about 860 locations had turned off its contactless system that used an older technology known as …
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28 June
Punchh Launches Customer Data Tool and other Digital Transactions News briefs from 6/28/19
Digital-marketing specialist Punchh launched a product that uses machine learning to allow physical retailers to calculate the lifetime purchases of individual customers and craft marketing plans accordingly. Standards body EMVCo said it will have an educational session about the new Secure Remote Commerce specification for online payments at a U.S. …
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27 June
Global AML Screening: the Technology and Best Practices that Help You Succeed
by Computer Services, Inc. (CSI) Organizations across regulated industries are obligated to screen transactions and customers against sanctions lists, PEP lists and negative news lists in order to identify high-risk customers and transactions, and to avoid transacting with sanctioned countries, individuals and entities. And doing so is a required …
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27 June
A Dispute Over Continuing Residuals Could Affect Other ISO And Agent Contracts
In a decision that could have far-reaching implications for the merchant-acquiring industry, a U.S. District Court judge has ordered independent sales organization Electronic Merchant Systems to pay more than $5.4 million in breach-of-contract damages to a sales agent. The decision arises from a dispute over residuals and the interpretation of …
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27 June
With Its New Installment-Payment APIs, Visa Enters a Crowded But Enticing Market
Visa Inc. said on Thursday it is getting into the point-of-sale installment-payment business weeks after rival Mastercard Inc. announced it bought Austin, Texas-based POS credit fintech Vyze Inc. The move also comes as volumes are growing for the product, driven in part by offerings from non-banks like Affirm Inc. and …
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27 June
Paysafe Adds Bank-Payments Service and other Digital Transactions News briefs from 6/27/19
Paysafe Group said its Rapid Transfer online-banking payments service available in 18 European countries will be coming to the U.S. through a new partnership with Skrill USA Inc. With Rapid Transfer, consumers can make ACH or wire-transfer payments at Skrill-accepting merchants without leaving the merchant’s Web site. Via Transportation Inc., …
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26 June
Eight Percent of North American Payments Fraud Is Related to Terrorism, Report Finds
While most North American payments fraud is related to identity and organized crime, one area—terrorism—stands out in this region compared to other developed markets. Eight percent of the 154 criminals cases reviewed by information-security firm Terbium Labs in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational …
