News

June, 2019

• 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 …
• 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., …
• 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 …
• 26 June

  Point-of-Sale Credit Resonates Best With Regular Debit Card Holders, Research Finds

  

  Installment lending at the point of sale has drawn both startups and established companies, including banks, in recent years, but who among consumers finds that offer most attractive? The answer, according to New York City-based Auriemma Research, is consumers who pay with debit cards exclusively or say they prefer to. …
• 26 June

  eBay’s Payments APIs and other Digital Transactions News briefs from 6/26/19

  

  EBay Inc. announced new payments application programming interfaces for developers, including a Finances API, an Account API, and a Fulfillment API. The new APIs are designed for the online marketplace’s new managed-payments program, in which the company has taken over payments processing from long-time provider and former subsidiary PayPal Holdings …
• 25 June

  Is it time to take another look at leasing?

  

  NLS Equipment Finance thinks so. NLS Equipment is a new company, launching just this month, that offers both traditional and new leasing opportunities all designed to encourage ISOs to give leasing another try. These include: a special bonus program running through June 15; a Zero Payment Recourse program for qualified …
• 25 June

  Visa To Acquire Rambus’s Token and Electronic-Ticketing Businesses for $75 Million

  

  In a move to expand its tokenization services, Visa Inc. announced Tuesday that it has a deal to buy the token and smart-ticketing businesses of Rambus Inc., a Silicon Valley chip and software provider. The purchase price is $75 million in cash, according to a regulatory filing from Sunnyvale, Calif.-based …
• 25 June

  Pineapple Payments Acquires Card Champ and other Digital Transactions News briefs from 6/25/19

  

  Independent sales organization Pineapple Payments announced it acquired rival Card Champ. Both ISOs are based in Pittsburgh. Terms were not disclosed. Diebold Nixdorf Inc. released the DN Series of ATMs. Diebold said 18 financial institutions in 13 nations are testing the machines. Payment Data Systems Inc. changed its name to …
• 24 June

  Will Facebook’s Big User Numbers Be Enough to Catapult Calibra?

  

  Facebook Inc. has said it will turn over control of its Libra cryptocurrency initiative to a consortium of companies that will constitute the Libra Association. But one related property the massive social network will retain, albeit as an arm’s-length subsidiary, is its new Calibra unit, which will run Facebook’s own …
• 24 June

  Fiat Chrysler USA Is the Latest To Offer an In-Dash Market With a Payments Capability

  

  FCA USA LLC, the automaker behind Chrysler, Dodge, Jeep, and Ram vehicles, will offer the Uconnect Market as part of its in-dash infotainment systems beginning later this year, the Auburn Hills, Mich.-based company announced Monday. The new service, which will deploy in the second half of the year as an …