News

September, 2018

• 26 September

  EBay Starts Managing Payments And Looks to Add a ‘Majority’ of Sellers by 2021

  

  EBay Inc. on Tuesday announced it has “begun managing payments” on its massive marketplace and said it expects to have a “majority” of sellers converted to the new program by 2021. Under the new payments regime, sellers will encounter lower transaction costs, eBay’s announcement said, though it did not offer …
• 26 September

  Financial Institutions’ Costs Increase to $2.92 for Every Dollar of Fraud, Says LexisNexis Risk Solutions

  

  Financial institutions, like their retailer counterparts, are feeling the effects of fraud through higher costs. For every dollar of fraud a financial institution experiences, it costs another $2.92 in associated costs, up 9% from $2.67 in 2017, says LexisNexis Risk Solutions in its 2018 True Cost of Fraud study for …
• 26 September

  From Small ISO to International Powerhouse: How You Can Share in the Success

  

  NXGEN is a technology company that delivers state of the art payment solutions to merchants globally. Founded in 2002, and based in Whitefish MT, NXGEN has grown with local offices across the country and a global footprint in 30 countries. The company has grown from the dreams of Founder/CEO, Thomas …
• 26 September

  Square Adds Payroll Services and other Digital Transactions News briefs from 9/26/18

  

  Payment gateway USAePay completed EMV certification for First Data Corp.’s Rapid Connect platform. USAePay said the certification enables merchants to accept EMV payments, particularly EMV PIN-debit transactions, via its mobile application. First Data Corp. launched a service for card issuers called FirstSense that combines threat intelligence with the company’s fraud-detection …
• 25 September

  Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place

  

  It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …
• 25 September

  Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets

  

  U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …
• 25 September

  Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18

  

  Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
• 24 September

  Full PCI Compliance Drops for the First Time in Six Years, Verizon Reports

  

  Full compliance with the Payment Card Industry data-security standard dropped in 2017 for the first time in six years, according to a report released Tuesday by Verizon Communications Inc. New York City-based Verizon’s PCI-qualified security-assessment service, one of the largest in card-related security industry, says 52.5% of the organizations it …
• 24 September

  Does your POS make you money?

  

  As payment professionals, point of sale is frequently our toughest sell. Many factors play into the merchant’s purchasing decision, and price always seems to be a key influencer. It’s a fine balance between making money for your business while also discerning the true value of your solution’s purchase price. Does …
• 24 September

  PayPal Says It Is Shutting Down Payments for the Controversial Infowars Properties

  

  The payments business has become even more complicated than usual in recent years by politics, a point driven home on Friday when PayPal Holdings Inc. announced it will stop processing payments for the controversial Infowars Web site and related properties. “We do not take these actions lightly and we work …