News

June, 2018

• 20 June

  COMMENTARY: Adyen And the New Age of Global Payments Processing: Part II

  

  Adyen touts its omnichannel approach. It has integrated e-commerce with in-store sales, for example, at hip men’s clothier Bonobos. The Dutch processor’s growth locomotive, however, is, and for the foreseeable future will remain, e-commerce. While not enjoying Mastercard’s network power, Adyen has built platform economics by credentialing and securely integrating …
• 20 June

  Details on Visa Europe Outage and other Digital Transactions News briefs from 6/20/18

  

  Merchant processor Paysafe North America said that by mid-July it will start offering same-day settlement to small U.S. merchants. The service will be offered in collaboration with Company.com, a services platform for small businesses, and Ingo Money, a push-payments provider. Visa Inc.’s 10-hour service interruption in Europe on June 1 …
• 19 June

  Survey Identifies Emerging Anti-Fraud Tools Favored by E-Commerce Merchants

  

  The fraud-fighting tools of the future for e-commerce retailers include artificial intelligence, multimerchant velocity checks, and fingerprint identification, according to a poll of 166 merchants for the Federal Reserve Bank of Minneapolis. None of those newer tools is in widespread use today, but more merchants plan to use them going …
• 19 June

  COMMENTARY: Adyen And the New Age of Global Payments Processing: Part I

  

  Dutch payments processor Adyen N.V. is in the limelight just as the payments business has gotten hot. Ant Financial just raised the biggest private funding round ever—$14 billion at a $150 billion valuation, in part on the back of its Alipay unit. These are new and nontraditional entrants. The old …
• 19 June

  USAePay Notes Paradise POS Deal and other Digital Transactions News briefs from 6/19/18

  

  Payment gateway Merchant Link said the Agilsys rGuest Pay v1.6 software for the hospitality industry is approved as a certified interface on Merchant Link’s network. Agilysis develops software for the hospitality industry. Payment gateway USAePay said the cash-discount program from Paradise POS, developer of iOS-based point-of-sale software, will be available …
• 18 June

  Electronic Payments Coalition Says Retailers Should ‘Pull Their Weight’ To Improve Payments

  

  A lobbying group of payment networks and card issuers released consumer survey results Monday that it says show merchants should “step up and catch up” regarding payment card security and innovation. “Time and time again, retailers have shown they are more interested in cutting their own costs instead of making …
• 18 June

  ACH-Based GasBuddy Payment Service Marks 300,000-Plus Users

  

  GasBuddy LLC, the fuel-price comparison service, said Monday more than 300,000 U.S. drivers have enrolled in Pay with GasBuddy, its fuel-discount program that uses the automated clearing house for transactions. Launched last year, Pay with GasBuddy connects a consumer’s checking account with a GasBuddy-issued card. After enrolling in the service …
• 18 June

  The U.K.’s Finastra Acquires Malauzai Software in a Bid for Mobile Services for Community Banks

  

  Finastra, a London-based vendor of digital-banking software, announced Monday it has acquired Malauzai Software Inc., a 9-year-old company based in Austin, Texas. Terms were not announced. The deal brings to Finastra a company serving more than 350 community financial institutions with solutions for such digital services as mobile remote deposit …
• 18 June

  Gas Pump Maker Launches Retailer EMV Program and other Digital Transactions News briefs from 6/18/18

  

  Fuel-pump maker Gilbarco Veeder-Root launched an exclusive EMV dispenser program for Chevron and Texaco retailers as the petroleum industry prepares for the 2020 EMV liability shift. Petroleum Card Services said the Oklahoma Petroleum Marketers & Convenience-Store Association named it as a payment-processing referral partner for its members. Garmin International Inc. launched …
• 15 June

  As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile

  

  By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …