News

June, 2018

• 7 June

  Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security

  

  Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …
• 7 June

  NXP Launches White-Label NFC Wallet and other Digital Transactions News briefs from 6/7/18

  

  Total System Services Inc. (TSYS) said it purchased iMobile3, which provides point-of-sale and digital marketing services for payments companies to market to merchants, for an undisclosed amount. Chip maker NXP Semiconductors N.V. announced a collaboration with Mastercard Inc. and Visa Inc. with the launch of the NXP mWallet 2GO, a white-label …
• 6 June

  Splitit Adds a Salesforce Commerce Cloud Integration

  

  Installment-payment specialist Splitit said retailers using the Salesforce Commerce Cloud can now offer the Splitit payment option via an integration into the Salesforce platform. Announced Wednesday, the integration enables merchants to offer an installment-payment option. Upon checkout, the consumer taps the Splitit button at participating Web sites. She is presented …
• 6 June

  A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

  

  In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …
• 6 June

  Interac To Provide Cardholders With Cross-Border Debit Purchase Option Through Bambora

  

  Canadian debit card network Interac Corp. says it will soon offer its cardholders the ability to make cross-border purchases through a partnership with Ingenico Group’s Bambora payment-services subsidiary. The move is significant because it will create a stronger e-commerce presence for the Interac Debit service in international markets, giving Canadians …
• 6 June

  CU Adds Fiserv Card Controls and other Digital Transactions News briefs from 6/6/18

  

  Processor Fiserv Inc. said VyStar Credit Union, which ranks 17th among U.S. credit unions by asset size, has become the company’s first client to adopt an enhanced mobile-banking platform that offers newly introduced card controls. The controls allow cardholders to set rules for when, where, and how their cards can be …
• 5 June

  Adyen Moves Toward Stock Offering, Sets Its Valuation at up to $8.3 Billion

  

  Dutch payment processor Adyen B.V., which has a major U.S. presence, took another step toward its planned stock sale Tuesday when it published an offering prospectus and estimated its market capitalization at between €6.5 billion and €7.1 billion ($7.6 billion to $8.3 billion). Fast-growing Adyen is one of the most-watched …
• 5 June

  With Consumer Adoption of EMV Rampant, Pockets of Merchants Work to Catch up

  

  Merchants, especially those reliant on point-of-sale software, continue to find themselves catching up to consumers when it comes to EMV adoption. But Rent Centric Inc., developer of browser-based software for the auto-rental industry, is the latest to make EMV acceptance available to its clients. Toronto-based Rent Centric says it now …
• 5 June

  As Interest in Crypto Trading Grows, Blockbid Adopts Brand-Name Risk Solutions

  

  In their short history, trading platforms specializing in cryptocurrency have struggled with the suspicion of some that they are helpmates for shady activities that depend on anonymity. To dispel that notion, the Australian exchange Blockbid Pty Ltd. on Tuesday said it is working with LexisNexis Risk Solutions and ThreatMetrix to …
• 5 June

  InComm Buys Gift Card Impressions and other Digital Transactions News briefs

  

  Prepaid card payments provider InComm announced it has acquired Gift Card Impressions, a provider of gift card packaging and solutions. Terms were not announced. Payments processor Adyen announced a direct application programming interface integration with Mastercard Inc.’s Account Updater service. Visa Inc. announced two initiatives to aid financial technology companies in …