News

December, 2023

• 18 December

  COMMENTARY: Payments Fraud Is Unrelenting. So Are the Hidden Battles Against It

  

  The digital revolution in payments, characterized by a surge in online transactions and the emergence of novel payment technologies, has been a double-edged sword. While innovations have streamlined commerce, they have also spawned intricate fraud mechanisms, compelling businesses to recalibrate their strategies for safeguarding their operations, reputation, and financial survival. …
• 18 December

  Visa’s Fast Track Expands And Other Digital Transactions News briefs from 12/18/23

  

  Visa Inc. said it is expanding its Fintech Fast Track program, originally focused on card issuing, to include Visa Direct, the card network’s real-time payments platform. Visa has signed 42 new clients in the past year for Fintech Fast Track, which offers various Visa payment technologies to non-bank payments providers. In …
• 15 December

  With Sale Rumors Swirling, Shift4 May Be Traveling Down An Alternative Path

  

  With the payments industry abuzz since late Thursday with reports that the big processor Shift4 Payments Inc. is in talks to be acquired by Global Payments Inc.—reports Global Payments has denied— questions are emerging as to whether Shift4’s plans to grow through the exploration of strategic initiatives include a sale. …
• 15 December

  FedNow’s Rising Adoption Buoys Its Biggest Rival, As Well

  

  A big movement among financial institutions to join the Federal Reserve’s FedNow real-time payments network appears to be benefiting its biggest rival, as well. “Ever since FedNow launched, we’ve seen a surge of interest in real-time payments,” says a spokesman for the Real Time Payments network operated by The Clearing …
• 15 December

  Presto Voice Tally Predicts 1,270 Locations and other Digital Transactions News briefs from 12/15/23

  

  Presto Automation Inc. forecast its new, artificial-intelligence-based Presto Voice ordering system for drive-through restaurants will have been adopted by 1,270 locations by the end of 2024, up from the current count of 404. River, a provider of technology and financial services related to Bitcoin, launched River Link, a service that lets users send …
• 14 December

  Repay Partners With Green Dot to Enable Cash-Based Bill Payment

  

  Repay Holdings Corp., a provider of payment-processing services, has partnered with Green Dot Corp. to enable Repay merchants to accept cash-based bill payments at more than 45,000 locations in the United States. The service depends on Green Dot’s eCash technology, which enables users to present a barcode that serves as …
• 14 December

  Revel Systems Signs up Dewey’s As Hospitality POS Rivalry Grows Ever Hotter

  

  In recent years, point-of-sale technology providers specializing in the hospitality industry have had a tough go of it. First came the pandemic, which shut down restaurants across the country. And now, the business has emerged as perhaps the most crowded POS market in North America, with at least a dozen …
• 14 December

  E-ZPass Hub Readied And Other Digital Transactions News briefs from 12/14/23

  

  Tolling-technology provider Quarterhill Inc. said its Electronic Transaction Consultants unit has launched an E-ZPass interoperability hub to enable readily available electronic toll payments across regions of the United States. The move is considered a step toward nationwide toll-payment interoperability. Equipifi, a provider of buy now, pay later services for debit card issuers, …
• 13 December

  The EPC Recruits Social Media Influencers to Turn Up the Heat on the CCCA

  

  The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …
• 13 December

  Visa Launches a Service Aimed at Stopping Fraud Caused by Illegitimate Token Requests

  

  Tokenized credentials are supposed to stop fraud by masking card account numbers when a transaction is processed, but according to Visa Inc. global losses owing to illegitimate tokens totaled $450 million last year. That’s bad enough to prompt the network to announce early Wednesday it is launching Visa Provisioning Intelligence, …