Point-of-sale

October, 2024

• 16 October

  The Threat From Synthetic Identity Fraud Remains Potent, TransUnion Finds

  

  The risk exposure to businesses from synthetic identity fraud totaled $3.2 billion during the first half of 2024—an all-time high, and up from $3 billion during the same period a year ago, says TransUnions’s “H2 2024 Update” to its State of Omnichannel Fraud Report. Criminals actively used synthetic identities to …
• 16 October

  CPI’s All-in-One Card Technology Debuts

  

  With several factors at play, CPI Card Group Inc. is launching fresh card technology that reduces the amount of first-use plastics while providing issuers new formats and shapes for their credit, debit, and prepaid cards. Announced Wednesday, the All-in-One technology using the Secora Pay Green technology has been developed in …
• 16 October

  Oracle Health Payments Debuts and other Digital Transactions News briefs from 10/16/24

  

  Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …
• 15 October

  Tyfone Spins Off a Real-Time Payments Company;  Shazam Links With i-payout for Real Time

  

  Tyfone Inc., a provider of consumer and commercial digital banking services for community banks and credit unions, has launched Payfinia Inc., a separate company that provides real-time payments technology. Payfinia’s flagship product will be the Instant Payment Xchange (IPX), which provides consumers with the ability make an account-to-account payment using …
• 15 October

  Eye on Software: Fear Free Inks a Gravity Tie in; Weave’s Tweaks for Vet Practices

  

  Two payments providers, in separate developments, are fine- tuning their services for veterinary-practice software makers. Gravity Payments Inc. has an integration with Fear Free LLC, a software developer, and Weave is updating its software for veterinary clinics. Broomfield, Colo.-based Fear Free says it will offer Gravity’s payment option with its …
• 15 October

  One Inc’s Expanded Tie-In and other Digital Transactions News briefs from 10/15/24

  

  J.P. Morgan Payments has entered into an expanded relationship with One Inc, a payments platform specializing in the insurance industry, to focus on property & casualty insurance clients. Consumers will spend $1,778 on average during the upcoming holiday season, according to projections from Deloitte Consulting LLP. The FIDO Alliance, a group backing …
• 14 October

  Motions Fly in the Battle Over the Illinois Interchange Case Ahead of an Oct. 30 Hearing

  

  Plaintiffs in the lawsuit seeking to overturn the Illinois Interchange Fee Prohibition Act filed a motion late Friday requesting the court deny a request from several merchant organizations to join the Illinois Attorney General as defendants in the suit. At the heart of the plaintiffs’ argument is that the Illinois …
• 14 October

  ‘The Days of Easy Secular Growth Are Behind Us,’ Warns a New Report

  

  Payments revenue, which grew at a healthy clip through last year, is going to see a drastically slower growth rate over the next five years, argues the Boston Consulting Group in a report issued early Monday. Worldwide payments revenues, which totaled $1.8 trillion last year, will increase at a compound …
• 14 October

  Mastercard’s Age Verification Tool and other Digital Transactions News briefs from 10/14/24

  

  Mastercard Inc. said its Identity Attribute Verification service soon will enable issuers to confirm cardholders’ information such as age, date of birth, or address. The initial focus will be select markets in Europe with plans to expand into others in 2025. Expense-management software developer Findity announced its Real Time Card platform, which it …
• 11 October

  Eye on Acquiring: Windsor Picks Manhattan POS Tech; Bluu Acquires JS Merchant Solution

  

  Women’s apparel retailer Windsor Inc. will deploy the Manhattan Active Point of Sale technology from Manhattan Associates Inc. in its 350 locations. Also, merchant services firm Bluu Inc. will acquire JS Merchant Solution Inc., which does business as Smart Merchant Solution. Atlanta-based Manhattan Associates says the Windsor installation of its …