Point-of-sale

April, 2022

• 28 April

  Digital Fraud Is Down Overall, But Several Industries Are Still At High Risk

  

  Thanks to more businesses implementing fraud-prevention tools, global digital fraud decreased more than 22% during the first quarter of 2022, compared to the same period a year earlier, according to TransUnion LLC’s quarterly digital-fraud analysis, released Thursday.  On a per-category basis, financial services, telecommunications, and retail all saw declines in …
• 28 April

  Aeropay’s ACH Integration with Flowhub and other Digital Transactions News briefs from 4/28/22

  

  Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …
• 27 April

  PayPal’s Schulman Stresses a New Super App And Improved Checkout to Drive Growth

  

  PayPal Holdings Inc.’s top management made it plain late Wednesday they’re not backing down from a strategy they outlined three months ago that made it seem the payments giant was abandoning an emphasis on sheer growth in favor of increased user engagement . That impression disappointed analysts who follow the …
• 27 April

  Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals

  

  Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …
• 27 April

  NCR Revenue up 26% and other Digital Transactions News briefs from 4/27/22

  

  NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …
• 26 April

  Binance Launches a Crypto Debit Card to Give Ukrainian Refugees Access to Money

  

  As the mass exodus of Ukrainian refugees fleeing their war-torn country continues, charitable organizations and businesses are finding new ways to provide support. Cryptocurrency exchange and blockchain-infrastructure provider Binance joined those efforts Tuesday, announcing the Binance Refugee Crypto Card. The Visa-branded debit card will allow displaced Ukrainians to make or …
• 26 April

  Choice Acquires ISO and other Digital Transactions News briefs from 4/26/22

  

  The payments platform Choice Inc. has acquired payments provider Direct Payment Consultants, boosting Choice to more than $3 billion in annual volume on more than 7,000 clients. In a separate transaction, Choice has been acquired by Nexa Equity LLC, a private-equity firm. The terms of the two transactions were not disclosed.A startup …
• 25 April

  Apple’s Switch to Visa for Its Virtual Cash Card Could Come Down to International Connections

  

  Apple Inc. is switching its network affiliation for its Apple Pay Cash virtual debit card to Visa Inc. after more than four years of issuing the card on the Discover Network. Information about the rationale for the move was not immediately available as the news emerged late last week on …
• 25 April

  Mastercard And Microsoft Team on an Enhanced Verification Solution for E-Commerce

  

  With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …
• 22 April

  BitPay Adds More Wallets And Exchanges for Its Accurate Payment Protocol

  

  Taking cryptocurrency mainstream involves many tasks, among them eliminating as much as possible exceptions in transactions made with the virtual currency. In response to this need, BitPay Inc. said Thursday its accurate payment protocol has been adopted by cryptocurrency exchanges Bitso and Bitstamp and crypto wallets Edge and Guarda.  The …