News

October, 2024

• 3 October

  Optimizing payments and financial services to exceed consumer expectations and maximize revenue

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon, Inc. As payments technology innovation continues to evolve exponentially, today’s consumers expect a seamless, connected, and personalized buying experience. Buyers don’t care about payments per se, but the overall shopping experience. ISOs and ISVs that understand this …
• 3 October

  The Plot Thickens Over the Legal Challenge To Illinois’s Interchange Law

  

  The battle over the Illinois Interchange Fee Prohibition Act has taken a huge new turn. Early Thursday, the Illinois Attorney General’s Office filed a motion with the United States District Court for the Northern District of Illinois’s Eastern Division challenging an Amicus brief from the Office of the Comptroller of …
• 3 October

  How Visa And Swift Are Plunging Deeper Into the World of Digital Currencies

  

  Payments companies may not yet be ready to embrace fully the world of blockchains, but some major payments networks are taking steps to deepen their experience in the world of digital currencies. Witness Visa Inc., which early Thursday said it will help banks issue tokens they create on a blockchain. …
• 3 October

  Priority’s Bill Pay Change and other Digital Transactions News briefs from 10/3/24

  

  The Priority Commerce unit of Priority Technology Holdings Inc. has replaced the subscription billing model for Plastiq, its bill pay service, with a transaction fee per use. It also made all formerly premium subscription tools available to all users. The Small Business Index from the processor Fiserv Inc. indicates small-business sales and total …
• 2 October

  The Cleveland Browns Team Up With Aramark; ParTech Rolls Out a New Platform For Restaurants

  

  The Cleveland Browns of the National Football League are expanding their grab-and-go technology to food-and-beverage concessions throughout Huntington Bank Field, the team’s home stadium. The new service, called Express Access, will be available at 12 locations within the stadium, enabling consumers to place orders across the entire facility. Since 2023, …
• 2 October

  Eye on E-Commerce: Paze at 125 Million Cards; Klarna Becomes an Apple Reseller

  

  Paze, the online checkout service from Early Warning Services LLC, says more than 125 million credit and debit cards are now available to use with the e-commerce checkout tool as the service taps a new general manager. Also, buy now, pay later specialist Klarna AB has become an Apple Inc. …
• 2 October

  CellPoint’s PayU GPO Alliance and other Digital Transactions News briefs from 10/2/24

  

  CellPoint Digital, a payments-orchestration platform, announced an alliance with PayU GPO, a platform for alternative payment methods operating in more than 50 markets globally. In related news, payments-orchestration platform Transcard said it now supports payments globally through multiple currencies in an effort to smooth payments for financial companies operating worldwide. Duck Creek …
• 1 October

  The Top 2 Digital Fraud Schemes of 2024 That Every Business Should Know

  

  Online fraud schemes are on the rise across the globe. In fact, data breaches reached an all-time high last year, with an increase of 78% year-over-year between 2022 and 2023*, and that threat continues to escalate as fraudsters find new ways to beat digital security solutions. “There’s a lot of …
• 1 October

  Mastercard Agrees to Acquire Minna And Partners With Amazon Payments Services

  

  Mastercard Inc. announced early Tuesday it is acquiring Minna Technologies, a provider of subscription-management applications. Terms of the acquisition were not disclosed. The acquisition will enable consumers to more easily manage, renew, and cancel their subscriptions by providing them a single view of all their subscriptions within their banking apps …
• 1 October

  PayPal Updates Its User Agreement to Collect More Personalized Information

  

  Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …