News

November, 2024

• 22 November

  Small Businesses Have Work to Do to Attract Shoppers, NMI Finds

  

  While 78% of consumers say they are willing to pay more to shop at small merchants to help those businesses flourish, most plan to shop at large retailers as the holiday shopping season kicks off, a survey from payments processor NMI says. When the holiday shopping season officially kicks off …
• 22 November

  With Work, Many Merchants Could Be Compliant with New Click to Cancel Rule

  

  Consumers irked by the difficulty of unenrolling from some subscription services will gain relief May 14, when merchants must be compliant with the Federal Trade Commission’s revised Negative Option Role, otherwise known as click to cancel. Merchants, however, have a lot of work between now and then. The rule, which …
• 21 November

  Overhaul Your Payment Processing with Payarc’s PAYFAC Platform

  

  Empower Your Business with Seamless Transactions In today’s digital ecosystem, software companies have a wide range of options to create unique payment experience for consumers. Recently, payment facilitation has been an increasingly popular choice for business owners when it comes to accepting payments. Instead of each business needing to establish …
• 21 November

  Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.

  

  Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a provider of fundraising, education, and social impact apps, to enable digital tuition payments in the United States for international students. The deal covers more than 1,000 K-12 private and independent schools served by Blackbaud and …
• 21 November

  As the Trump Administration Looms, the CFPB Issues a Rule for Payments Apps

  

  Federal regulation is coming to payments apps offered by the country’s biggest tech companies. The Consumer Financial Protection Bureau said early Thursday it has “finalized” a rule that will regulate wallets and digital money transfers offered through payments services such as those of Apple Inc., Block Inc., Google LLC, and …
• 21 November

  Click to Cancel Effective Jan. 14 and other Digital Transactions News briefs from 11/21/24

  

  The Federal Trade Commission said its Negative Option rule, also known as click to cancel, goes into effect Jan. 14, and regulated entities must be compliant by May 14. The measure obliges entities that offer subscription services to make unenrollment as easy as the enrollment process. Airline and travel payments specialist CellPoint Digital raised $30 …
• 20 November

  Elevating the consumer payment experience – Setting the stage for merchant growth

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …
• 20 November

  A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees

  

  Members of the Senate Judiciary Committee told representatives of Visa Inc., Mastercard Inc., and the merchant community on Tuesday it was time to “negotiate” an end to their decades-old dispute over credit card swipe fees. The comments came during a Senate Judiciary Committee hearing billed as “Breaking the Visa-Mastercard Duopoly: …
• 20 November

  APP Fraud To Reach $7.6 Billion by 2028 in Six Countries, ACI Says

  

  Authorized push payment fraud could reach $7.6 billion in six markets, ACI Worldwide Inc. says in its latest Scamscope report. Released Wednesday, the report looks at APP fraud in the United States, United Kingdom, India, Brazil, Australia, and the United Arab Emirates, all markets with real-time payments. APP fraud happens …
• 20 November

  Fiserv and ADP Team up and other Digital Transactions News briefs from 11/20/24

  

  Fiserv Inc. and ADP have agreed to offer as a package Fiserv technologies such as Clover and CashFlow Central and ADP services for payroll and human resources. The offering is expected to be available early next year. Gift card specialist Raise said it expanded into Canada following last month’s launch in the United …