The regulatory climate for financial services is warming up, and even companies that have largely escaped notice are feeling the heat. Regulators at the state and federal levels are taking a new look at everything from transaction routing to the ways companies market themselves. While it may look like they …
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Is a Lower Debit Cap Coming?
Pressure is building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. In part, observers are reacting to a report the …
Read More »Consumers Soon Will Be Able to Fill ‘er Up With Crypto at Sheetz Stores
Consumers traveling with cryptocurrencies busting out of their digital wallets will be able to spend some of that at select Sheetz convenience stores later this summer. Sheetz says it is the first c-store chain to accept crypto. In an announcement Friday, the 622-store chain says it will enable crypto acceptance …
Read More »As Consumers Crowd Into E-Commerce, Square Looks to Ease Seller Listings on Google
With merchants of all sizes looking to get in on the rush to e-commerce triggered by the Covid-19 pandemic, Square Inc. announced Thursday morning a service that lets sellers set up a product listing on Google. The new program, aimed at merchants using Square for Retail, aims at simplifying online …
Read More »SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21
SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
Read More »Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21
Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …
Read More »dLocal Launches IPO and other Digital Transactions News briefs from 5/25/21
Payments platform dLocal Ltd. announced the launch of its initial public offering involving more than 29 million shares with an estimated price range of $16 to $18 per share.ACI Worldwide Inc. is collaborating with JPMorgan Chase & Co. to combine Chase’s European acquiring platform with ACI’s payments platform in an offering to merchants …
Read More »QR Codes And Digital Wallets Are Gaining Popularity Fast Among Consumers
Quick Response codes are one of the many payment options to flourish as consumers embrace digital and contactless payments in the wake of the Covid-19 pandemic, says a report from Blackhawk Network Inc. Of the 13,000 respondents surveyed across nine countries representing nearly half of the world’s card-payment volume, 18% …
Read More »Phishing Attacks on the Financial Sector Increased 45% in 2020, Akamai Report Finds
While some parts of the economy slowed in 2020, criminals paid no mind to that as their phishing attacks against companies in the financial sector increased 45% over 2019 to 3.4 billion, Akamai Technologies Inc. found in its “State of the Internet / Security report: Phishing for Finance” released Wednesday. …
Read More »Bolt Financial Launches Single Store Account Creation and Payment for E-Commerce Merchants
Bolt Financial Inc. is betting its single sign-on checkout application, Bolt SSO Commerce, will make it easier for e-commerce stores to steer shoppers away from using guest checkout. Instead, they can open an account while at the same time saving their payment credentials in one click at checkout. While anonymous …
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