Thursday , September 19, 2024

Search Results for: digital identity

Visa’s 16 Million SMB Tally and other Digital Transactions News briefs from 9/15/21

Visa Inc. announced it has helped enable an estimated 16 million small businesses globally for digital payments, reaching 30% of its goal to so enable some 50 million small concerns.The Goldman Sachs Group Inc. said it will acquire GreenSky Inc., a provider of payments and loans at the point of sale for more …

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TransUnion Beefs up Its Identity Technology As Online Transactions Explode

As digital commerce continues to proliferate globally, the need for identity-resolution technology has grown exponentially. Credit-reporting giant TransUnion LLC on Monday strengthened its hand in that capability with the announcement it is acquiring Neustar Inc. for $3.1 billion. TransUnion will finance the deal with a combination of cash and debt.  …

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Biometric ID Checks Swell as Digital Payments Grow and other Digital Transactions News briefs from 9/3/21

Accelerated adoption of digital payments during the pandemic helped drive up biometric identity checks by a factor of 20 for ComplyCube in the first half of the year compared to the same period in 2020, said the company, which specializes in anti-money-laundering and know-your-customer compliance.Park Place Payments said it signed with acquirer Payroc …

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Revel Bags Dave’s Hot Chicken and other Digital Transactions News briefs from 8/11/21

Cloud-based point-of-sale maker Revel Systems said Dave’s Hot Chicken restaurant chain will use Revel Enterprise for its POS system. In the first quarter, the chain said its newly signed franchisees expanded the number of locations to more than 400.Payments provider Qualpay said it will process transactions for FuelMor, a software platform for propane suppliers.Buy …

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Circle Preps for SPAC Move and other Digital Transactions News briefs from 8/9/21

Circle Internet Financial Inc., a provider of payments based on digital currencies, filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with its effort to go public via a $4.5-billion buyout by a special purpose acquisition corporation.Bill.com said KPMG Spark, an accounting service for small and medium-sized …

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COMMENTARY: It’s Time for Peer-to-Peer Payment Apps And Digital Cash Services to Address Fraud

Since PayPal’s launch more than 20 years ago, the peer-to-peer and digital-cash service industry has seen exponential growth, and with it, exponential amounts of fraud.  An estimated 70% of Americans use peer-to-peer and digital-cash services, and many turned to these products during the pandemic. However, in just the first four …

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Veem Adds Products for SMBs and other Digital Transasctions News briefs from 7/21/21

Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …

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Two Charged by Justice Dept. in Card Scheme and other Digital Transactions News briefs from 7/9/21

The U.S. Justice Department charged two individuals in a $19 million credit card laundering scheme. Arrested were Steven Short, former head of E.M. Systems & Services LLC on charges of fraudulently obtaining credit card processing services for his allegedly deceptive Florida-based telemarketing operation. From 2012 to 2015, Short and E.M. Systems, …

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E-Complish’s Stake in Regal and other Digital Transactions News briefs from 6/21/21

Payments provider E-Complish announced it acquired an outstanding interest in Regal Technologies LLC, which provide automated clearing house and other payment services.Payments provider Shift4 Payments Inc. said it will process transactions for BetMGM, an online gaming and sports-betting platform.Payments provider ACI Worldwide Inc. said it is working with the Foundation for California Community Colleges to …

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Adyen Gets OCC Approval and other Digital Transactions News briefs from 6/14/21

Payments provider Adyen NV announced the Office of the Comptroller of the Currency has approved the company’s application for a federal foreign branch in San Francisco. The Federal Reserve granted its approval in May. Adyen says the U.S. branch license will allow its single platform to scale and introduce more services for …

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Digital Transactions