In the world of venture capital, unicorns are so-called because of their lofty— and rarely seen—valuations. But such companies are growing more numerous in the tech field. Payments is no exception. In the world of venture capital and private equity, where quite a few payments startups operate, it’s astonishing how …
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Adyen Goes to the (Physical) Store
E-commerce processor Adyen Inc. announced last month it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Adyen, a Netherlands-based company with …
Read More »Why Transit Is Boarding the Mobile-Payments Train
Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and you’re more likely to see passengers using smart phones to read news reports, listen …
Read More »The $8 Billion Problem
Card-not-present fraud isn’t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are …
Read More »Visa Tightens the PCI Harness
Visa Inc. wants small merchants to confirm that they follow the security rules by which larger merchants must abide. The big card network says that beginning Jan. 31, 2017, merchant acquirers must annually validate compliance by their so-called Level 4 merchants with the Payment Card Industry data security standard. Other …
Read More »In-App Payments: A Juicy Channel for Apple Pay
The crucial role in-app payment plays in mobile-wallet usage emerged in high relief last month in a report showing that almost one-third of all Apple Pay credit card transactions made in the previous five months by surveyed consumers occurred within a merchant app rather than in a store. Over the …
Read More »Its Portfolio Sold, Chase Exits the ISO Business
Portfolios of independent sales organizations are bought and sold with fair regularity, but a deal that closed as 2016 dawned begged notice because of who the seller was. Merchant processor First American Payment Systems L.P. bought the ISO portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking …
Read More »Why Transit Is Boarding the Mobile-Payments Train
Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and youäó»re more likely to see passengers using smart phones to read news reports, listen …
Read More »The $8 Billion Problem
Card-not-present fraud isnäó»t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are high. …
Read More »Visa Tightens the PCI Harness
Visa Inc. wants small merchants to confirm that they follow the security rules by which larger merchants must abide. The big card network says that beginning Jan. 31, 2017, merchant acquirers must annually validate compliance by their so-called Level 4 merchants with the Payment Card Industry data security standard. Other …
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