December 20, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Wallets, Transaction Processing
Mobile-commerce platform PredictSpring said it developed a mobile-shopping app and store-associate app that provides a buy-online, pickup-in-store function for BevMo!, a specialty-beverage retailer. Synchrony Financial announced it will provide private-label credit card services to Qurate Retail Group, parent company of HSN, beginning in 2019. Synchrony also extended existing deals with …
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December 18, 2018
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Transaction Processing
Atom Tickets released a skill for Amazon Alexa, the retailer’s voice-assistant technology. Users can learn what movies are playing nearby and buy tickets using voice commands. The skill is integrated with Amazon Pay. Extend, a digital distribution platform for credit cards, registered with the Visa Ready program for business solutions, …
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December 13, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Law and Regulation, Pricing, Transaction Processing
A number of U.S. payments providers have expanded overseas in recent years, and now more may have an incentive to do so if recent research showing robust growth in merchant acceptance is any indication. The number of physical stores or outlets accepting payment cards worldwide reached 69.2 million last year, …
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December 13, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Mobile Wallets, Person-to-Person Payments, Transaction Processing
The Federal Trade Commission announced a settlement with two defendants accused of laundering nearly $6 million in credit card charges through fraudulent merchant accounts. Lightspeed, developer of a cloud-based point-of-sale system, released Lightspeed Loyalty, a service that offers merchants a rewards program, automated marketing, customer data reporting, and, for restaurants, …
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December 11, 2018
E-Commerce, Fraud & Security, Issuing/Originating, Transaction Processing
Large companies are getting bombarded by approximately 530 bot attacks per day, and the vast majority of more than 200 firms surveyed have at least one person on their security teams devoted solely to bot defense, according to Osterman Research Inc. Osterman, a Black Diamond, Wash.-based research firm that works …
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December 11, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Transaction Processing
Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …
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December 7, 2018
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Transaction Processing
7-Eleven Inc. is among the latest retailers to empower consumers to become their own point-of-sale checkout when they use an app on their smart phones. A central component of that capability is the image-capture tool built into the app. The 7-Eleven Scan & Pay service, which is in tests now and …
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December 5, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Pricing, Transaction Processing
Merchants using the point-of-sale system from National Retail Solutions Inc. soon will have the ability to use a potentially crime-thwarting value-add feature. The Newark, N.J.-based company is adding a silent alarm feature to its POS system. Expected to be available by the end of the first quarter, the feature involves …
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December 4, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Pricing, Transaction Processing
European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …
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December 3, 2018
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Transaction Processing
Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …
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