The PTW community helps women break through barriers to achieve career goals in the payments industry. Tiny ideas that are against the norm can take on a life of their own, leading to systemic change. Just ask Holli Targan, Diane Faro, Mary Gerdts, and Linda Perry, four women who came …
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Is Generative AI More Friend Than Foe?
GenAI carries risks, some not yet well-known. But its potential to transform payments is too compelling to ignore. Generative AI has been described as a Gold Rush for businesses looking to cash in on the better user experiences and operating efficiencies it is said to create. It has also been …
Read More »Roller Launches Analytics and other Digital Transactions News briefs from 4/30/24
Roller, a developer of payments and management technology for attractions and events, launched Analytics, a platform incorporating technology from Google’s BigQuery offering to generate business insights. The average ransom payment to decrypt data locked up by cyberthieves is now $2 million, up five-fold from a year ago, according to data …
Read More »As EV Charging Stations Spread, New Payment Terminal Controllers Rise in Priority
Microchip Technology Inc. has launched a new line of touchscreen controllers aimed at making unattended payment terminals at electric-vehicle charging stations more secure. The new line of controllers, which are part of Microchip Technology’s maxTouch family of touchscreen controllers, encrypt data that flow into the terminal via the touch screen, …
Read More »Visa Joins the Amazon Partner Network As Fintechs Turn to the Cloud for Payments Acceptance
Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said. The …
Read More »Steady Consumer Spending Helps Buoy Visa As It Strikes Deals for Open Banking
Citing “relative stability” across key business metrics, such as cross-border volume, Visa Inc. late Tuesday reported March-quarter increases of 10% year-over-year in both net revenue ($8.8 billion) and net income ($4.7 billion). Driven by stable consumer spending, dollar volume grew 8%, while total cross-border dollar volume grew 16% and processed …
Read More »Square Broadens Offline Mode and other Digital Transactions News briefs from 4/24/24
Block Inc.’s Square point-of-sale unit announced offline-payments capability is now available on all Square devices in all geographies around the world. The move covers Square Stand and Square Reader for contactless and chip, in addition to Square Register and Square Terminal. Square Reader for magstripe, the original Square device, has been covered …
Read More »Despite Increasing Ransomware Attacks, Fewer Victims Are Paying
Despite a spike in ransomware attacks, fewer companies are paying ransom demands to free their data. A report from ransomware-remediation firm, Coveware Inc. reveals that just 28% of companies hit by a ransomware attack during the first quarter of 2024 paid, a record low. The trend comes as ransomware attacks …
Read More »Time Will Tell on How Soon Pay by Bank Goes Mainstream
Open banking, the ability for third-party developers to access financial data in traditional banking systems, as defined by Stripe Inc., may provide one component for a new payment type, at least one that has limited use today. Pay by bank, a payment method that enables an online payment without the …
Read More »Visa Launches Enhancements for its Acceptance Platform
Visa Inc. on Wednesday unveiled enhancements intended to further remove friction from the customers’ payment experience for merchants of all sizes. The enhancements, which are being launched on Visa’s Acceptance Platform, were developed in response to merchants’ needs for simpler implementation of payments technology, Visa says. The enhancements include Developer …
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