May 26, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
ACI Worldwide Inc. said its real-time payments platform, UP Immediate Payments, has added application programming interfaces to ease integration with mobile wallets, e-commerce portals, bill-pay apps, social-media payments, and other applications.Payments provider Klarna AB said it has an agreement with musical-instrument maker Fender to provide a payment option offering four equal installments on …
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May 21, 2020
Acquiring, Competitive Strategies, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Citcon USA LLC said Tulip Retail Inc., a provider of mobile apps used by store clerks at major retail chains, will deploy Citcon’s mobile-payments technology to enable acceptance of Alipay, WeChat Pay, and UnionPay QR. A 5-year-old startup company, Citcon specializes in enabling U.S. merchants to accept China-based mobile-payments apps. …
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April 22, 2020
Competitive Strategies, Debit Cards, Marketing, Mobile Wallets, Prepaid Cards
With consumers contending with the effects of the Covid-19 pandemic, rewards offered by the card networks could take on added importance. Blackhawk Network is counting on that, and has introduced a capability for mobile-phone users to add digital rewards to their Apple Pay, Google Pay, or Samsung Pay wallets. Working …
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April 22, 2020
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Electronic Bill Payment, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
American Express Co. launched “Stand for Small,” a platform of more than 40 companies who have agreed to lend expertise to small businesses impacted by the effects of the Covid-19 pandemic.The World Bank predicted in a new report that global remittances will fall by about 20% this year because of the economic crisis …
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April 17, 2020
Competitive Strategies, E-Commerce, Issuing/Originating, Marketing, Prepaid Cards, Transaction Processing
Among payment devices, gift cards are unique in that they can promote a business as well as enable payments at the store or online. That’s an edge at a time of a pandemic, and now technology platforms that support digital gift cards are leveraging that advantage. Yiftee Inc. late on …
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April 9, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mergers & Acquisitions, Point-of-sale, Prepaid Cards, Pricing, Transaction Processing
Payments-software provider Repay Holdings Corp. said it has integrated with lending-software vendor TurnKey Lender Inc., allowing financial institutions to fund loans at any time of day and accept loan payments by card or via the automated clearing house network through TurnKey’s platform or through mobile apps or other channels available to consumers.Upgrade …
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April 1, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …
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February 27, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square …
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February 20, 2020
Acquiring, Competitive Strategies, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Pricing, Transaction Processing
Mobile wallets aren’t the revolutionary products they were a few years ago, but as more and more entities launch new ones across the world, the apps are getting much more diverse and cheaper to use. That’s because, while sponsors continue to battle for adoption, they’re finding pricing to be a …
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January 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …
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