Saturday , November 9, 2024

Search Results for: high risk merchants

Time to Reform the CFPB

The Fifth Circuit’s ruling that the way the agency is funded is unconstitutional opens the door to rewrite its remit and take politics out of its decisions. Paraphrasing Leon Trotsky, payment systems, processors, fintechs, and financial-services firms may not be interested in the CFPB, but the CFPB is interested in …

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In the Clouds

The payments industry has forged a symbiotic relationship with cloud computing. That isn’t likely to be swept away any time soon. More than two years ago, Global Payments Inc. took a big leap into marrying cloud computing with payments. The big payment processor signed an agreement with Amazon.com Inc. to …

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16th Annual The 10 Most Pressing Issues in E-Payments

The payments business has moved on from the pandemic, but it faces a host of other issues. Here’s our annual catalog of the ones causing the most headaches. Welcome to Digital Transactions’ annual catalog of headaches—the problems, pitfalls, and perils facing the business of processing digital payments. We review these …

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Apple Pay Later Reconsidered

Apple’s venture into BNPL may prove more difficult for the computing giant than it thinks. When Apple officially announced its new Apple Pay Later feature this summer, many in the industry weren’t surprised. Yet it ushered in renewed anxiety for existing card-based BNPL market leaders, as it added another layer …

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Eye on Chargebacks: ACI Data Show Flat Fraud Attempts And Forter Debuts Smart Claims

Chargebacks are the bane of e-commerce retailers, but new data from ACI Worldwide Inc. indicate many may have them mostly in check. Separately, Forter launched Smart Claims, a product to help better manage chargebacks. Released Thursday, the new ACI data find that overall fraud attempts remained flat at 0.01%, despite …

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Electronic Verification Systems Launches New Front-End Card Authentication Tech

Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …

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Crypto Exchange FTX Announces an Internationally Focused Debit Card Branded by Visa

One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …

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Processing Innovation: Automating Integrated Payments

By Tom Byrnes, SVP, Marketing If you’re an Independent Software Vendor (ISV), one of the necessary elements of the business you’re in is a relationship with a payment processor. While the rest of the technology landscape has shifted to cloud-hosted platforms, processors have clung on to their mainframe-based legacy stacks …

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The CFPB’s Buy Now, Pay Later Report Offers a Regulatory Outline, But No Sweeping Overhaul

Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …

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POPcodes And Arcum Take on ISO Attrition Rates with Targeted Messaging

Having made a sale, independent sales organizations and merchant acquirers are loath to lose merchants to a competitor but they must contend with this turnover, called attrition, every day. POPcodes Inc., a smart point-of-sale terminal service provider, and Arcum Partners, an artificial intelligence firm, say they are working on reducing …

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