Payment gateway USAePay completed EMV certification for First Data Corp.’s Rapid Connect platform. USAePay said the certification enables merchants to accept EMV payments, particularly EMV PIN-debit transactions, via its mobile application. First Data Corp. launched a service for card issuers called FirstSense that combines threat intelligence with the company’s fraud-detection …
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Square’s Crypto Plans; 400,000 More Chip Merchants; ControlScan’s PCI-Friendly Service
First It Was Trading Through Cash App. Now Square Patents a Network for Crypto Acceptance
The business of getting merchants to accept cryptocurrencies like Bitcoin has started to attract independent sales organizations and payments-tech firms alike, and now Square Inc. has jumped in with a proposed service that some experts say could help the payments-technology powerhouse grab a share of online volume. The U.S. Patent …
Read More »Square Reader Adds Lightning Connection and other Digital Transactions News briefs from 8/30/18
ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …
Read More »Eye on Crypto: Square Takes Bitcoin to 50 States; A Former Top Visa Exec Touts Easier Transfers
Users of Square Inc.’s Cash App can now buy and sell Bitcoin in all states, according to a tweet the company sent at mid-day Monday. The Bitcoin capability, which Square introduced in November as a pilot, is hardly a major business for the San Francisco-based payments company, but it is starting …
Read More »Global Payments’s $700 Million Purchase; Square Vague on Bank Charter; USAT Lands Pepsi Contract
Will It Or Won’t It? Square Stays Vague on OCC Charter in Second-Quarter Earnings Call
Will Square Inc. apply for a national banking charter, now that the Office of the Comptroller of the Currency has opened the door to financial-technology firms? As of late Wednesday, the answer remains unclear. “We’re really well-positioned to broaden access to the financial system, which is our core purpose,” said …
Read More »eBay Adds Apple Pay Acceptance And Square Capital As It Unwinds Its PayPal Connection
Marketplace giant eBay Inc. will add Apple Pay acceptance for consumers and access to merchant funding via Square Inc.’s Square Capital this fall as the San Jose, Calif.-based company works on managing its own payments system. EBay is disengaging from payment services provided by PayPal Holdings Inc. In January, PayPal …
Read More »The ICBA Notches a ‘Victory’ Against Square, But Looks to Quash the ILC ‘Loophole’ for Good
Square Inc. may be planning to re-file its application for deposit insurance with the Federal Deposit Insurance Corp., but that isn’t stopping its main opponent from celebrating the fact that the company has withdrawn its original application—at least for now. “We can call it a victory,” Chris Cole, executive vice …
Read More »Square Withdraws Bank Charter App and other Digital Transactions News briefs from 7/6/18
Square Inc. has withdrawn a banking-charter application it made in September with the Federal Deposit Insurance Corp., saying it will re-file the application later after reviewing and strengthening it. A related application with the Utah Department of Financial Institutions remains active. Both applications are for an industrial-loan corporation, which is …
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