Friday , November 15, 2024

Search Results for: card data

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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Dwolla And MX Aim at a Broader Approach to Open Banking

The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …

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CFPB Readies BNPL Rules Effort And Other Digital Transactions News briefs from 9/15/22

Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency will begin to identity potential “interpretive guidance or rules to issue with the goal of ensuring that Buy Now, Pay Later firms adhere to many of the baseline protections that Congress has already established for credit cards.” This …

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Fiserv’s Clover Will Install 1,000+ Devices Across Three New Orleans Venues

The trend toward cashless sports stadiums continues to roll like a juggernaut. ASM Global, a provider of convention-venue management and event strategy and producer of entertainment events, is installing more than 1,000 point-of-sale devices from Fiserv Inc.’s Clover Sport unit across three New Orleans sports and entertainment venues. The three …

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A Lack of Payment Choices Figures in the Reasons Why Online Shoppers Walk Away

An absence of such payment features as one-click checkout and alternative payment methods at shopping sites is contributing to an overall cart-abandonment rate for online merchants that came to 75.7% of carts initiated in the year through March, according to a study released late Tuesday. The report, from Coresight Research …

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Merchants United Picks AI Service for Statement Analysis

In a move to automate much of the task of analyzing merchant statements, Merchants United LLC said it will use nRoad Inc.’s platform, which analyzes unstructured data in an effort to extract useful information from it. Charleston, S.C.-based Merchants United said the technology will help its bottom line because it …

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Aurora Payments Bulks up With Its Deal for the ISO One Payment

Aurora Payments LLC, which specializes in integrated-payments technology for small to medium-size businesses, has acquired One Payment, a Florida-based fintech payment company, for an undisclosed sum. One Payment services more than 6,000 merchants, with a focus on minority-owned small and medium-size businesses. The company processes more than $1 billion in …

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PayNearMe Adds Kansas, Its 20th State for iGaming And Sports Betting

PayNearMe Inc. has added one more state for its iGaming and sports-betting processing business. The latest expansion, to Kansas, brings to 20 the number of states in which the payments and electronic billing platform provider has iGaming operations. The expansion also comes just as the collegiate football and National Football …

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When Payments Go Abroad

Cross-border payments are a huge business. Here’s what banks and a handful of non-bank specialists are learning from fintechs about how to get better at it. Whether it’s a transaction initiated by an overseas worker sending money home or a business sending a payment to an out-of-country supplier, the dollar …

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The Digital Dollar Project Launches a ‘Sandbox’ to Explore the Technology for a U.S. CBDC

While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …

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Digital Transactions