Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …
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Securing Merchants in an Inflated Economy
Strategies to Boost Sales and Safeguard Your ISO Business By Matt Nern, Managing Partner, SignaPay Investors received unsettling news recently as U.S. consumer prices for September surpassed expectations, hinting at persistent inflation and sparking debates on another potential interest rate hike by the Federal Reserve in November. The evolving pricing …
Read More »3-D Secure Use Drives Down CNP Fraud Rates, Report Finds
Merchants and financial institutions that use 3-D Secure to help vet online transactions in markets that require its use see fraud rates that are three to six times lower than for all card-not-present transactions. That’s one finding from a Outseer-sponsored report completed by the research and consulting firm Datos Insights. …
Read More »Bluefin in ID Tech Deal And Other Digital Transactions News briefs from 11/27/23
Payments provider Bluefin announced it is working with ID Tech, a payments-technology firm, to provide Bluefin clients with Advanced Encryption Standard (AES) technology validated by Payment Card Industry data-security rules. Mobile apps have accounted for 11% of e-commerce holiday-season sales volume so far, up from 9.6% last year, according to data from Signifyd, …
Read More »A New York Times Op-Ed Video Favoring the CCCA Sparks a New Tussle Over the Bill
The Electronic Payments Coalition issued a press release late Tuesday taking issue with a New York Times op-ed video that argues merchants and consumers already pay a high price for rewards cards and expresses support for the Credit Card Competition Act. In its rebuttal responding to the video, Richard Hunt, …
Read More »Marqeta in BNPL Deal And Other Digital Transactions News briefs from 11/22/23
The U.S.-based card-issuing platform Marqeta Inc. announced it is working with Credi2, a Europe-focused provider of embedded-finance technology, to offer a buy now, pay later service tailored for bank cards. Topper, a fiat-to-crypto utility that is part of the Uphold financial platform, has added Apple Pay and Google Pay as payment options …
Read More »As Online Phishing Attacks Mushroom, E-Commerce Merchants Are Favored Lures
More than 30 million phishing attacks were launched against online stores, payment systems, and banks during the first 10 months of 2023, according to the latest report from Kaspersky Labs, a Moscow-based cybersecurity and antivirus provider operated by a holding company in the United Kingdom. E-commerce platforms bore the brunt …
Read More »AppBrilliance Lands Truist Outlay And Other Digital Transactions News briefs from 11/21/23
Real-time account-to-account payments provider AppBrilliance announced it closed an investment from Truist Ventures, the venture-capital arm of Truist Financial. Terms were not announced. AppBrilliance works with The Clearing House’s Real Time Payments network as well as FedNow, the real-time network from the Federal Reserve. Pay Plantation LLC, whose payment gateway allows merchants to accept e-checks …
Read More »COMMENTARY: COTS Is a Myth–a Positive, Hopeful One, But a Myth Just the Same
The use of customer off the shelf (COTS) technology suggests that a merchant can leverage personally procured Android or Apple devices to execute point-of-sale operations. Even in today’s rapidly evolving payment technology, it’s a bold assumption. Such an implementation poses significant security challenges beyond contravening numerous acquiring and payment card …
Read More »Zelle’s New Education Campaign And Other Digital Transactions News briefs from 11/14/23
Zelle, the person-to-person payment service from Early Warning Services LLC, said it will launch a consumer education campaign video series this month to help educate consumers how to spot and avoid financial scams, specifically imposter scams. Zelle, in a statement to Digital Transaction News, also said most Zelle transactions—99.9%—are without any …
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