It’s been almost a decade since Square piled into the merchant-acquiring industry. How much disruption did this upstart cause? It’s late April of 2010 at automated clearing house governing body NACHA’s annual conference in the Seattle convention center. On stage before an audience of 2,000 bankers and other mostly buttoned-down …

Payment complexity, combined with a scarcity of engineering talent, makes a new functionality layer all the more urgent for merchants’ payment flows. “Orchestration” refers to software platforms and services that automate … business processes to help streamline and simplify operations management. By automating the configuration, management, and interoperability of disparate …

Lyft’s efforts to lower its costs may be emblematic of a broader initiative among so-called gig-economy firms to tame nettlesome factors like card-acceptance costs. It’s every merchant’s dream to chop card-acceptance costs to the bone. Historically, some sellers, especially those with very large credit and debit card payment volumes, purportedly …

A bank’s ability to deliver convenience and security is a high-stakes balancing act. Consumers value secure applications, but they don’t want the hassle that often accompanies multiple points of authentication. They want easy-to-use applications that facilitate fast and seamless financial transactions.  There has been no shortage of data breaches over …

Criminals figured out in 2018 how to really frustrate retailers. They automated their bots to create high-volume attacks against online merchants, finds the ThreatMetrix Cybercrime Report: H2 2018. Released Tuesday by ThreatMetrix, an anti-fraud company purchased by LexisNexis Risk Solutions last year, the report finds there were 5.5 billion bot …

PayPal’s octopus-like strategy covers everything from P2P payments, bill pay, and the point of sale to parting ways with eBay. Can Schulman and Co. keep all the balls in the air? PayPal Holdings Inc. president and chief executive Dan Schulman can’t be accused of making small plans. “We aspire to …

As if the payments business wasn’t enough of an alphabet soup, QR codes are now vying with NFC for dominance in mobile payments. Which technology will win out at the point of sale? In the United States, unlike many other parts of the world, near-field communication has been the favored …

Payments provider North American Bancard Holdings LLC said it is integrating its capabilities with retail-management and point-of-sale software provider Vend. The joint service will be available to retailers through NAB’s resellers. Digital Debit Group, a unit of Qondado LLC, released a Quick Response code-based app for iOS and Android devices …

Two ATM trade groups said Monday they are working together to assure their members get access to banking services in what the associations believe is a risk-averse financial climate. The National ATM Council Inc. and the ATM Industry Association said they signed a memorandum of understanding to jointly develop a …

On the heels of a robust holiday shopping season come some sobering statistics. The recently released 2018 “True Cost of Fraud” study by LexisNexis Risk Solutions shows a 35% increase in fraud for midsize to large e-retailers over 2017. In the retail sector, the monthly average of fraudulent transactions jumped to 306 from …