You could be forgiven for neglecting the battle between merchants, on the one hand, and banks and payments networks on the other, over acceptance costs for payment cards. After all, the conflict is a long-running affair, and other issues have crowded onto the scene in recent months. But this summer …
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Visa Adopts Contactless Transit Incentive and other Digital Transactions News briefs from 8/30/21
Visa Inc. and JPMorgan Chase & Co. said they will donate a dime to New York Cares through the month of September, up to a limit of $250,000, for each tap riders perform with a Chase Visa contactless card on subways or buses operated by New York City’s Metropolitan Transportation Authority.VPay, …
Read More »LaCore To Offer Sezzle to Merchants and other Digital Transactions News briefs from 8/26/21
Merchant services provider LaCore Payment Technologies said it is now offering Sezzle Inc.’s buy now, pay later service to its merchants. Sezzle is integrated into LaCore’s gateway.Google Pay’s expected revamp may be delayed because of staffing issues, reported tech site ArsTechnica.com. Several Google Pay employees have left amid uncertainty about the transition to the …
Read More »Questions Loom Over What Caused the TSYS Outage And the Fallout From It
Nearly four days after mega-processor Total System Services’ platform went offline, independent sales organizations that use the TSYS platform remain in the dark as to how and why the outage occurred. The outage, which has been described as a nationwide event for TSYS, occurred Saturday night and prevented TSYS, as …
Read More »Fiserv Expands Vending Operations Across Europe in a Deal With Operator Selecta
Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …
Read More »Delivery Delays Spawn 45% of Chargebacks and other Digital Transactions News briefs from 8/23/21
Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.Payment processor EirthPay announced its launch. …
Read More »REGO Will Introduce a New Version of Its Mobile Wallet for Teens And Kids
REGO Payment Architectures Inc. said Friday it will make version 3.0 of its Mazoola mobile wallet app and virtual debit card available in the Apple Store on Aug. 27. The Mazoola wallet is designed to help parents empower their kids to learn how to manage money in a digital world …
Read More »GoCardless And Piano Partner to Help Publishers And Brands Drive Recurring Revenue
As part of its strategy to enable merchants to access direct debit payments through software they use already, GoCardless, a London-based provider of account-to-account payment solutions, is partnering with analytics and activation-platform provider Piano to deliver debit capabilities on the automated clearing house network to publishers and brands. The ability …
Read More »Pulse Debit Study: Online And Contactless Usage Surges While Wallets Assert Themselves
The story of debit cards in the pandemic year of 2020 turns out to have several chapters—including higher average tickets, a sharp swing to card-not-present usage, a dramatic surge in contactless adoption, and higher mobile-wallet usage. Meanwhile, account-to-account transfers turned out to be the fastest-growing form of debit, though usage …
Read More »A 4X Increase in Phishing Attack Costs and other Digital Transactions News briefs from 8/17/21
The overall costs of phishing attacks on businesses have nearly quadrupled since 2015, rising from average losses of $3.8 million per company in 2015 to $14.8 million in 2021, according to research from cybersecurity and compliance company Proofpoint Inc. and Ponemon Institute.Uplift Inc., a buy now, pay later provider specializing in travel, …
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