March 11, 2021
Acquiring, Competitive Strategies, Marketing, Transaction Processing
Payment-technology provider Galileo Financial Technologies opened its Latin American headquarters in Mexico City, the company’s first office outside the United States. Galileo is a unit of Social Finance.NTT Data Corp. launched Platea Banking, a digital-banking platform aimed at helping financial institutions modernize back offices to support open banking.Payment gateway Exact Payments LLC appointed Ravi Rajamiyer …
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March 9, 2021
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Person-to-Person Payments, Point-of-sale
Some 47% of U.S. adults have reported identity theft over the past two years, while the fraud’s toll ballooned to $712.4 billion in 2020, up 42% from 2019, according to a report released Tuesday by Aite Group, a Boston-based research and consulting firm, and sponsored by Giact, an Allen, Texas-based …
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March 8, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the …
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March 4, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Cash purchases fell to historic lows in 2020 as consumers shifted their payment preferences to contactless technologies such as mobile wallets, according to the 2021 Global Payments Report by Worldpay from FIS Inc. Cash transactions represented just 20.5% of global point-of-sale volume in 2020, down from 30.2% 2019, according to …
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March 3, 2021
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Mobile marketing specialist Vibes said brands sent 400% more mobile messages for buy online pickup in store and buy online pickup at curbside services in the 2020 fourth quarter than they did in the 2019 fourth quarter. Vibes predicted that both pickup options will continue to grow 45% in 2021.London-based digital payouts …
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March 2, 2021
Acquiring, ATMs, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
ACI Worldwide Inc. said its ACI Payments Inc. unit will support an Internal Revenue Service initiative to allow taxpayers, including those who are unbanked or underbanked, to make cash payments through a new digital barcode feature from ACI and InComm Payments’ VanillaDirect Pay unit.P97 Networks Inc., a provider of mobile payments …
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March 1, 2021
Automated Clearing House, Competitive Strategies, Fraud & Security, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
In an effort to move automated clearing house transactions closer to real-time, E-Complish, a New York City-based payment processor, announced Monday it has teamed with data network Plaid Inc., to validate a bank account, and the funds in it, for ACH transactions. The service makes it possible for E-Complish customers …
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March 1, 2021
Competitive Strategies, E-Commerce, Point-of-sale, Transaction Processing
Among its many impacts, the coronavirus pandemic has simultaneously interrupted and accelerated a slew of business trends. To see this dynamic in action, look no further than the investment pattern of the middle market over the last two years. When we set out to track how middle-market companies have been …
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March 1, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Buy now, pay later specialist Klarna AB raised $1 billion in an oversubscribed equity funding round that pegged the company’s valuation at $31 billion. Major U.S. clients include Macys, Etsy, Sephora, Ralph Lauren, and Urban Outfitters.In related news, BNPL provider Splitit Payments Ltd. announced its merchant sales volume increased almost 180% in 2020 to …
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February 28, 2021
The two big card networks have made no bones about their interest in supporting cryptocurrency transactions, and last month both made major moves in that direction. The actions came as the value of the leading virtual currency, Bitcoin. has soared to record highs in recent months. The bigger move came …
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