American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …
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Shopify Tries a Store Strategy and other Digital Transactions News briefs from 10/12/18
E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …
Read More »NACHA Acquires the Business Payments Directory Association To Bolster B2B Payments Services
NACHA reported Monday that it has acquired the non-profit Business Payments Directory Association, a move that deepens the presence of the U.S. automated clearing house network’s governing body in business-to-business payments and provides an entrée into blockchain-based payments. Herndon, Va.-based NACHA said the BPDA will operate as a self-governed group …
Read More »Wells Releases Control Tower App and other Digital Transactions News briefs from 10/2/18
PayPal Holdings Inc. announced a partnership with the National Basketball Association’s Phoenix Suns that makes PayPal a payment option on some point-of-sale terminals in the Suns’ arena. The PayPal logo also will adorn players’ jerseys beginning Oct. 17, when the NBA season starts. Free Speech Systems LLC, the company behind …
Read More »How to Tell Which Next-Great-Thing Will Be the Next Great Thing
Separating probable success from probable failure, in four handy rules. Every October, the payments hype machine goes wild. A variety of next-great-things are about to dominate headlines and conference agendas. Most will die off quickly, so here are four rules you can use to focus in the right places: Talk …
Read More »The World Added 15 Real-Time Payments Systems in the Last Year, and 21 More Are Coming
The world currently has 40 real-time payments systems versus only 25 just a year ago, payment processor Fidelity National Information Services Inc. (FIS) reported Wednesday. What’s more, five such programs are under development, and another 16 should be live in 12 months to 18 months, Jacksonville, Fla.-based FIS says in …
Read More »Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18
Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
Read More »GAO Calculates Equifax Breach Impact and other Digital Transactions News briefs from 9/11/18
Georgia State University announced that the new Georgia FinTech Academy, a talent-development initiative involving Georgia’s 26 public institutions of higher learning, will have physical locations at Georgia State and in Atlanta’s Buckhead neighborhood. The FinTech Academy is supported by the Atlanta-based American Transaction Processors Coalition. One year after credit-reporting agency Equifax Inc. disclosed its …
Read More »Bitcoin Has Calmed Down—And Fees Have Gotten Cheaper—But Will Merchants Bite?
For all the gyrations Bitcoin and its enthusiasts have experienced over the past 12 months, the digital currency has managed to trace a relatively calm track lately. It remains, however, an acquired taste for users, and while some independent sales organizations have begun efforts in recent weeks to sell it …
Read More »Allied Wallet Releases Gateway API Tools and other Digital Transactions News briefs from 9/4/18
Yardi, a payment service for property managers, introduced a feature in its Yardi Bill Pay service that lets managers make payments using single-use Mastercard virtual card numbers issued by Fifth Third Bank. Allied Wallet released what it said are new open application programming interface tools for its payment gateway, NextGen. …
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