Credit Sesame, which allows consumers to access their credit information, launched a Mastercard debit card called Sesame Credit Builder. The card is aimed at enabling consumers to build a credit history via routine transactions. NCR Corp. announced the U.S. Securities and Exchange Commission has declared effective a Form 10 registration statement …
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Shift4’s Isaacman Decries Rivals’ Fees As the Company Finally Closes in on Adding Finaro
The top brass at fast-growing payments processor Shift4 Payments Inc. indicated early Thursday the company is banking on sophisticated platforms like its SkyTab point-of-sale system in the face of rivals’ efforts to hit hotels and restaurants with additional fees. The Allentown, Pa.-based company is also looking to expansion in Europe …
Read More »Eye On E-Commerce: Online Shoppers Value Payment Security and Fraud Prevention; Instacart Adds New Features
Payment security and fraud play a key role in cart abandonment for e-commerce merchants, according to a study by e-commerce solutions provider Radial Inc. The study found that 48% of respondents cited Web site security and 45% listed security of personally identifiable information as their primary reasons for shopping cart …
Read More »Keyo’s Hand Scanner Debuts And Other Digital Transactions News briefs from 7/19/23
Keyo, a provider of digital-identity technology, released its Keyo Wave+ hand scanner for payments, access control, ticketing, and other uses. Visa Inc. has renewed an agreement to be the exclusive payment-services provider for the U.S. Women’s and Men’s National Soccer Teams. Buy now, pay later provider Afterpay Ltd. said it has added “thousands” of new …
Read More »Alleging Illegal Credit Card Practices, the CFPB And OCC Fine BofA
Bank of America Corp. has again run afoul of the Consumer Financial Protection Bureau for alleged illicit credit card practices. On Tuesday, the CFPB and the Office of the Comptroller of the Currency announced they are fining the banking giant $150 million for double-dipping on fees imposed on customers with …
Read More »Adyen Adds Tap to Pay on Android And Other Digital Transactions News briefs from 7/11/23
Point-of-sale technology provider Adyen NV has added Tap to Pay on Android, which allows merchants to accept contactless card payments directly on a mobile device with no additional hardware. Adyen is adding the technology initially in the United States and Singapore. Checkout.com launched Identity Verification, a tool based on artificial intelligence that allows …
Read More »It’s Time for Congress to Dump the CCCA And Modify the Durbin Amendment, a Report Argues
With proposals aimed at controlling merchants’ costs for accepting credit cards having re-emerged in Congress, research has been emerging on both sides of the issue this summer as advocates for sellers and card issuers compete to influence any eventual legislation. The latest thrust appeared Monday with a research report arguing …
Read More »Merchants Will Reap $15 Billion From the CCCA, Says One Researcher
As proponents and adversaries wrangle over the newly resurrected Credit Card Competition Act, a market-research firm has raised by more than one-third its estimate of how much the bill could save U.S. merchants. A year ago, the firm, Atlanta-based CMS Payments Intelligence Inc., calculated the bill would result in $11 …
Read More »Volt’s Gateway on Shopify And Other Digital Transactions News briefs from 6/14/23
The Canada-based commerce platform Shopify announced it has added the payments gateway Volt, allowing Shopify merchants in Europe, the United Kingdom, and Brazil to process real-time account-to-account payments. In related news, payments platform Netevia announced updates to its banking-services features, including free account-to-account transfers. The free period extends until the end of the year. …
Read More »Canadians Prefer Personal Financial Management Tools for Credit Card and Banking Apps
Card issuers and banks in Canada that offer apps featuring personal financial management tools are scoring higher in customer satisfaction and engagement than issuers and banks that don’t, according to research by J.D. Power. In a series of studies conducted earlier this year, J.D. Power found that many Canadian banks …
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