Mercedes-Benz’s new Mercedes pay+ in-car payment service is coming to five models manufactured by the Germany-based luxury-car maker. Though earlier efforts from a variety of car makers put in-car payments on the road, Mercedes-Benz is the first, with its Mercedes pay+ technology, to use Visa Inc.’s Delegated Authentication and Cloud …
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Spreedly’s Multiple Integrations And Other Digital Transactions News briefs from 3/7/23
The payments orchestration platform Spreedly announced integrations to Venmo, PayPal Credit, PayPal Pay Later, and automated clearing house payments for clients of PayPal and Spreedly who process through PayPal’s Braintree unit. In related news, payments provider CellPoint Digital said airline Icelandair will use its Velocity payment orchestration platform to access payment providers in countries …
Read More »Will Visa Follow Through on Lowering Its Credit Card Surcharge Cap in April?
Visa Inc. may be readying a lower cap on credit card surcharges—moving from 4% to 3%—in April, but there’s no guarantee it will happen then. While a bulletin sent to large acquirers says the change to the brand rules will go into effect April 15, its implementation could be delayed, …
Read More »A Looming Capitol Hill Meetup Triggers A Renewed Assault on Efforts to Cap Credit Card Costs
As industry lobbyists prepare to converge on Capitol Hill next week, payments interest groups are issuing salvos designed to move the argument over limits on credit card acceptance costs in their favor. One such advance move came Thursday with an email campaign launched by the Electronic Payments Coalition citing a …
Read More »Western Union Expands Its U.S.-to-Cuba Remittance Pilot
Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …
Read More »Doing Transit Payments Right
These days, reaping the benefits of account based ticketing requires knowledge, vision, and planning. Account based ticketing (ABT) is not a new technology in the transportation industry. In fact, smart ticketing—from card-based to account-based—has been around for decades, dating back to the 1980s. The obvious appeal to riders initially was …
Read More »Card Skimming Grew Dramatically Last Year And Shows No Signs of Slowing Down
Instances of card skimming were up in the United States in 2022, with more than 161,000 impacted cards identified, a five-fold increase over 2021, and a more than three-fold increase in the total number of cards compromised, according to FICO (formerly Fair Isaac Co.). In addition, 3,000 unique financial institutions …
Read More »Zelle Sees Promising Growth in Small Business Payments As It Confronts Senators’ Scam Probe
Early Warning Services LLC, operator of the Zelle peer-to-peer payments network, is celebrating a year just passed in which both dollar volume and transactions processed rose at double-digit rates. But the company also has its eye on promising markets like small businesses and on countering charges from U.S. Senators about …
Read More »Repay Sells a Software Unit And Other Digital Transactions News briefs from 2/16/23
Payments provider Repay Holdings Corp. said it has sold its Blue Cow Software LLC unit to PDI Technologies Inc., a software provider for convenience stores and petroleum-related companies. Terms were not disclosed. Blue Cow came to Repay in June 2021 as a result of Repay’s $503-million acquisition of BillingTree in 2021. Digital identity and fraud prevention …
Read More »Georgia Takes Aim At Interchange Levied on Sales Tax
Georgia has joined a small but growing number of states that have introduced legislation to ban the portion of credit and debit card transaction fees that apply to sales tax. The Georgia bill, introduced late last week by Georgia state senator Billy Hickman (R-Statesboro), proposes prohibiting the fees from being …
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