Friday , November 15, 2024

Search Results for: digital payments

CardX Wins Its Kansas Surcharging Suit. Surcharging Bans Remain in Only Three States

CardX LLC, a surcharging-services provider, can now add another state to the list of places where it can do business. A federal judge ruled Thursday surcharging cannot be prohibited in Kansas. The decision leaves just Colorado, Massachusetts, and Connecticut with outright no-surcharge rules on the books. Filed May 29, 2020, …

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Why PCI Is Refreshing Its Software Lifecycle Standard—And Retiring PA-DSS

The growing number of attacks targeting third-party developers’ payment applications, as well as the third-party applications into which the payments capabilities are integrated, is the impetus behind the PCI Security Standards Council’s decision to update the PCI Secure Software Lifecycle standard. Introduced this month, PCI Secure SLC Standard v1.1 is …

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Why NMI Has Scooped up Long-Time Gateway Provider USAePay

Payment platform provider NMI’s acquisition of gateway provider USAePay for an undisclosed sum is based on the rationale that it better positions NMI to meet merchants’ need for connected, multichannel payment technology, which has become especially valuable in the face of the pandemic. It also bolsters NMI’s economies of scale. …

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As Users Flock to Cash App, the Product Delivers Nearly Half of Square’s Profit

Square Inc. started out in 2009 as a slick new way for micro merchants and small sellers to get sophisticated point-of-sale gear along with payment processing. On Tuesday, the company showed it’s still getting more than half its gross profit from its merchant business, but its Cash App trade is …

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With a Federal Lawsuit, Intuit Challenges the Card Networks’ Interchange Regime

Lawsuits brought by merchants against Visa Inc. and Mastercard Inc. have become almost routine for the two network giants, but now they face an unusual action—a suit from Intuit Inc., which is not only a card-accepting merchant but also an independent sales organization and payment facilitator. Filed Feb. 19 in …

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Pandemic Or No, Boomers Are Still the Slowest to Adopt Mobile Banking And Contactless

While the Covid-19 pandemic has deepened consumers’ reliance on contactless payments, as well as digital and mobile banking, a generation gap exists when it comes adoption of those technologies, separate reports from Oxygen, a San Francisco-based financial-platform provider, and digital consulting firm Mobiquity, have found. Of the more than 1,000 …

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Having Exhausted Covid Scams, Criminals Are Returning to E-Commerce Fraud And Malware Attacks

Now that criminals have milked the bulk of their opportunities related to pandemic relief efforts, they are turning their attention back to their old standby, payments-related fraud. Not surprisingly, their target of choice is e-commerce, which has rocketed due to restrictions on the number of consumers allowed in physical stores and …

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Discover Taps Into the Fast-Growing POS Lending Trend Through BNPL Specialist Sezzle

The economic uncertainty brought on last year by the coronavirus pandemic has given a lift to the point-of-sale installment lending trend, with payments giants like PayPal Holdings Inc. jumping into a market that has been pioneered by fast-growing buy now, pay later startups like Affirm Inc., Afterpay Ltd., Klarna AB, …

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Google’s Link to Passport Is Part of a Broader Plan to Extend Google Pay to Parking And Transit

Passport Labs Inc., a provider of transportation software, announced Wednesday it is expanding its integration with Alphabet Inc.’s Google to enable payment for parking within Google Maps in more than 400 cities, including Boston, Cincinnati, Portland, Me., Norfolk, Va., Cheyenne, Wy., Westminster, Colo., and Green Bay, Wis. The integration of …

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In a ‘Future That Arrived Early,’ Shopify Invests to Capitalize on Trends Accelerated by Covid

While many payments companies have had their hands full contending with the many impacts of the Covid-19 pandemic, payments firms with e-commerce platforms have thrived as consumers flocked to online buying. Shopify Inc. demonstrated Wednesday just how much it’s investing in shopping and payments apps to capitalize on the growth …

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