European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

There are no perfect solutions for account-takeover fraud, but tactics such as consumer education and prevention at log-in can make a big difference, says Rich Huffman. According to Javelin Strategy & Research’s report entitled, “2018 Identity Fraud: Fraud Enters a New Era of Complexity,” account takeovers (ATOs) tripled in 2017, …

There are plenty of good bots out there, but the bad ones are making life difficult for financial institutions and merchants. And it’s only getting worse. What’s to be done? To paraphrase Glinda, the good witch in L. Frank Baum’s Oz novels and the 1939 film The Wizard of Oz: …

The payments industry changes quickly as new regulations and market demands force continual improvement. Legacy systems struggle to keep up, and the ISOs on those platforms feel the pain. PaymentSpring felt it was time to change that by creating a flexible new processing platform that gives ISOs and software providers …

Amazon.com Inc.’s strategy to push its Amazon Pay wallet into physical stores could depend crucially on its ability to cut payment-processing costs and generate marketing advantages for merchants, including Groupon-like incentives, experts tell Digital Transactions News. The new strategy has been in the works at least since 2017 but reached …

Add e-commerce platform Shopify Inc. to the roster of entities that experienced record sales during the recent holiday-shopping weekend, reporting $1.5 billion in volume from Friday through Monday. Two-thirds of that came from mobile transactions. Mobile commerce took the top spot on Cyber Monday, the Monday following Thanksgiving, according to …

The United Kingdom’s Competition and Markets Authority announced Monday that its initial investigation has found that PayPal Holdings Inc.’s September acquisition of Swedish processor iZettle AB could reduce competition or raise prices in the payments market. But whether the antitrust regulator will unwind the deal is far from certain. “While …

More consumers took to their smart phones this past Friday, known as Black Friday, at the expense of shopping online with a desktop computer, finds Akamai Technologies, a Web-services company. Consumers using mobile devices accounted for 57.6% of online shopping on Nov. 23, compared with 35.9% for those using desktop …

Bitcoin’s return to volatility in recent days isn’t the only issue the digital currency confronts as it seeks to establish a toehold in the world of payments. As it turns out, its use in actual payment transactions is shrinking fast, according to numbers compiled by Chainalysis Inc., a New York …