January 16, 2023
Acquiring, Competitive Strategies, Marketing, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Retail-technology provider Toshiba has agreed to incorporate biometric identification technology from PopID into its point-of-sale and self-service devices running on Toshiba’s Elera Commerce Platform. PopID’s technology relies on facial-recognition software. Ingenico launched its Axium Retail Core capabilities for its Axium point-of-sale terminals that can ease integration efforts. Payments provider FreedomPay said it has integrated its services with the …
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December 7, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
The messaging app Clickatell added updates to its Chat Commerce Platform, including a new integration of Chat 2 Pay, which allows travel brands to accept payments as part of business messages. The card-issuing platform Marqeta Inc. announced it has integrated Mastercard Track Instant Pay, which enables immediate payment of supplier invoices. The virtual-card platform Extend announced …
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December 2, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, E-Commerce, Electronic Bill Payment, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Buy now, pay later provider Splitit Inc. said data from the Black Friday and Cyber Monday shopping events found that the top spending categories on its platform were electronics, fine jewelry, fitness and outdoors, home furnishings, and health and beauty, based on merchant sales volume. Consumers have hidden bill pay costs of …
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October 27, 2022
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions
Tyler Technologies, a specialist in government services and payments, said it will acquire Rapid Financial Solutions, a provider of payments, card issuance, and digital disbursement services, for $68 million. The deal is expected to close in the fourth quarter.Prepaid card specialist InComm Payments has acquired The Card Network, a gift card issuer based …
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October 21, 2022
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Fraud prevention services provider Signifyd launched Fearless Payments, a suite of services to help payment service providers increase authorization rates. Among its features are automated risk decisions, authorization rate optimization, and chargeback guarantees on all approved orders.Diebold Nixdorf Inc. announced it will integrate fraud-prevention technology from Featurespace into its Vynamic payments-processing platform.CSG Forte, …
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October 5, 2022
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Real-time Payments, Transaction Processing
The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …
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September 15, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency will begin to identity potential “interpretive guidance or rules to issue with the goal of ensuring that Buy Now, Pay Later firms adhere to many of the baseline protections that Congress has already established for credit cards.” This …
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September 8, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Transaction Processing
In an effort to combat the rise of financial crimes, such as fraud, Socure Inc. has enhanced its know your customer (KYC) identity-verification solution. Socure says the update gives customers stronger tools—such as reason codes and field-validation intelligence, which tests the results of machine-learning models against live data—to verify the …
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August 22, 2022
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Law and Regulation, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Digital identity, new ways to move funds, the speedy pace of innovation, and changing consumer payment preferences are all quickly altering the payments arena, suggests the latest payments report from Deloitte Consulting LLP. “The things that really stood out the most for us when we looked at the data is …
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August 3, 2022
Acquiring, Competitive Strategies, Digital Currency, Kiosks & Ticketing Machines, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …
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