Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …
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Mastercard OKs Coinbase NFT Marketplace Use and other Digital Transactions News briefs from 1/18/22
Mastercard Inc. said it is enabling Mastercard-branded cards to be used for purchases on Coinbase’s upcoming NFT marketplace. NFTs, or non-fungible tokens, are digital goods.Accounting-automation company Bookkeep announced integrations with Stripe, Sage Intacct, and NetSuite. The company, which serves more than 600 retailers and restaurants, also offers links to Shopify, Square, Amazon, and …
Read More »Trends Like Open Banking And BNPL Will Sustain E-Commerce’s Hot Streak, a Report Says
Open banking, single-click checkout wallets, and the hot buy now, pay later trend will all help drive e-commerce volume worldwide in the coming five years, predicts Juniper Research in a report released Monday. This momentum is likely to push online sales long after the short-term impetus from the pandemic subsides, …
Read More »Eye on the POS: Texas Roadhouse Selects Sparkfly for Offers; Merrco’s POS System Marks U.S. Entry
Diners visiting Texas Roadhouse restaurants will soon be able to tap on digital offers in the Texas Roadhouse app thanks to a newly announced deal with Sparkfly, a retail services provider. In related point-of-sale news, Merrco Payments Inc. launched its expanded PayHQ service in the United States. Merrco specializes in …
Read More »Most Financial Services Firms Report Increases in Fraud Targeting Mobile
With mobile-device use firmly ingrained in consumer behavior, it’s little wonder that fraudsters are following these consumers. That’s very apparent in the latest LexisNexis Risk Solutions report, which found 98% of financial-services firms it surveyed reported that fraud targeting mobile has increased. These increases also meant the cost of the …
Read More »New Data From Mastercard Confirm the Explosion in Online Volume Is Still in Progress
E-commerce was hitting its stride before the pandemic, but two years later it’s clear sales volume via desktop and mobile devices is exploding. Online sales in the United States jumped fully 60.4% in December compared to December in 2019, according to the latest SpendingPulse report from Mastercard Inc., released late …
Read More »Adyen Unveils a Line of All-in-One Android Devices for Mobile POS Deployments
Adyen Inc., known for its e-commerce payment services, on Tuesday launched a range of mobile point-of-sale devices running on the Android operating system. The new multifunction terminals are available in the United States, the United Kingdom, and the European Union. Adyen, which is based in Amsterdam but maintains offices in …
Read More »How Payix Is Expected To Raise Repay’s Game in the Hot Buy Now, Pay Later Arena
The acquisition of independent sales organization Payix is expected to bolster payments provider Repay Holdings Corp.’s ability to acquire new merchants, including in the fast-growing and wildly popular buy now, pay later space. Repay on Monday announced its $115-million deal for Payix, which is a registered independent sales organization of Wells …
Read More »Is AML Worth the Investment?
Technology can help prevent losses as well as fines from regulators. As any business that is required to implement anti-money laundering (AML) and Know Your Customer (KYC) initiatives knows, those processes can be complicated, lengthy, and expensive. They suck up a large proportion of resources without necessarily providing full protection …
Read More »A Winning Hand for Payments
The boom in iGaming—online poker and casino games—and sports betting is generating big potential for payments companies. Can they cash in? Payments companies looking for new markets might wager on the online sports betting and casino games market. It could reap big dividends, especially as more states allow these forms …
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