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- Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.
- Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for payments via Web, mobile, app, or connected device.
- For the first time, U.S. transactions and dollar volumes for Visa and Mastercard debit cards are greater than for the networks’ credit cards as of the mid-point of 2020, according to new research from Mercator Advisory Group.
- A report from payments-technology provider Square Inc. indicates 23.2% of Square’s U.S. sellers were cashless at the height of shelter-in-place mandates in April, up from 5.4% in February. By August, that number had “stabilized” at 13.4%, Square said.
- Payments provider Paysafe Group appointed Ismail Dawood as its new group chief financial officer, reporting to chief executive Philip McHugh. Dawood, who will assume his position Sept. 28, comes to Paysafe from financial-services provider Branch International.
- Payments provider Klarna AB said it raised $650 million in an equity funding round at a post-money valuation of $10.65 billion, making it the highest-valued private fintech in Europe and fourth-highest globally.
- Adyen NV will process payments for users of hospitality software and services from Agilysys Inc. under a new agreement.
- A sharp rise of contactless payments globally could be contributing to an equally dramatic rise in chargebacks as fraudsters load stolen identities into mobile devices used for unauthorized transactions, warns Chargebacks911, a fraud-mitigation firm.
- Transaction-security provider ControlScan Inc. announced the general availability of MDR Essential, a managed endpoint security service for small and medium-size businesses.
- Payments provider Credorax Bank Ltd. announced it is enabling luxury-cruise provider Scenic Group to process payments from travel agencies globally.
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