Digital Transactions Authoritative, insightful and timely information for payments professionals
• Total System Services Inc. (TSYS) said it is integrating a machine-learning engine from Featurespace that will allow the processor to generate real-time decisions on individual consumers. TSYS says the speedier fraud-control processing will help prepare its clients for the arrival of real-time payments.
• Plastc Inc., which markets a device called the Plastc Card that stores digitized versions of credit and debit cards, announced it has added near-field communication capability to the device through a platform offered by FitPay Inc., a wearable-payments company founded by former Visa Inc. and CyberSource executives.
• Wireless-transactions gateway Apriva announced it has achieved EMV certification with merchant processor Global Payments Inc. for the BV1000 device from Globalcom Engineering. The device is used in unattended locations such as parking lots and car washes.
• Mobile-banking provider Chime added Apple Pay as well as a person-to-person payment function to its app. The company also closed a $9 million funding round.
• Private-label card processor Alliance Data Systems Corp. agreed to provide private-label and cobrand credit card services to fast-growing fashion retailer Forever 21.
• InterFax launched a product called ShieldQ that uses email filters to shuttle messages containing card data into a document queue that complies with the Payment Card Industry data-security standard (PCI).
