Friday , September 21, 2018

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A $6.2 Billion Pact May Be Only a Prelude to Difficult Haggling Ahead for Merchants And the Card Networks
As Transaction Volume Grows, NACHA Smooths out the Road for Same-Day ACH
Data Breaches Register on the Stock Market, Too, And Payments Firms Are Hardest Hit
Bitcoin Has Calmed Down—And Fees Have Gotten Cheaper—But Will Merchants Bite?
A $650 Million Loan Eases Diebold Nixdorf’s Financial Woes, At Least for Now

Amazon Could Have a Ready-Made Customer Base for a Bank, Bain Reports

With rumors circulating that Amazon.com Inc. is interested in getting into banking and also preparing to open thousands more cashier-less stores, new research results released by management-consulting firm Bain & Co. claim that a large pool of consumers would be willing to bank with the online retailing giant. “Our survey suggests that Amazon can count …

From Small ISO to International Powerhouse: How You Can Share in the Success

NXGEN is a technology company that delivers state of the art payment solutions to merchants globally. Founded in 2002, and based in Whitefish MT, NXGEN has grown with local offices across the country and a global footprint in 30 countries. The company has grown from the dreams of Founder/CEO, Thomas P. Nitopi, to a global …

How A Swarm of Malicious Bots Is Making ‘Credential Stuffing’ a Huge Problem

Make no mistake, criminals are unrelenting in trying to get to sensitive data. In the eight months from November through June, more than 30 billion malicious login attempts were tracked by Akamai Technologies, a Web-services company, in its 2018 State of the Internet report released Wednesday. In May and June alone, there were 8.3 billion …

Does your POS make you money?

As payment professionals, point of sale is frequently our toughest sell. Many factors play into the merchant’s purchasing decision, and price always seems to be a key influencer. It’s a fine balance between making money for your business while also discerning the true value of your solution’s purchase price. Does the cost of your point …

Fattmerchant Makes QuickBooks Online Integration and other Digital Transactions News briefs from 9/19/18

Mobile POS specialist CardFlight released version 5.0 of its SwipeSimple payment-acceptance service. Among the new features are pairing receipt printers and countertop hardware for issuing receipts via a mobile printer; discount options; item images; and a virtual terminal with address-verification support. Payments provider Fattmerchant announced an integration with QuickBooks Online with bi-directional syncing of a …

Credit Card Interchange Settlement Once Again Divides Merchants

Déjà vu, anyone? Similar to its now-moot predecessor agreement from 2012, the proposed $6.24 billion monetary-damages settlement in a big credit card interchange antitrust case announced Tuesday by Visa Inc. and Mastercard Inc. is drawing diverging reviews from merchants. Based on anecdotal comments and the history of the earlier settlement, small, independent businesses, which in …