It’s been a busy June for Fortis Payment Systems LLC. The payment facilitator and independent sales organization announced Thursday it is moving into Canada, has acquired payments provider SmartPay, and has added new funding and settlement capabilities. Also Thursday, merchant processor FreedomPay Inc. said it is integrating Visa Inc.’s tokenization …
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Justice Wants More Visa Debit Info; E-Commerce Powers on; Gr4vy’s Tokenization Move
Gr4vy’s Tokenization Move And Other Digital Transactions News briefs from 1/30/23
Gr4vy Inc., a payments-technology provider, has integrated network-tokenization services from Giesecke+Devrient GmbH into its platform in a move expected to improve authorization rates and cut transaction costs. Owlin, an artificial-intelligence technology developer, launched Owlin for KYC, said to be one platform to screen merchants and to ease onboarding, monitoring, and …
Read More »Bluefin Partners With Visa to Offer Network Tokenization
Bluefin Payment Systems LLC is leveraging Visa Inc.’s technology to provide network tokenization through its ShieldConex vaultless-tokenization service. Bluefin will integrate directly with Visa to provide network tokens across card brands. In addition, Bluefin’s payment gateway, PayConex, will have the ability to process network tokens. ShieldConex protects payment and ACH …
Read More »Jack Henry Readies to Battle Fraud; Why Tokenization Is Crucial; Plus Weekly Recap
COMMENTARY: Payments Security Requires Tokenization, Biometrics—And You
Digital payments are on the rise, and so is payment fraud. As of 2020, nearly 80% of Americans used at least one form of digital payment. Between 2020 and 2021, payment fraud attacks rose dramatically on digital wallets (200%), payment service providers (169%) and crypto exchanges (140%). To keep up …
Read More »Inflation’s Impact on Interchange; Tokenization Urgency; Paysafe Bets on Arkansas
COMMENTARY: With Digital Payments Rising Fast, Tokenization Is More Urgent Than Ever
Network tokenization is a term that’s quickly been finding its way into the fintech and payments spaces, and that’s for good reason, given consumers’ awareness regarding data breaches and security. So, what is it exactly? Tokenization is what major payment networks like Visa, MasterCard, and Discover use to replace primary …
Read More »TCH’s Tokenization Barrage; Chargeback Ratio Drops in 2021; Fiserv Adds Affirm BNPL to Carat
Behind The Clearing House’s Effort to Bring Tokenization to Its Real Time And ACH Services
Against a background of emerging real-time payments and steady growth in automated clearing house transactions, The Clearing House Payments Co. LLC is working to mask those transfers with a technology the payment card business has used for years—tokenization. The job is enormous. “We’re just starting—it’s going to take time,” says …
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