Tuesday , December 10, 2019

News

December, 2019

  • 10 December

    Libra Put Stablecoins in the Spotlight. Now BitPay Announces Support for Three of Them

    Facebook Inc.’s Libra cryptocurrency may be struggling with regulators globally, but that doesn’t mean blockchain processors aren’t moving forward with other stablecoins. Atlanta-based BitPay Inc. on Tuesday introduced payment acceptance and settlement services in a trio of stablecoins whose value is tied to the U.S. dollar: Circle Internet Financial Ltd.’s …

  • 10 December

    IPO Pending for Small-Business Invoicing Provider Bill.com

    In addition to merchant processor Shift4 Payments Inc., another payments-industry initial public offering of stock is in the offing. This one comes from Bill.com Holdings Inc., a provider of cloud-based invoice-management and payment services for small and mid-sized businesses. Palo Alto, Calif.-based Bill.com hopes to raise approximately $158.9 million after …

  • 10 December

    Payoneer’s Merchant-Services Buy and other Digital Transactions News briefs from 12/10/19

    Payoneer Inc., a provider of cross-border payments for small businesses, announced it is moving into merchant services with its acquisition of optile GmbH, a Munich-based company whose technology eases payment acceptance. Terms were not announced.The Western Union Co. has added a feature to its mobile app that allows users to donate …

  • 9 December

    Subscription-Payment Specialist GoCardless Boosts U.S. Business With Routing-Number Access

    GoCardless Ltd., a London-based company specializing in handling international recurring payments, such as subscriptions, is eyeing a bigger presence in the U.S. market and has struck a deal that it expects will help process debits through the automated clearing house. The arrangement, announced Monday, will let GoCardless access ABA routing …

  • 9 December

    Canadians Embrace Contactless Payments, but They’re Still Wary of Using Mobile Devices

    Like their American cousins, Canadians are rapidly adopting newer payment methods. In fact, they’re doing so even faster than U.S. consumers in some respects. The report, “Canadian Payment Methods and Trends: 2019,” released last week by Payments Canada, says contactless payments grew 30% year-over-year in 2018. Card- and mobile-based contactless …

  • 9 December

    Super Processor Picks TAS USA and other Digital Transactions News briefs from 12/9/19

    Payments provider Super Processor selected a payments platform from TAS USA Inc. to manage merchant onboarding, merchant accounts, and transaction processing for both in-store and e-commerce transactions.Hudson Executive Capital LP, an investment firm that has been embroiled in a fight for control of vending-machine payments technology provider USA Technologies Inc., filed a proxy …

  • 6 December

    A Sobering 62% of U.S. Financial-Services Entities Have Been Breached, Thales Says

    Despite 96% of U.S. financial-services organizations considering their technology security as adequate, 62% of those responding to a Thales survey said they experienced a breach. That’s according to the recently released 2019 Thales Data Threat Report.  Commissioned by Thales, the survey of 1,200 information technology and data security professionals and …

  • 6 December

    Pineapple Payments Acquires a Paystri Merchant Portfolio and other Digital Transactions News briefs from 12/6/19

    Payments provider Pineapple Payments said it has acquired a merchant portfolio from Paystri, an integrated-payments technology provider, and entered into a partnership with the firm. The size of the acquisition was not disclosed.Global e-commerce sales volume on Cyber Monday grew 21.5% in terms of value over Cyber Monday in 2018, outpacing sales …

  • 6 December

    Debit Cards Overtake Cash as the Most Popular Payment Type, According to Fed Diarists

    The growing popularity of debit cards and the displacement of cash by card and electronic payment alternatives is nothing new, but a Federal Reserve banks’ report released Thursday shows debit cards for the first time have surpassed cash as the most-used payment type. The findings come from the 2018 Diary …

  • 5 December

    Black Friday Through Cyber Monday, Suspicious Transactions Rose 29% from Last Year

    While last weekend’s holiday-shopping extravaganza unleashed a geyser of payment transactions, it also uncorked a flood of potential fraud, data released Thursday show.  Online shoppers spent $7.4 billion on Friday alone, with Cyber Monday sales, which by definition are e-commerce transactions, alone estimated to total a record $9.4 billion, up …

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