Sunday , October 22, 2017

News

October, 2017

  • 19 October

    Tokenization Gets a Boost as The Clearing House Signs on To Manage Mastercard Tokens

    The Clearing House, a major player in U.S. payments, is getting deeper into the tokenization business through a new pact with Mastercard Inc. New York City-based The Clearing House and Mastercard announced Thursday that TCH has become a Mastercard-certified third-party Token Service Provider (TSP). As such, TCH will be able …

  • 19 October

    While Lauding a Strong Quarter, PayPal Brass Looks to ‘Monetize’ Venmo And Launch NFC

    With Venmo accounting for a swiftly growing share of PayPal’s total payment volume, the company’s top brass left no doubt on Thursday they are eager to start making the peer-to-peer payment service start paying its way. “We [now] begin to monetize Venmo,” PayPal chief executive Dan Schulman told equity analysts …

  • 19 October

    First Data Buying BluePay and Other Digital Transactions News briefs from 10/20/17

    First Data Corp. made it official: it is acquiring merchant processor BluePay Holdings Inc. for $760 million in cash. BluePay processes $19 billion annually for 77,000 merchants and is integrated into more than 450 software platforms. The deal is expected to close by the end of the year. First Data inadvertently …

  • 19 October

    Mastercard Scrubs Its Signature Requirement for POS Transactions

    Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada. Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though …

  • 19 October

    Visa ID Intelligence Aims To Be A Digital Authentication Hub

    Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …

  • 19 October

    The Clearing House Gets TSP Certification and other Digital Transactions News briefs from 10/19/17

    From the Oops Department: First Data Corp. early Thursday quickly removed from its Web site an inadvertently posted press release saying it had a deal to acquire independent sales organization BluePay Holdings Inc. “First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, …

  • 18 October

    Chase To Acquire WePay in a Play for ISVs and New Merchants

    JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …

  • 18 October

    BIM Brings an ACH-Payment Option to Phillips 66, Conoco, and 76 Gas Stations

    Consumers using the Phillips 66, Conoco, or 76-branded smart-phone apps soon will be able to pay for fuel using their checking accounts thanks to an integration with Buy It Mobility Networks, a New York City-based payment and customer relationship management platform. Announced Tuesday, the service will be available soon, says …

  • 18 October

    CPI Receives Card Patents and other Digital Transactions News briefs from 10/18/17

    For U.S. Bancorp’s Elavon unit, merchant-processing revenues were down slightly in the third quarter, to $405 million, compared to a year ago, according to the bank’s earnings release. But revenue year to date is up 0.2%, at $1.19 billion, compared to the same period in 2016. Payment card manufacturer CPI …

  • 17 October

    VeriFone Adding Alipay Acceptance to Las Vegas, NYC Taxis

    As tourists from China visit the United States—they are now the fifth largest group of travelers to this country—they want to use familiar payment methods. Now, Alipay, the digital wallet from China’s Alibaba Group Holding Ltd., will be accepted in New York City and Las Vegas taxis using VeriFone Systems …