Tuesday , August 20, 2019

News

August, 2019

  • 20 August

    Visa Hopes to ‘Flip the Script’ on Fraudsters With an Expanded Suite of Security Products

    As merchants, consumers, and financial institutions contend with the aftereffects of unceasing data breaches, Visa Inc. is adding new products to help prevent and disrupt payment fraud. Announced Tuesday, the roster of new products include Vital Signs, which monitors transactions and alerts financial institutions to signs of potential fraudulent activity …

  • 20 August

    In This Mega Merger Landscape, Is Your ISO with a Processor or a Partner? What To Ask and Why It Matters

    By: John Newton, Vice President of Sales, Strategic Partner Channel, First American Mega mergers have created enormous financial technology companies with scope and reach that far exceed the needs of a traditional ISO channel. As a result, ISOs are now just one of many drivers of new merchant acquisition and …

  • 19 August

    Credit and Debit Cards Gain Ground on Cash for Small Purchases

    Cash may still be king among consumers for purchases of $10 or less, but its market share is steadily being eroded by credit and debit cards, says an annual survey from CreditCards.com. The most recent edition of the survey, released late last week, reveals that 43% of respondents with rewards …

  • 19 August

    COMMENTARY: Easy Payments Are Increasingly Vital to Good Customer Experience. Here’s Why

    As organizations look to remain competitive in the ever-transforming business space, customer experience (CX) has come to the fore. And those that focus on CX understand that it has to be a priority in every interaction a customer has with the company, from signup and purchase through relationship building, marketing, and …

  • 19 August

    Rite Aid Picks BAMS for Processing and other Digital Transactions News briefs from 8/19/19

    Rite Aid Corp. selected Bank of America Merchant Services to process transactions at its 2,400 stores nationwide and on its Web site. BAMS processes under an agreement with First Data Corp., now part of Fiserv Inc., though the companies announced July 30 the collaboration will end next year.The 7-Eleven Inc. convenience-store chain has launched in …

  • 16 August

    The Money-Transfer Newbies Nip at the Incumbents’ Heels

    Relative newcomers to the world of money transfers such as Remitly Inc., TransferWise Ltd., and WorldRemit Ltd., which specialize in end-to-end digital transactions, are nibbling away at the market share of agent-based leaders The Western Union Co. and MoneyGram International Inc., says a new report from research firm Aite Group …

  • 16 August

    Cash Still Popular for Low-Value Transactions and other Digital Transactions News briefs from 8/16/19

    A CreditCards.com poll found that 49% of U.S. adults usually pay with cash for transactions of less than $10. Thirty-five percent use debit cards and 16% use credit cards. The survey canvassed more than 2,500 adults in July.Eighty-two percent each of Generation X consumers and Baby Boomers buy in-store at least monthly, Blackhawk …

  • 15 August

    Square Expands Its Software Platform Beyond Payments With a New Ordering System

    Less than a month after getting into the product-photography business, Square Inc. on Thursday said it was opening its software platform beyond payments so that outside developers can create systems for merchants to handle orders. In a post on its developer blog, San Francisco-based Square noted that over the past …

  • 15 August

    EMVCo Proposes Spec Changes To Accommodate Longer Issuer IDs

    Payment card standards body EMVCo on Thursday disclosed proposed specifications changes to accommodate the coming of longer numbers on credit and debit cards for identifying the card issuer, changes that could affect merchants using card numbers to identity their loyalty program members in addition to processing protocols. The changes stem …

  • 15 August

    ETA Picks Software Association Executive as Its Next CEO

    The new chief executive of the Electronic Transactions Association will begin work the week of Sept. 3. The Washington, D.C.-based ETA said Thursday Jodie L. Kelley, senior vice president and general counsel at BSA-The Software Alliance, assumes the role vacated in January by Jason Oxman, who left to head up …

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