Thursday , November 21, 2019

News

November, 2019

  • 21 November

    Stepping Further into E-Commerce, PayPal Pays $4 Billion for Honey Shopping Assistant

    PayPal Holdings Inc. is betting big on its strategy of boosting its e-commerce presence with its approximately $4 billion acquisition of Honey Science Corp., a technology platform that helps consumers find offers and deals on popular e-commerce sites. Announced Wednesday afternoon, the deal envisions Honey tapping into the more than …

  • 21 November

    Newtek Makes Developer Bet and other Digital Transactions News briefs from 11/21/19

    Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, acquired a 51% stake in POS on Cloud, developer of payments and business-management systems for restaurants, retailers, assisted-living providers, and parks and golf courses.Fidelity National Information Services Inc. (FIS) said Eyefinity, a software developer for …

  • 21 November

    Galileo Teams With Mastercard to Offer Instant Debit Cards Across a Wide Range of Industries

    The trend toward faster payments involves several dimensions, one of which is faster card delivery to a wide array of sponsors and users who until now had little or no access to cards branded by a global network. Galileo Financial Technologies Inc. said Thursday it’s offering that capability with an …

  • 20 November

    What is a security maturity model? And, what does it have to do with PCI DSS compliance?

    By: Christoffer Brown, SecureTrust Product Manager A security maturity model is a framework for measuring – you guessed it – the maturity of a security program. A maturity model helps assess the current operational effectiveness of key processes relative to peers and desired maturity goals for entities to understand what …

  • 20 November

    Eye on Contactless: Credit Unions’ Contactless Cards Grow; Mastercard’s New Transit Partner

    A leading credit-union service organization reported Wednesday that it has distributed half a million contactless payment cards through some of its members, and Mastercard Inc. has paired up with a French investment firm with an eye on bringing new fare technology to mass-transit systems. St. Petersburg, Fla.-based PSCU says it …

  • 20 November

    Millions Sign Up for Mobile Payments—But How Many Stick Around Long Term?

    Observers of mobile wallets have focused attention on user counts as a sign of adoption, but that leaves open the question of how many of these consumers are turning into habitual users. As it turns out, mobile-payments apps have a much harder time retaining users than do banking apps, according …

  • 20 November

    Top Chargeback Cities Ranked and other Digital Transactions News briefs from 11/20/19

    Chargebacks911, a dispute-mitigation and risk-management provider, said Santa Barbara, Calif., has the highest rate of fraudulent credit card chargebacks at 6.79%, followed by Paradise Valley, Ariz., 6.73%, and La Mirada, Calif., 6.68%. Other top 10 cites are listed in the company’s chargeback study, the second since 2014.Mobile-shopping and -payments app …

  • 19 November

    Eye on Fintech: Payments Firms Attract Venture Funding; PSCU’s $100 Million Investment

    Venture capital continues to flow to payments companies, which ranked among the top recipients of financial-technology sector funding in the third quarter, according to a new report. And credit-union services organization PSCU announced it will invest $100 million in its payments platform over the next three years. Sweden-based Klarna, a …

  • 19 November

    HSBC Adds Real-Time Payments and other Digital Transactions News briefs from 11/19/19

    HSBC Bank USA N.A. has made a real-time payments service, via The Clearing House Payments Co. LLC, available to its commercial and institutional clients. HSBC said these clients have been able to receive real-time payments since July and now can send them. HSBC expects to roll out the service to its consumer …

  • 19 November

    COMMENTARY: One Year Later, GDPR Is a Blessing in Disguise for Financial Institutions

    The General Data Protection Regulation (GDPR) went into effect in May 2018. More than one year later, most financial organizations—including banks, payment and trading services, and global exchanges, as well as the companies that rely on them—are struggling to maintain GDPR compliance.  While prohibitive costs and the derailment of other, …

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