Wednesday , March 20, 2019

News

March, 2019

  • 20 March

    The Future of Tokens Will Extend Beyond Payments

    As more and more companies adopt tokens as a proxy for the primary account number and other sensitive payment data, the day is fast approaching when the utility of the technology will move beyond the payments box. That’s the forecast from Nate Morgan, senior director for product management at CyberSource, …

  • 20 March

    Chase Replacing Prepaid Liquid Card With a Bank Account

    Banking giant JPMorgan Chase & Co. is discontinuing its Chase Liquid general-purpose reloadable prepaid card and replacing it with a checking account called Chase Secure Banking, which has many of the same features but requires the customer to open a Chase bank account. Launched in 2012 and aimed mainly at …

  • 20 March

    In an Active Week for Worldpay, the Big Processor Says It Will Be Amazon Pay’s First Acquirer

    As if the announcement of its pending merger with Fidelity National Information Services Inc. wasn’t enough news for one week, Worldpay Inc. on Wednesday said it will acquire Amazon Pay transactions for online merchants. The news means Cincinnati-based Worldpay has become the first merchant acquirer to work with the retailing …

  • 20 March

    The Fed’s Defining Security Moment and other Digital Transactions News briefs from 3/20/19

    The Federal Reserve announced the 22 members of its new Fraud Definitions Work Group, another component of its sweeping Payment System Improvement Project. The group, which comes from the banking and payments industries, regional Fed banks, and other organizations, will work with Fed leaders on recommendations for improving the quality …

  • 19 March

    The Cboe’s Move to Stop Bitcoin Futures Trading May Not Be All That Hard a Hit

    The decision by Cboe Global Markets Inc. to shut down its Bitcoin futures market, news of which emerged late last week, may have been seen as yet another blow to the digital currency’s bid for mainstream respectability. But in some respects Bitcoin may not be any worse off for the …

  • 19 March

    Instagram Testing Shoppable Ads With PayPal as Its Payments Partner

    So-called shoppable ads could get a big boost if a tap-and-buy test announced Tuesday by Facebook Inc.’s Instagram social network succeeds, a test in which PayPal Holdings Inc. is the payment processor. Other social networks and Internet sites have rolled out or begun testing shoppable ads, including Pinterest, Snap Inc.’s …

  • 19 March

    P2P Users Value Speed and other Digital Transactions News briefs from 3/19/19

    Fifty-nine percent of consumers cited the ability to pay quickly as a reason they use peer-to-peer payments apps, according to a survey of more than 380 consumers from Tallwave, a digital-services firm. More than 65% have used PayPal and 37% have used Venmo, PayPal’s P2P payment service. Verifi Inc. launched …

  • 18 March

    Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay

    The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

  • 18 March

    FIS And Worldpay: Merger Mania Probably Isn’t Over, Analysts Say

    Close observers of the payment-processing industry predicted Fiserv Inc. would start a merger wave when it announced its $22 billion deal to acquire First Data Corp. in January. That prophecy seems to have come true with the even bigger $43 billion FIS-Worldpay merger announced Monday, and the consolidation wave probably hasn’t …

  • 18 March

    SpotOn Integrates Poynt Terminal and other Digital Transactions News briefs from 3/18/19

    SpotOn Transact LLC said it will integrate Poynt Inc.’s smart point-of-sale terminal into its platform. SpotOn said it is the first to work with Poynt to integrate loyalty, marketing, and POS software directly into the terminal hardware. Synchrony Financial expanded the merchant categories eligible to accept its Synchrony Car Care …