Tuesday , June 19, 2018

Acquiring

Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security

Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …

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NXP Launches White-Label NFC Wallet and other Digital Transactions News briefs from 6/7/18

Total System Services Inc. (TSYS) said it purchased iMobile3, which provides point-of-sale and digital marketing services for payments companies to market to merchants, for an undisclosed amount. Chip maker NXP Semiconductors N.V. announced a collaboration with Mastercard Inc. and Visa Inc. with the launch of the NXP mWallet 2GO, a white-label …

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A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …

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Interac To Provide Cardholders With Cross-Border Debit Purchase Option Through Bambora

Canadian debit card network Interac Corp. says it will soon offer its cardholders the ability to make cross-border purchases through a partnership with Ingenico Group’s Bambora payment-services subsidiary. The move is significant because it will create a stronger e-commerce presence for the Interac Debit service in international markets, giving Canadians …

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CU Adds Fiserv Card Controls and other Digital Transactions News briefs from 6/6/18

Processor Fiserv Inc. said VyStar Credit Union, which ranks 17th among U.S. credit unions by asset size, has become the company’s first client to adopt an enhanced mobile-banking platform that offers newly introduced card controls. The controls allow cardholders to set rules for when, where, and how their cards can be …

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Adyen Moves Toward Stock Offering, Sets Its Valuation at up to $8.3 Billion

Dutch payment processor Adyen B.V., which has a major U.S. presence, took another step toward its planned stock sale Tuesday when it published an offering prospectus and estimated its market capitalization at between €6.5 billion and €7.1 billion ($7.6 billion to $8.3 billion). Fast-growing Adyen is one of the most-watched …

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With Consumer Adoption of EMV Rampant, Pockets of Merchants Work to Catch up

Merchants, especially those reliant on point-of-sale software, continue to find themselves catching up to consumers when it comes to EMV adoption. But Rent Centric Inc., developer of browser-based software for the auto-rental industry, is the latest to make EMV acceptance available to its clients. Toronto-based Rent Centric says it now …

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InComm Buys Gift Card Impressions and other Digital Transactions News briefs

Prepaid card payments provider InComm announced it has acquired Gift Card Impressions, a provider of gift card packaging and solutions. Terms were not announced. Payments processor Adyen announced a direct application programming interface integration with Mastercard Inc.’s Account Updater service. Visa Inc. announced two initiatives to aid financial technology companies in …

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Eye on Online Payments: Paysafe’s New Cash Option; Apple Pay Tests Order-Ahead Feature

Cash-oriented consumers are getting another option to shop online with the debut of Paysafe Group’s Paysafecash. And Apple Inc. recently tested an order-ahead feature for Apple Pay, according to a news report. London-based Paysafe , which Monday closed it deal to buy U.S. merchant acquirer iPayment, says Paysafecash is already live …

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New Harbortouch POS Device Debuts and other Digital Transactions News briefs from 6/4/18

Harbortouch, a unit of Shift4 Payments, debuted Checkout, a point-of-sale system with features to aid retailers, including inventory tracking and management, time-clock and scheduling tools, and text and email marketing. Checkout is aimed at independent and small-chain retail stores, the company said. The Securities and Exchange Commission is investigating alleged insider …

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