Thursday , April 19, 2018

Acquiring

Eye on Policy: Fintech Regulation, and ‘Taking Out the Trash’

What role government regulators should play as financial-technology companies increasingly challenge banks with new services for consumers and merchants is generating more debate in the electronic-payments industry. At a forum Tuesday, regulators said they want to encourage innovation while protecting consumers, but an executive with an online business lender argued …

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As Event Payments Heat up, SignUpGenius Works With WePay For Ticketing Payments

SignUpGenius Inc., an event-organizing service, is now using WePay Inc. for its payment-processing services. The integration, announced Monday, means event organizers can collect payments for ticket sales, event registration, capital campaigns, and business services, SignUpGenius says. Charlotte, N.C.-based SignUpGenius says as many as 12 million persons use its online tools …

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Cayan Receives TSYS EMV Certification and other Digital Transactions News briefs from 10/3/17

Shopify Inc. said it is expanding a service that will let Instagram users buy products from select merchants without leaving the Instagram app. The service, which Shopify has been testing since early this year, lets merchants tag their posts to connect users to their catalogs. The photo-sharing service Instagram, owned by …

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EMV at Two: Consumers Still Think Purchases Are Too Slow; Many Merchants Indifferent

EMV chip card payments at the U.S. point of sale have been around, officially at least, for two years now, but consumers still perceive them as slow, and many merchants still don’t accept chip cards, according to a poll of consumers and retailers by merchant processor Cayan. The time to …

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Processing Execs Push ISOs to Adopt New Thinking on Topics From Pricing to Technology

A panel of processing executives on Thursday sought to shake an audience of merchant-sales representatives out of traditional ways of thinking about critical matters ranging from pricing to new technology. In some cases, years-old tactics came under attack. “How many of you are giving a free terminal away and competing …

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Whole Foods Reports Taproom Breach and other Digital Transactions News briefs from 9/29/17

Grocer Whole Foods Market, now a unit of Amazon.com Inc., said it is investigating a breach of the point-of-sale software used in its taprooms and full-service restaurants in some of its stores. Whole Foods did not say how many locations or how many cards are affected. It said the payment system for the …

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First Data Debuts Disbursement Service and other Digital Transactions News briefs

Canadian pension-fund manager Caisse de depot et placement du Quebec and private-equity firm Novacap said they would invest in Quebec-based Pivotal Payments, valuing the merchant processor at about C$525 million ($424 million), Pivotal Payments announced. Processor First Data Corp. introduced its “Disburse-to-Debit” service that pushes funds across debit networks so that businesses can …

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