Wednesday , September 19, 2018

Acquiring

Adyen Touts Its 3-D Secure 2.0 Service As “First” to Market

The first commercial implementation of 3-D Secure 2.0, an online fraud-prevention tool, appears to be here. Processor Adyen N.V. announced Friday the launch of its 3DS 2.0 service, claiming it is the first to be available to merchants. 3-D Secure 2.0 is an EMVCo-maintained standard that aims to curb online …

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Mangum Leaving Global Payments and other Digital Transactions News briefs from 8/31/18

Processor Global Payments Inc. announced its president and chief operating officer, David Mangum, plans to leave. No details were immediately available about why or when Mangum will depart. Chief executive Jeff Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August …

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U.S. EMV Merchant Locations Grew by 400,000 in 2018’s First Half, Visa Data Show

Approximately 400,000 U.S. merchant locations began accepting EMV chip cards in 2018’s first six months, according to new data from Visa Inc. In its latest report on the U.S. conversion from magnetic-stripe payment cards to the EMV standard, Visa on Wednesday said 3.1 million merchant locations accepted the new cards …

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Square Reader Adds Lightning Connection and other Digital Transactions News briefs from 8/30/18

ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …

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In Separate Deals, Global Payments And Paysafe Bolster Their Integrated-Payments Efforts

In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers. Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service …

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3.1 Million Merchants Accept Chip Cards and other Digital Transactions News briefs from 8/29/18

In its latest update about the U.S. conversion from magnetic-stripe to EMV chip cards, Visa Inc. said more than 3.1 million merchant locations accepted chip cards as of June versus only 392,000 in September 2015. The number of Visa chip cards increased 214% in that time to 499.7 million. Some …

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An Activist Social Network Alleges PayPal Is Still Processing for Supremacist Groups

Reacting to violent clashes a year ago in Charlottesville, Va., between white supremacist groups and counter demonstrators, several major payment systems shut down access for supremacist organizations that used the systems to process donations. But now a social network devoted to activist causes says PayPal Holdings Inc. is still processing …

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Google Exec: Google Pay Represents More Than a Rebranding

To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …

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Processor Provides Prepaid Services and other Digital Transactions News briefs from 8/28/18

Merchant processor Payment Data Systems Inc. said its FiCentive prepaid card subsidiary will provide program management and processing and develop Web and mobile applications for University Fancards, which offers university-branded gift and reloadable prepaid cards. Speedpay Inc., Western Union’s bill-payment unit, has adopted a customer-guidance tool based on artificial intelligence …

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Worldnet TPS Launches EMV Service and other Digital Transactions News briefs from 8/27/18

Worldnet TPS Ltd. launched GoChipNow, a service for virtual-terminal merchants to convert to EMV chip card acceptance. VSoft Corp., which specializes in information-technology products for financial institutions, said it will integrate a payment service from Payrailz into its digital banking platform. Total investment in startups specializing in artificial intelligence, an …

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