Monday , October 22, 2018

Acquiring

EBay Starts Managing Payments And Looks to Add a ‘Majority’ of Sellers by 2021

EBay Inc. on Tuesday announced it has “begun managing payments” on its massive marketplace and said it expects to have a “majority” of sellers converted to the new program by 2021. Under the new payments regime, sellers will encounter lower transaction costs, eBay’s announcement said, though it did not offer …

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Square Adds Payroll Services and other Digital Transactions News briefs from 9/26/18

Payment gateway USAePay completed EMV certification for First Data Corp.’s Rapid Connect platform. USAePay said the certification enables merchants to accept EMV payments, particularly EMV PIN-debit transactions, via its mobile application. First Data Corp. launched a service for card issuers called FirstSense that combines threat intelligence with the company’s fraud-detection …

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Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place

It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …

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Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18

Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …

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Full PCI Compliance Drops for the First Time in Six Years, Verizon Reports

Full compliance with the Payment Card Industry data-security standard dropped in 2017 for the first time in six years, according to a report released Tuesday by Verizon Communications Inc. New York City-based Verizon’s PCI-qualified security-assessment service, one of the largest in card-related security industry, says 52.5% of the organizations it …

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PayPal Says It Is Shutting Down Payments for the Controversial Infowars Properties

The payments business has become even more complicated than usual in recent years by politics, a point driven home on Friday when PayPal Holdings Inc. announced it will stop processing payments for the controversial Infowars Web site and related properties. “We do not take these actions lightly and we work …

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The PCI Council Will Take Further Comments on an Updated Point-to-Point Encryption Standard

When security managers and executives gather this week for the PCI Security Standards Council’s annual North America Community Meeting, one of the topics sure to be on their minds is point-to-point encryption (P2PE) of payment card data. The Council reported Friday that it plans to issue a new version of …

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How iZettle Could Boost PayPal’s Long-Held Strategy to Embrace the Physical Point of Sale

For years, PayPal Holdings Inc. has worked to expand its reach to physical merchants, and now, with the closing on Thursday of its $2.2 billion acquisition of Stockholm-based iZettle AB, the digital-payments company is taking a significant step in achieving that ambition. At a stroke, the acquisition brings to PayPal …

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Nxt-ID To Spin Off Payments Business and other Digital Transactions News briefs from 9/21/18

Nxt-ID Inc. announced it will spin off its payments, authentication, and credential-management assets, including its FitPay unit, into a separate and independent company. It expects to complete the transaction by Nov. 15. Michael Orlando, currently chief operating officer at Nxt-ID and president of FitPay, will become chief executive of the …

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How A Swarm of Malicious Bots Is Making ‘Credential Stuffing’ a Huge Problem

Make no mistake, criminals are unrelenting in trying to get to sensitive data. In the eight months from November through June, more than 30 billion malicious login attempts were tracked by Akamai Technologies, a Web-services company, in its 2018 State of the Internet report released Wednesday. In May and June …

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