Tuesday , December 11, 2018

Credit Cards

Chase Gets Back Into Contactless Cards, Signaling Stronger Momentum for Tap-And-Go EMV

Giant card issuer Chase once again will issue contactless credit and debit cards, the bank announced Wednesday. Chase, a unit of JPMorgan Chase & Co., says it will begin later this year issuing contactless EMV cards bearing the Visa Inc. brand, first to its Chase Freedom Unlimited and Chase Slate …

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Cardlytics Adds Nearly 4 Million Consumers to It Rewards Platform, But Forecasted Revenues Fall Short

Rewards platform provider Cardlytics Inc. on Tuesday reported its user base and revenue per active user grew in the third quarter, but the company nonetheless trimmed its full-year revenue forecast. The company’s primary product, Cardlytics Direct, provides merchant-funded rewards programs distributed through financial institutions’ online and mobile-banking sites. Cardlytics Direct …

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BigCommerce Gives a Lift to Venmo’s Commerce Strategy As It Adds the P2P Service And Masterpass

The e-commerce platform BigCommerce Pty Ltd. on Wednesday announced two new supported payment methods, including PayPal Holdings Inc.’s Venmo service. With the addition of Venmo, Austin-based BigCommerce gave a big lift to PayPal’s strategy  to find revenue for what has been a fast-growing but free peer-to-peer payment service, though merchant pricing …

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Sionic Mobile Announces Single Account Service and other Digital Transactions News briefs from 11/14/18

Sionic Mobile, a provider of payment and rewards technology, announced a single account through which users can pay a range of providers through mobile devices or in-car commerce. Gas Pos, which sells EMV-acceptance services to fuel retailers, announced a $1 million investment from Merus Capital, a venture-capital firm. Bluefin Payment …

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More Consumers See Smart Phones As Crucial Shopping Tools, Though Their Payment Use Lags

As the holiday shopping season swings into gear, look for more consumers using their smart phones for shopping—but not so much for making a mobile payment, says GfK, a Germany-based consulting firm, in its latest FutureBuy research. Forty-five percent of all U.S. consumers rank mobile devices, including smart phones and …

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Fresh From a $100-Million Funding Round, Poynt Sets a Goal To Be the Common OS for Smart POS Terminals

Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in announcing a $100 million funding round on Tuesday, the Palo Alto, Calif.-based company also argued it should be the one to provide that OS. Investors …

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Fed Forms Faster Payments Council and other Digital Transactions News briefs from 11/13/18

The Federal Reserve formally announced the creation of the U.S. Faster Payments Council, an industry organization intended to promote the adoption of secure faster-payment systems through industry collaboration and education. The 22 founding members include payment card networks, banks, Walmart Inc., and automated clearing house network governing body NACHA. The group is …

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JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18

Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment …

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Fallback Fraud Falls as Card Issuers Ramp Up Their Monitoring

Fallback fraud, an offshoot of the counterfeit fraud that EMV chip cards are meant to reduce, declined over the past year, according to new findings from Auriemma Consulting Group. Fallback fraud refers to fraud resulting from would-be EMV payments resorting to the credit or debit card’s back-up magnetic stripe because …

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PayFacto Debuts With an Eye on Merchants, Payfacs, and Gateway Services

PayFacto Inc., the new name for a combination of what had been three separate companies, launched with a mission to cultivate merchants with a trio of payments services. Montreal-based PayFacto is the result of combining B2Billing, CT-Payments, and Supreme Payments. Each of the Canadian firms had different specialties that PayFacto …

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