February 15, 2021
Acquiring, Competitive Strategies, Digital Currency, Fraud & Security, Mobile Wallets, Point-of-sale, Transaction Processing
Gaming-properties operator Boyd Gaming Corp. launched a digital wallet, working with gaming-technology provider Aristocrat Technologies and payments provider Sightline Payments. The service, called BoydPay, is live at Blue Chip Casino Resort Spa, Belterra Park, and Aliante Casino.Payments provider National Merchants Association launched a program that offers free credit card processing for three months and …
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February 12, 2021
Acquiring, Competitive Strategies, Digital Currency, Featured, Fraud & Security, Issuing/Originating, Point-of-sale, Transaction Processing
The two big card networks have made no bones about their interest in supporting cryptocurrency transactions, and this week both made big moves in that direction. The bigger move came from Mastercard Inc., which on Wednesday announced its intention to launch later this year the ability to send and receive …
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February 11, 2021
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Buy now, pay later specialist Uplift Inc. said it signed new travel brands and experienced a 72% growth in monthly transaction revenue in the 2020 fourth quarter. New clients coming online in the second quarter include Alaska Airlines, Frontier Airlines, Virgin Voyages, and Air Canada Vacations.ACI Worldwide Inc. said it and Gilbarco Veeder-Root, …
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February 10, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
As consumers increasingly turn to fintechs rather than banks, money decisions and payments share are shifting away from traditional financial institutions, according to a study from data-analytics firm Fair Isaac Corp. (FICO). Some 34% of consumers have at least one account with, or conduct financial activity with, a nonbank provider, while …
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February 9, 2021
Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Transaction Processing
Gift card fraud and credential stuffing, a technique in which criminals use stolen account credentials to gain access to legitimate user accounts, ran rampant during the fourth quarter of 2020, according to research by Arkose Labs, a San Francisco-based provider of fraud-prevention technology. Criminals launched 3.6 million attacks on gift …
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February 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Consumers continue to show affinity for using mobile wallets for payments with debit-based mobile wallet use growing at 59.6% for the week ending Jan. 31, compared to the week ending Feb. 2, 2020, according to the PSCU Tracking Transaction Trends report. Credit-based mobile wallet use was up 35.7%. The results include the …
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February 5, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Remote Deposit Capture, Transaction Processing
The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …
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February 4, 2021
ATMs, Competitive Strategies, Debit Cards, Fraud & Security, Issuing/Originating, Transaction Processing
Fiserv Inc. on Wednesday announced CardFree Cash, a new feature within its CardValet mobile-banking app that allows consumers to facilitate a cash withdrawal from an ATM using their mobile phone. The service is available to financial institutions nationwide. Consumers can use CardValet at 30,000 Diebold Nixdorf and NCR ATMs driven by …
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February 3, 2021
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate …
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February 1, 2021
Competitive Strategies, Fraud & Security, Issuing/Originating, Marketing, Person-to-Person Payments, Real-time Payments, Transaction Processing
Investing in digital account opening, mobile-banking applications, and customer-relationship applications are among bankers’ priorities for digital services in 2021, says a report from Computer Services Inc., a provider of cloud-based financial-services technology. Enabling consumers to open accounts digitally, even after the Covid-19 pandemic subsides, was cited as a top priority …
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