Saturday , June 23, 2018

Mobile Commerce

PayPal Buying Simility for $120 Million and other Digital Transactions News briefs from 6/22/18

PayPal Holdings Inc. said it is buying Simility, a fraud-prevention and risk-management platform, for $120 million. Once the deal closes—expected in the third quarter—PayPal merchants will get access to Simility’s fraud tools, the company said. This is PayPal’s second acquisition announced this week. Wednesday PayPal said it was buying Hyperwallet for …

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COMMENTARY: Adyen And the New Age of Global Payments Processing: Part II

Adyen touts its omnichannel approach. It has integrated e-commerce with in-store sales, for example, at hip men’s clothier Bonobos. The Dutch processor’s growth locomotive, however, is, and for the foreseeable future will remain, e-commerce. While not enjoying Mastercard’s network power, Adyen has built platform economics by credentialing and securely integrating …

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Details on Visa Europe Outage and other Digital Transactions News briefs from 6/20/18

Merchant processor Paysafe North America said that by mid-July it will start offering same-day settlement to small U.S. merchants. The service will be offered in collaboration with Company.com, a services platform for small businesses, and Ingo Money, a push-payments provider. Visa Inc.’s 10-hour service interruption in Europe on June 1 …

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Survey Identifies Emerging Anti-Fraud Tools Favored by E-Commerce Merchants

The fraud-fighting tools of the future for e-commerce retailers include artificial intelligence, multimerchant velocity checks, and fingerprint identification, according to a poll of 166 merchants for the Federal Reserve Bank of Minneapolis. None of those newer tools is in widespread use today, but more merchants plan to use them going …

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COMMENTARY: Adyen And the New Age of Global Payments Processing: Part I

Dutch payments processor Adyen N.V. is in the limelight just as the payments business has gotten hot. Ant Financial just raised the biggest private funding round ever—$14 billion at a $150 billion valuation, in part on the back of its Alipay unit. These are new and nontraditional entrants. The old …

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As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile

By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …

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JetPay Notes Software Integration and other Digital Transactions News briefs from 6/5/18

JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions. In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. …

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Sensing Strengths, Investors Send Adyen’s Valuation Skyrocketing

Experts have been saying that the payments business is hot, but few suspected it was this hot. The 12-year-old Dutch processor Adyen N.V. gained more ground Thursday on the Euronext Amsterdam exchange before closing the day at 438 euros, or $510, down 3.7%. That’s after finishing on Wednesday, its first …

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Worldpay Tests Dynamic CVV Cards in Anticipation of Broader Availability

Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and …

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Hyundai’s In-Car Payments Plans and other Digital Transactions News briefs from 6/8/18

The Korean automaker Hyundai has made agreements to let drivers pay through the car’s infotainment system for gas at Chevron or Texaco, meals from Applebee’s To Go, and parking through ParkWhiz. Other automakers working on similar payment systems include Ford for parking and vehicle service and Chevrolet and Jaguar for …

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