Saturday , September 22, 2018

Mobile Commerce

FreedomPay Scores Lincoln Financial Field Deal and other Digital Transactions News briefs from 9/13/18

FreedomPay, a payments provider specializing in sports stadiums and hospitality venues, announced a multiyear agreement with Lincoln Financial Field, the home stadium for the Philadelphia Eagles, to process payments at more than 300 points of sale. Revenue from so-called over-the-top content-subscription platforms will rise dramatically in part because of streamlined …

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How Fraudsters Are Increasingly Harnessing Mobile Devices And Bots

Payments officials have sensed it for some time, and now the numbers confirm it: Fraud attacks via mobile devices worldwide soared 24% in the first half of this year compared to the same period in 2017, totaling 150 million. In the United States alone, the increase was much worse, fully …

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Global Mobile Contactless Payments To Hit $1 Trillion by 2022, Researcher Predicts

Mobile contactless payments are growing at a nearly 31% compounded annual rate and will exceed $1 trillion worldwide by 2022, according to a new forecast from 451 Research. The prediction is contained 451’s Global Unified Commerce Forecast, which estimates that total online commerce accounts for about 10% of purchases currently, …

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Rambus Token Gateway Receives Visa OK and other Digital Transactions News briefs from 9/12/18

Rambus Inc. announced its token gateway for e-commerce is one of the first such services to be certified by the Visa Ready program. The gateway streamlines links to the Visa Token Service to tokenize payment credentials for merchants, payment service providers, and merchants. Mobile-payments specialist Glance Technologies Inc. said its …

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Bolt And BigCommerce Team Up on an Instant Checkout Service

BigCommerce Pty. Ltd., an e-commerce platform and online shopping-cart provider, is teaming up with payments provider Bolt Financial Inc. on an instant-checkout service for online merchants. Announced Tuesday, the service is available via a plugin for BigCommerce’s platform. Austin, Texas-based BigCommerce also released its Checkout JS Software Development Kit that …

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A Financial-Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …

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GAO Calculates Equifax Breach Impact and other Digital Transactions News briefs from 9/11/18

Georgia State University announced that the new Georgia FinTech Academy, a talent-development initiative involving Georgia’s 26 public institutions of higher learning, will have physical locations at Georgia State and in Atlanta’s Buckhead neighborhood. The FinTech Academy is supported by the Atlanta-based American Transaction Processors Coalition. One year after credit-reporting agency Equifax Inc. disclosed its …

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Eye on Data Breaches: British Airways Reports Hack; Survey Finds 21% of Equifax Victims Noticed ‘Unusual’ Financial Activity

Some 380,000 payment cards used by British Airways customers have been compromised in a data breach, and more than one in five consumers surveyed about last year’s massive breach at credit-reporting agency Equifax Inc. reported “unusual activity” in its wake, including new account openings. British Airways, one of Europe’s largest …

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Gateway Operators Slice Transaction Time in Half As Uptime Average Nears 100%

U.S. gateway providers have cut the average transaction time in half to 1.6 seconds from 3.2 seconds only a year ago, according to data compiled by Omaha, Neb.-based researcher The Strawhecker Group. Derived from the firm’s Gateway Enterprise Metrics platform that debuted in 2017, the results show that the 12 …

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PayRange Debuts PayRange Air and other Digital Transactions News briefs from 9/10/10

Merchant processor Paysafe launched Paysafe Accelerated Funding, which allows merchants to receive settlement of funds on the same day or next day. The service relies on arrangements the company has made with Ingo Money, a push-payments provider, and Company.com, a business-software aggregator. Vending-payments specialist PayRange Inc. launched PayRange Air, a …

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