Wednesday , September 19, 2018

News

September, 2018

  • 15 September

    Saving ISO Programs From Outdated Legacy Systems

    The payments industry changes quickly as new regulations and market demands force continual improvement. Legacy systems struggle to keep up, and the ISOs on those platforms feel the pain. PaymentSpring felt it was time to change that by creating a flexible new processing platform that gives ISOs and software providers …

  • 14 September

    Debit Card Users Take a Liking to Apple Pay And Other Wallets, Pulse’s Annual Survey Finds

    More mobile and contactless opportunities may be in the future for debit card issuers. The 2018 Debit Issuer Study from Houston-based Pulse Network, released this week, found 12.2% of debit cards were enrolled in Apple Inc.’s Apple Pay as of January, up from 6.3% in January 2017. Debit card enrollment …

  • 14 September

    Grubhub Closes LevelUp Deal and other Digital Transactions News briefs from 9/14/18

    Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …

  • 13 September

    Surcharging and Cash-Discount Programs Continue To Attract ISOs

    Surcharges and discounts for cash aren’t brand-new pricing tactics, but interest in them by independent sales organizations is rising because of falling legal barriers and the potential profits. Repeated sessions about the topic were packed Thursday at the Western States Acquirers Association annual conference in Scottsdale, Ariz. The presenter was Ryan …

  • 13 September

    Face-to-Face Debit Fraud Fell 5.5% Last Year As EMV Took Hold, the Latest Pulse Survey Shows

    Good news for debit card issuers emerged Thursday as a major report indicated fraud losses fell in 2017 compared to 2016. Losses on point-of-sale transactions totaled an estimated $850 million, down 5.5% from the 2016 total, according to the 2018 Debit Issuer Study from the Houston-based Pulse Network, a unit …

  • 13 September

    Eye on Apple Pay: Pay for Parking Time With an Apple Watch Tap; More iPhones With Face ID

    Consumers using PayByPhone’s app for paid parking now have another option to extend their parking time. The Volkswagen AG-owned company launched a feature for Apple Watch users to add more parking time directly from the watch without using an iPhone or visiting the meter again. The PayByPhone Apple Watch app shows …

  • 13 September

    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 …

  • 12 September

    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 …

  • 12 September

    In a Heated Merchant Market, PayPal Rolls Out Funding ‘Within Seconds’ for Select Merchants

    The topic of faster payments has won plenty of publicity in recent years, but less celebrated is the mundane business of crediting merchant accounts. That’s getting faster, too, and the latest development is a service called Funds Now, which PayPal Holdings Inc. announced Tuesday. With this service, online merchants in …

  • 12 September

    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, …