Friday , September 20, 2019

News

September, 2019

  • 12 September

    An ISO’s Dry Cleaning Stake and other Digital Transactions News briefs from 9/12/19

    United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …

  • 11 September

    In Six Months, There Has Been 13% Growth in Online Cyber Attacks, Says LexisNexis Risk Solutions

    Cyber criminals took no time off in the first six months of 2019 as human-initiated attacks against online sites grew by 13% from the same period a year ago, finds the LexisNexis Risk Solutions Cybercrime Report released Tuesday. Bots, too, evolved to target new account creations. Bot attacks targeting new …

  • 11 September

    Backers Seek Clarity on Libra’s Status And Say They Will File for a Payment-System License

    The Libra Association announced Wednesday it has filed a request with the Swiss Financial Market Supervisory Authority (FINMA) for a ruling that would clarify Libra’s status and that of the Libra coin. The association also said it plans to file an application with FINMA for a license to operate as …

  • 11 September

    Mastercard’s Cross-Border Clearing Role and other Digital Transactions News briefs from 9/11/19

    Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …

  • 10 September

    Chase And Its WePay Unit Aim Faster Funding at Cash-Flow Conscious Sellers

    Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …

  • 10 September

    Stripe Debuts A Credit Card and other Digital Transactions News briefs from 9/10/19

    Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …

  • 9 September

    Pricing, Disputed Transactions Among Undetermined FedNow Issues

    The Federal Reserve’s proposed FedNow real-time payments service won’t be live for more than three years, but bankers and other interested parties peppered two Fed officials with plenty of questions about it Monday. The occasion was a 90-minute webinar in which the officials reviewed the ambitious FedNow plans unveiled last …

  • 9 September

    Five Years On, Is Apple Pay Ready To Bloom At Last?

    Five years ago, Apple Inc. laid claim to offering one of the first smart phone-based mobile-payment services, and now some observers say Apple Pay, with an estimated 43% of iPhone owners using the service, may be poised to score a breakthrough. Apple Pay was announced with great fanfare Sept. 9, …

  • 9 September

    USAT Gets Nasdaq Extension and other Digital Transactions News briefs from 9/9/19

    The Nasdaq Stock Market LLC granted an extension to USA Technologies Inc. allowing the provider of vending-machine payments technology more time to file financial statements. The new deadline is Sept. 23.Everlink Payment Services Inc., a payments provider in Canada, expanded deployment of the UP Payments Risk Management platform to eScore, Everlink’s machine-learning antifraud service. …

  • 9 September

    COMMENTARY: Why Software is Eating Payments (Part 2)

    As the payment-facilitator model matures, hundreds of thousands of fintech and software-as-a-service (SaaS) companies worldwide are realizing they can provide a better customer experience and increase revenues and valuation by becoming a payment facilitator (PF). We’re seeing companies spanning every imaginable software vertical take over their payments business.  Companies like …

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