Thursday , July 18, 2019

News

June, 2019

  • 28 June

    JCPenney Again Accepting Mobile Payments, but Technology Upgrade Is Yet To Come

    After about two months of not accepting mobile wallets, J.C. Penney Co. Inc. this month quietly resumed accepting them, apparently by firing up its old contactless-payment acceptance system. The Plano, Texas-based department-store chain with about 860 locations had turned off its contactless system that used an older technology known as …

  • 28 June

    Punchh Launches Customer Data Tool and other Digital Transactions News briefs from 6/28/19

    Digital-marketing specialist Punchh launched a product that uses machine learning to allow physical retailers to calculate the lifetime purchases of individual customers and craft marketing plans accordingly. Standards body EMVCo said it will have an educational session about the new Secure Remote Commerce specification for online payments at a U.S. …

  • 27 June

    Global AML Screening: the Technology and Best Practices that Help You Succeed

      by Computer Services, Inc. (CSI) Organizations across regulated industries are obligated to screen transactions and customers against sanctions lists, PEP lists and negative news lists in order to identify high-risk customers and transactions, and to avoid transacting with sanctioned countries, individuals and entities. And doing so is a required …

  • 27 June

    A Dispute Over Continuing Residuals Could Affect Other ISO And Agent Contracts

    In a decision that could have far-reaching implications for the merchant-acquiring industry, a U.S. District Court judge has ordered independent sales organization Electronic Merchant Systems to pay more than $5.4 million in breach-of-contract damages to a sales agent. The decision arises from a dispute over residuals and the interpretation of …

  • 27 June

    With Its New Installment-Payment APIs, Visa Enters a Crowded But Enticing Market

    Visa Inc. said on Thursday it is getting into the point-of-sale installment-payment business weeks after rival Mastercard Inc. announced it bought Austin, Texas-based POS credit fintech Vyze Inc. The move also comes as volumes are growing for the product, driven in part by offerings from non-banks like Affirm Inc. and …

  • 27 June

    Paysafe Adds Bank-Payments Service and other Digital Transactions News briefs from 6/27/19

    Paysafe Group said its Rapid Transfer online-banking payments service available in 18 European countries will be coming to the U.S. through a new partnership with Skrill USA Inc. With Rapid Transfer, consumers can make ACH or wire-transfer payments at Skrill-accepting merchants without leaving the merchant’s Web site. Via Transportation Inc., …

  • 26 June

    Eight Percent of North American Payments Fraud Is Related to Terrorism, Report Finds

    While most North American payments fraud is related to identity and organized crime, one area—terrorism—stands out in this region compared to other developed markets. Eight percent of the 154 criminals cases reviewed by information-security firm Terbium Labs in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational …

  • 26 June

    Point-of-Sale Credit Resonates Best With Regular Debit Card Holders, Research Finds

    Installment lending at the point of sale has drawn both startups and established companies, including banks, in recent years, but who among consumers finds that offer most attractive? The answer, according to New York City-based Auriemma Research, is consumers who pay with debit cards exclusively or say they prefer to. …

  • 26 June

    eBay’s Payments APIs and other Digital Transactions News briefs from 6/26/19

    EBay Inc. announced new payments application programming interfaces for developers, including a Finances API, an Account API, and a Fulfillment API. The new APIs are designed for the online marketplace’s new managed-payments program, in which the company has taken over payments processing from long-time provider and former subsidiary PayPal Holdings …

  • 25 June

    Is it time to take another look at leasing?

    NLS Equipment Finance thinks so. NLS Equipment is a new company, launching just this month, that offers both traditional and new leasing opportunities all designed to encourage ISOs to give leasing another try. These include: a special bonus program running through June 15; a Zero Payment Recourse program for qualified …

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