Thursday , March 28, 2024

News

May, 2017

  • 8 May

    COMMENTARY: ISO 20022: The Foundation for Payments Modernization in Canada

    Today, Canadian businesses and financial institutions employ several different standards or “languages” to make and receive payments across systems, financial markets and borders. Payments are also lacking valuable data, such as invoice or remittance information – which is key to automated processing and electronic payments. To mitigate these issues, labor-intensive …

  • 8 May

    First Data’s Small-Merchant Attrition Improves, but Leads from Bank Joint Ventures Soften

    First Data Corp. reported Monday that transaction volume in its North American merchant-acquiring business grew 7% year-over-year in the first quarter to 11.5 billion. Attrition in First Data’s direct small and mid-sized (SMB) merchant business, which had been a problem for more than a year, improved, but sales leads from …

  • 8 May

    Index Notes 1-Second EMV Checkout and other Digital Transactions News briefs

    • Visa Inc. announced that its 3-D Secure 2.0 program will begin in April 2019. 3-D Secure 2.0 is a measure managed by EMVCo that shares e-commerce transaction data between merchants and issuers in an effort to thwart fraudulent transactions and approve valid ones. EMVCo released the updated spec in October 2016. • Visa said grocer …

  • 5 May

    Instant Financing Attraction and other Digital Transactions New briefs

    • Repeal of the Durbin Amendment took a step closer to reality with the passage of the Financial Choice Act by the House Financial Services Committee by a 34-26 vote. The full House is expected to take up the bill by the end of the month. • MoneyGram International Inc. said …

  • 4 May

    Sage Payments Solutions for Sale and other Digital Transactions News briefs

    • Two executives of Commerce Payment Systems, which had been a Hewlett, N.Y.-based independent sales organization, have been charged in a $30 million scheme that overbilled more than 10,000 merchants, announced the U.S. Attorney for the Southern District of New York this week following the unsealing of an indictment. The charges …

  • 4 May

    How the Shift to Mobile Is Fueling Online Consumers’ Interest in Instant Financing

    Online merchants looking to increase their sales volume may want to consider offering instant financing. A study by Researchscape International reveals that 75% of respondents would be more likely to purchase from an online retailer that offers instant financing than one that does not. Another 28% said they would be …

  • 4 May

    CPI Card Group’s Shares Take a Hit as EMV Card Sales and Revenues Plunge

    Shares of payment card manufacturer CPI Card Group Inc. dropped almost 17% Thursday in the wake of slipping EMV chip card sales, falling revenues, and a net loss in the first quarter. The Littleton, Colo.-based firm said quarterly net sales declined 35% year-over-year to $56 million. Product net sales plunged …

  • 4 May

    Speedpass+ Adds Ford In-Car Fuel Payments and Apple Watch Compatibility

    Paying for fuel at an Exxon Mobil Corp. gas station just got even easier. That is, for those who use the ExxonMobil Speedpass+ mobile app and drive a Ford vehicle with SYNC3 technology or use Apple Inc.’s Apple Watch. Speedpass+, which also is available for Android devices and offers Samsung …

  • 3 May

    An Epidemic of Card Testing Floods Merchants With Chargebacks And False Positives

    Criminals purchasing stolen credit card data know they have a short window of opportunity to cash in before the accounts are shut down. Manually sifting through the hundreds, even thousands, of accounts bought in bulk can take more time than criminals have, which is why they are increasingly relying on …

  • 3 May

    Fleetcor To Expand Its B2B Payment Footprint With Pending Cambridge Acquisition

    Fleetcor Technologies Inc., a big provider of fleet-fueling, payroll payments, and gift card services, said it has a definitive agreement to acquire Cambridge Global Payments, a Toronto-based processor of cross-border business-to-business payments that handles $20 billion annually in vendor and employee payments for 13,000 companies. The purchase price is C$900 …

Digital Transactions