Monday , March 25, 2019

Transaction Processing

Overstock-Backed Blockchain Firm To Power Multi-National Caribbean Digital Currency

American vacationers flock every year to the scenic islands of the Caribbean, and some day they might be using a digital version of the East Caribbean dollar to pay for a Rum Punch or Ting With a Sting. The Eastern Caribbean Central Bank, the monetary authority for the eight-country Eastern …

Read More »

Chase and Wells Expected To Give a Big Boost to Cardlytics, But Revenue Growth Will Lag

Cardlytics Inc. continues to ramp up its rewards platform to accommodate an expected tens of millions of new users coming from new big-bank clients, but revenue growth will lag customer growth for some time, company executives signaled this week. Atlanta-based Cardlytics’s main product, Cardlytics Direct, provides merchant-funded offers to consumers …

Read More »

PayActiv Enlists Visa Direct and other Digital Transactions News briefs from 3/7/19

PayActiv Inc. will use the Visa Direct platform from Visa Inc. to offer real-time deposits of earned funds to its clients’ employees. The funds can be loaded onto a Visa debit or reloadable prepaid card. PayActiv also launched its own Visa-branded general-purpose reloadable prepaid card. Testing lab Q-Card Co. said …

Read More »

Payment Card Fraud Declines, but Consumers Are Shouldering More Fraud Costs, Javelin Reports

Fewer consumers fell victim to payment card fraud in 2018, but fraud victims picked up more of the financial losses, according to Javelin Strategy & Research’s latest annual identity-fraud study. Based on the results of its 16th annual identity-fraud study, Javelin estimates that payment-related fraud affected 14.4 million consumers last …

Read More »

Eye on Contactless: CPI Card Group Sees ‘Gradual’ Growth for Dual-Interface EMV; A Cashless Forecast

Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed Wednesday morning as CPI Card Group Inc., one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” …

Read More »

Payroc Buys POS Tech Developer and other Digital Transactions News briefs from 3/6/19

Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …

Read More »

The Year of the Bot: Automated E-Commerce Attacks Balloon 206% in 2018

Criminals figured out in 2018 how to really frustrate retailers. They automated their bots to create high-volume attacks against online merchants, finds the ThreatMetrix Cybercrime Report: H2 2018. Released Tuesday by ThreatMetrix, an anti-fraud company purchased by LexisNexis Risk Solutions last year, the report finds there were 5.5 billion bot …

Read More »

The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart …

Read More »

Fleetcor To Buy Nvoicepay and other Digital Transactions News briefs from 3/5/19

Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …

Read More »

Atlanta’s Mercedes-Benz Stadium Will Go Cashless Next Weekend

While a handful of states and cities are passing laws requiring retailers to accept cash, Mercedes-Benz Stadium, home of the National Football League’s Atlanta Falcons and Major League Soccer’s Atlanta United, will go completely cashless March 10. Stadium management announced the new policy Monday, and it takes effect with Atlanta …

Read More »