Saturday , September 22, 2018

Transaction Processing

First It Was Trading Through Cash App. Now Square Patents a Network for Crypto Acceptance

The business of getting merchants to accept cryptocurrencies like Bitcoin has started to attract independent sales organizations and payments-tech firms alike, and now Square Inc. has jumped in with a proposed service that some experts say could help the payments-technology powerhouse grab a share of online volume. The U.S. Patent …

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U.S. EMV Merchant Locations Grew by 400,000 in 2018’s First Half, Visa Data Show

Approximately 400,000 U.S. merchant locations began accepting EMV chip cards in 2018’s first six months, according to new data from Visa Inc. In its latest report on the U.S. conversion from magnetic-stripe payment cards to the EMV standard, Visa on Wednesday said 3.1 million merchant locations accepted the new cards …

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Square Reader Adds Lightning Connection and other Digital Transactions News briefs from 8/30/18

ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …

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In Separate Deals, Global Payments And Paysafe Bolster Their Integrated-Payments Efforts

In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers. Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service …

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Western Union Expands Mobile And Online Transfers to Three More Global Regions

The Western Union Co., which has been expanding its digital footprint for several years, announced a major move on Wednesday into Asia, Latin America, and the Middle East. Online and mobile money transfers will start over the next few weeks in Malaysia and Singapore, the company said, with service already …

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3.1 Million Merchants Accept Chip Cards and other Digital Transactions News briefs from 8/29/18

In its latest update about the U.S. conversion from magnetic-stripe to EMV chip cards, Visa Inc. said more than 3.1 million merchant locations accepted chip cards as of June versus only 392,000 in September 2015. The number of Visa chip cards increased 214% in that time to 499.7 million. Some …

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Cash Pick-Up Deal With Ria Brings PayPal’s Xoom to 60 More Countries

Xoom, the online money-transfer service that PayPal Holdings Inc. acquired in 2015, will enter 60 more countries and expand in 26 more under a deal announced Tuesday with Euronet Worldwide Inc.’s Ria money-transfer subsidiary. The pact enables Xoom payment recipients to pick up cash transfers from senders, most of whom …

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Mitek CEO DeBello Will Leave the Remote Deposit Capture Provider This Year

Mitek Systems Inc. announced the departure of chief executive James B. DeBello at the end of this year. The remote deposit capture provider said DeBello, who became its president and CEO in 2003 and chairman of the board in 2016, will leave Jan. 1. DeBello has served on Mitek’s board …

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An Activist Social Network Alleges PayPal Is Still Processing for Supremacist Groups

Reacting to violent clashes a year ago in Charlottesville, Va., between white supremacist groups and counter demonstrators, several major payment systems shut down access for supremacist organizations that used the systems to process donations. But now a social network devoted to activist causes says PayPal Holdings Inc. is still processing …

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Google Exec: Google Pay Represents More Than a Rebranding

To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …

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