Thursday , March 28, 2024

First Data Adds UnionPay Acceptance and other Digital Transactions News briefs from 10/23/17

  • Facebook Inc. has joined Visa Inc.’s Digital Enablement Program, giving the social-networking giant access to tokenization services globally.
  • First Data Corp. said it will add UnionPay International acceptance to its merchant network, enabling UnionPay cardholders traveling as tourists in the United States to use their cards in stores and online. Eventually, China-based UnionPay cards will be accepted at 4 million U.S. merchant locations served by First Data.
  • Payments provider National Merchants Association announced LeadBuy Pro, a program to assist agents and independent sales organization in working with the company.
  • The New York City area’s Metropolitan Transportation Authority is expected to announce Wednesday that it will completely replace the MetroCard, its 1990s-era magnetic-stripe fare card, by 2023 with a $573 million contactless fare-payment system from Cubic Transportation Systems, according to local press reports. The system will enable contactless payments from a mobile app, general-purpose contactless payment cards, and a new MTA card. The first subway turnstiles and buses using the system are expected to be ready in about 18 months.
  • Skimmers have been found over the past month on at least a dozen bank and retail ATMs in Chicago, local TV stations reported. Cameras to record consumers entering PINs also were found near some of the ATMs, police said.
  • Mitek Systems Inc., a provider of imaging software for mobile remote deposit capture and consumer authentication, said it is working with Asignio Inc., developer of handwriting-based biometric authentication software, to offer an identity-as-a-service solution.
  • Signet Jewelers Ltd. said it completed the first phase of outsourcing its proprietary credit program, which includes selling its prime-only accounts receivable to private-label credit card processor Alliance Data Systems Corp.
  • Digital lender Affirm Inc. released a new mobile app that lets users split online purchases into smaller payments they can make with a virtual card.

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