Wednesday , October 16, 2019

Stripe Backs Step Mobile and other Digital Transactions News briefs from 6/7/19

  • Step Mobile Inc., a startup financial-services firm focusing on teens, raised $22.5 million in a Series A funding round led by payment processor Stripe Inc.
  • Nearly 51% of retailers surveyed for the latest annual loss-prevention and security report from the National Retail Federation said risks and threats from return fraud, including fraudulent buy online/pick up in store schemes, have become much more of a priority for their companies over the past five years.
  • Entrust Datacard, a provider of card-issuance and authentication systems, said it completed its previously-announced purchase of nCipher Security, the former hardware-security module business of Thales.
  • Some 40% of U.S. consumers surveyed say they are receiving rewards with their debit card, Mercator Advisory Group said in a new research report.
  • Nearly four in 10 Canadians who use Bitcoin are dissatisfied with the number of businesses that accept the cryptocurrency for payments, according to new research from Payments Canada and Corbin Partners.



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