May 11, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Priority Technology Holdings Inc. reported first-quarter revenue of $153.2 million, up 35% year-over-year.PayBright said it will provide installment payments to passengers using CheapOair.ca, an online travel agency.Travel platform Agoda said it now offers interest-free credit card installment payments on its booking platform in a partnership with Visa Inc.E-commerce fraud protection provider Signifyd said it …
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May 10, 2022
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
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May 9, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale
Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …
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May 6, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Bank of America Institute reported that credit and debit card spending by BofA credit and debit cardholders increased 13% in April compared to the same month in 2021. Credit card dollar volume rose 22%, while spending on debit cards was up 6%. Combined transactions increased 8%.Some 43% of consumers would use …
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May 5, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The Judiciary Committee of the U.S. Senate heard testimony Wednesday from witnesses both for and against regulation of credit card interchange. Speakers represented a supermarket chain, merchant groups, Mastercard and Visa, and a bank. The hearing showed that “while more Democrats than Republicans likely would support greater intervention in the …
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May 4, 2022
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Processor Fiserv Inc. announced it is adding buy now, pay later services from Affirm Inc. to its Carat operating system. Affirm joins Bread, Synchrony, and Zip as current providers. Affirm said its service will be the first fully-integrated BNPL provider with Carat.Payments provider Rapyd Financial Networks Ltd. launched Virtual Accounts, intended to allow businesses anywhere globally …
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May 3, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Smart Cards, Transaction Processing
Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …
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May 2, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Point-of-sale, Pricing, Real-time Payments, Transaction Processing
The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …
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April 29, 2022
Acquiring, Competitive Strategies, Marketing, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …
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April 28, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Digital Currency, Electronic Bill Payment, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …
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