Thursday , November 26, 2020

Cardlytics Files an IPO and other Digital Transactions News briefs from 1/15/18

  • Cardlytics Inc., which provides marketers with payment card purchase information as well as ACH and bill-payment data from 2,000 partner financial institutions, filed for a $75 million initial public offering. Cardlytics says that in 2016 its platform analyzed more than 18 billion online and in-store transactions across more than 94 million accounts, representing 20% of debit and credit card swipes in the U.S. Founded in 2008, Cardlytics reported revenues of $91.9 million in 2017’s first nine months, up 19% year over year, and a net loss of $15.6 million versus a $68.7 million loss in equivalent 2016 period. The company plans to list its stock on the NASDAQ Global Market under the symbol CDLX.
  • Having just announced it will make signature authentication optional, Visa Inc. said over the weekend it has started pilots with Mountain America Credit Union and Bank of Cyprus to test fingerprint recognition on dual-interface cards, which support both chip-based and contactless EMV.
  • Also over the weekend, Visa said its so-called sensory-branding technology is now available for testing with merchants, terminal companies, and developers. The technology signals completed transactions in situations involving voice command, networked appliances, and wearables by triggering a unique sound, animation, or vibration. Terminal makers Equinox Payments, Ingenico Group, Poynt, and VeriFone Systems Inc. have agreed to conduct pilots in the coming year, Visa said.
  • David’s Bridal has deployed iSC Touch 250 smart terminals from Ingenico Group at more than 300 U.S. stores to enable tokenization and EMV acceptance through payments provider Aurus.
  • While e-commerce transactions grew by 19% from Thanksgiving through Dec. 31 compared to the same period in 2016, fraud attempts increased by 22%, according to online-payments provider ACI Worldwide Inc.
  • In an effort to provide more payment options to the estimated 4 million Chinese visitors to the U.S. each year, prepaid card services provider Blackhawk Network Holdings Inc. said it will offer acceptance of the China-based Alipay mobile-payments service through its partner retailers.

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