News

June, 2023

• 20 June

  Jack Henry Launches Fraud Detection in Real Time for a Range of Payments

  

  Jack Henry & Associates has launched PayrailzFraud Monitor, a real-time fraud-monitoring technology for payments. The cloud-native solution, which Jack Henry describes as an enhancement to its Payrailz platform, uses artificial intelligence, machine learning, and behavioral analytics to detect payments fraud as the fraud is occurring, with a scope including peer-to-peer and …
• 20 June

  Blackhawk Adds Three More Betting States for its Game On Card

  

  The new revenue opportunity associated with online gambling compels many payments companies to court gaming providers. Blackhawk Network, the prepaid card specialist, is the latest to do this with the expansion of its Game On card to Maryland, Kansas, and Wyoming. Game On cards enable consumers add funds to their …
• 20 June

  KKR in PayPal BNPL Buy up And Other Digital Transactions News briefs from 6/20/23

  

  The global investment firm KKR has agreed to purchase up to 40 billion euros ($43.7 billion) in loan receivables generated by PayPal Holdings Inc. in its buy now, pay later programs in France, Germany, Italy, Spain, and the United Kingdom. The transaction is said to include “substantially” all of the European BNPL loan portfolio …
• 19 June

  Following the U.S., ACI Launches Real Time Payments in Europe And the U.K.

  

  ACI Worldwide Inc. has launched its Instant Pay real-time payment solution in Europe and the United Kingdom. The move comes against the backdrop of a regulatory push in Europe mandating that financial institutions across the Single Euro Payments Area (SEPA) countries in Europe offer instant payments under the SEPA Instant …
• 19 June

  A No-Contract Smart POS Terminal from Helcim Debuts

  

  Helcim Inc., a Calgary, Alberta-based payments provider, launched its Helcim Smart Terminal, which it says carries no contract or monthly fees. The device, which uses the Android operating system, is priced at $349 (C$429) and will be available this summer. Among its technical capabilities is a built-in printer, a large …
• 19 June

  Citcon’s Shoplazza Tie-in And Other Digital Transactions News briefs from 6/19/23

  

  Merchants using the Shoplazza online-commerce platform can accept payments via Citcon’s technology following an integration between the two companies. A Swiss-Israeli company called Okoora launched Automatic Business Currency Management, an integrated platform for global payments, banking, and risk management. The 10-year-old cryptocurrency-payments platform Wyre said it is shutting down and advised users to withdraw their assets …
• 16 June

  Senators Cramer And Menendez Take Aim Again At Protecting Cash Purchases

  

  For decades, payments providers have sought to displace cash by attempting to move merchants toward card-based and digital payments, arguing that they are faster, more convenient, and more secure to accept than cash. Now they are finding that proponents of cash acceptance are pushing back. Late Thursday, legislation was reintroduced …
• 16 June

  Cash App And Venmo Operators Have Two Weeks To Answer Senators’ Scam Queries

  

  Cash App and Venmo, peer-to-peer payment services from Block Inc. and PayPal Holdings Inc., respectively, are under scrutiny from four U.S. senators over their fraud-protection efforts. In letters dated June 15 and sent to each company, the senators requested data on the volume of fraud reports the networks have received …
• 16 June

  These Methods Boost Conversion Rates And Other Digital Transactions News briefs from 6/16/23

  

  Online merchants that offer so-called accelerated payment methods such as Meta Pay, Amazon Pay, PayPal, Shop Pay, Apple Pay, and Google Pay potentially raise conversion rates by up to 50%. That’s according to “Leading Online Shoppers to the Finish Line,” a study of more than 220,000 e-commerce sites by Shopify …
• 15 June

  Relay Payments’ Rollout for Pilot Aims to Help Fleets Combat Fraud

  

  Relay Payments, an Atlanta-based fintech, is rolling out its digital diesel-payment platform at more than 800 Pilot Travel Centers LLC locations. Pilot, which is owned by investment firm Berkshire Hathaway Inc. and Pilot Corp., operates a chain of truck stops across the United States and Canada. In addition to its …