Thursday , October 22, 2020

News

October, 2020

  • 21 October

    Eye on Acceptance: Visa Rolls Out Tap to Phone; Chase Launches QuickAccept

    Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …

  • 21 October

    PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20

    PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …

  • 20 October

    QR Codes Reach the Next Stage of Development for Payments: Fraud Detection

    With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud.  The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and …

  • 20 October

    Managing Sanctions Compliance in a Global Economy: Deploying Real-Time Watch List Screening

    In today’s global economy, opportunities for growth are often accompanied by an increasingly complex landscape of rules, regulations and compliance issues. Since compliance is now an element of everyday business operations, businesses must employ a measured, holistic program with several key components, including real-time watch list screening. Through new technology, …

  • 20 October

    The ACH Recorded 9% Growth in the September Quarter Even Though Covid Aid Trailed off

    The nation’s automated clearing house network surged again in the September quarter, even with a waning of federal-assistance payments. Volume grew by double-digit percentage increases in most major categories as the network handled 6.8 billion transactions overall, up 9%, Nacha reported Tuesday. Nacha is the governing body for the network, …

  • 20 October

    Transaction Pricing Levels Out, According to a New Strawhecker Report

    Last conducted in 2016, the latest Third-Party Processing Pricing Benchmark Study from The Strawhecker Group indicates that debit and credit card transaction pricing appears to have leveled off.  The average value of an IP-connected front-end authorization and capture action in 2020 is $0.016 for jumbo wholesale acquirers, or those with …

  • 20 October

    Graylin’s and Wallner’s New Venture and other Digital Transactions News briefs from 10/20/20

    Payments industry veterans Will Graylin and George Wallner launched a fundraising campaign on Indiegogo for OV Valet, their new company that wants to offer Superkey, a fob that uses near-field communication and magnetic secure transmission technology, to enable tap-and-pay payments.Payments-technology provider VoPay International Inc. said it is working with Visa Inc. to integrate the …

  • 19 October

    Ziosk Responds to Covid’s Impact on Restaurants With More Point-of-Sale Technology Products

    Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …

  • 19 October

    Billtrust to Go Public and other Digital Transactions News briefs from 10/19/20

    Billtrust, a provider of accounts-receivable software for businesses, said it will go public at a valuation of $1.3 billion through a merger with South Mountain Merger Corp., a publicly traded special purpose acquisition company, or SPAC. Going public via a SPAC has become an increasingly popular option in recent months.In …

  • 19 October

    COMMENTARY: Super Apps Are Coming. Don’t Get Left Behind

    China has historically pioneered the evolution of money. From the ancient use of cowry shells as commodity money, the standardization of bronze coins around 1000 B.C., leather-made promissory notes during the Han dynasty, or the introduction of paper currency around the seventh century, China has shown the way. It should then come …

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