March 17, 2020
Acquiring, Competitive Strategies, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Transact, the Electronic Transactions Association’s annual conference, has been canceled because of the Covid-19 public health emergency.Kount Inc. launched Kount Control, technology it says will allow companies to fight malicious logins and bots, credential stuffing, and brute-force attacks without interfering with legitimate transactions.Mobile-commerce provider Bango Plc said it is providing carrier-billing services for …
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March 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
So, how much will Covid-19 have affected payment card dollar and transaction volumes when the card networks and merchant processors report their first-quarter financials beginning in about a month? At this point, it’s way too early to tell. An early read might come Tuesday when American Express Co. is scheduled …
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March 16, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Law and Regulation, Point-of-sale, Prepaid Cards, Pricing, Transaction Processing
Nacha’s Smarter Faster Payments 2020 Conference has been canceled because of concerns related to the novel coronavirus. Nacha said it is trying to develop a free virtual event with select educational content. Next year’s conference is scheduled for April 25-28 in San Francisco.Dueling bills have been introduced in the Delaware Legislature that would …
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March 13, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Point-of-sale
The Electronic Transactions Association said Thursday it will take on a bigger role in Canada. The Washington, D.C.-based trade group, which has represented the interests of payments-technology and merchant-acquiring firms before the Canadian government for the past two years, will now also take on liaisons with the card networks and …
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March 13, 2020
Acquiring, Competitive Strategies, Person-to-Person Payments, Point-of-sale, Pricing
The unprecedented impact of dealing with the coronavirus outbreak encircling the globe has hit close to the payments industry. Several conferences have been postponed or canceled, and one vendor has set up a relief fund for merchants. Point-of-sale system maker Revel Systems Inc. created the Revel Relief Program, which can help …
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March 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Issuing/Originating, Marketing, Person-to-Person Payments, Point-of-sale, Transaction Processing
Airport restaurant and retail operator OTG Experience LLC says it will be one of the first retailers to use Amazon.com Inc.’s “Just Walk Out” cashierless technology, the system that powers Amazon’s Amazon Go stores, when it opens a CIBO Express Gourmet Market next week in Terminal C of Newark Liberty International Airport.A technology …
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March 12, 2020
Acquiring, Electronic Bill Payment, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
The electronic-payments industry is settling into a ride-it-out mode as panic selling resumed Thursday on Wall Street over the coronavirus, now deemed a pandemic by the World Health Organization. The Dow Jones Industrial Average opened down 1,700 points, and most payments stocks went over the cliff with it. In late-morning …
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March 12, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider North American Bancard LLC launched two new compensation programs for sales agents, including a restructured bonus program and a portfolio buyout program that includes an opportunity for qualified sales agents to have a portion of their residuals purchased.Processor Wirecard AG is partnering with point-of-sale credit specialist Klarna AB to integrate all of …
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March 11, 2020
Acquiring, Competitive Strategies, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Fast-growing payment technology and software provider SpotOn Transact Inc. said Wednesday that it raised $50 million in a Series B funding round that included 01 Advisors, an investment firm led by three former Twitter Inc. executives. SpotOn, which says its revenues increased by more than 150% in 2019, will use …
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March 11, 2020
Acquiring, Competitive Strategies, Digital Currency, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Novo Dia Group, a developer of point-of-sale software for electronic benefits transfer and other payments, said it has integrated with Square Inc.’s platform and enhanced its main product, Mobile Market, which it has renamed TotalPay.College payment-processing specialist PayMyTuition said it has developed a service that allows colleges and universities to settle cross-border …
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