Competitive Strategies

Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …

Digital gift cards are a hot product, and that’s attracting the interest of payments players looking to make acquisitions to enter or bulk up their assets in this market. In the latest deal, the Hamilton, Ontario-based point-of-sale payments platform Ackroo Inc. early Tuesday announced it has agreed to acquire the …

Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …

Merchants and financial institutions that use 3-D Secure to help vet online transactions in markets that require its use see fraud rates that are three to six times lower than for all card-not-present transactions. That’s one finding from a Outseer-sponsored report completed by the research and consulting firm Datos Insights. …

Payments provider Bluefin announced it is working with ID Tech, a payments-technology firm, to provide Bluefin clients with Advanced Encryption Standard (AES) technology validated by Payment Card Industry data-security rules. Mobile apps have accounted for 11% of e-commerce holiday-season sales volume so far, up from 9.6% last year, according to data from Signifyd, …

The U.S.-based card-issuing platform Marqeta Inc. announced it is working with Credi2, a Europe-focused provider of embedded-finance technology, to offer a buy now, pay later service tailored for bank cards. Topper, a fiat-to-crypto utility that is part of the Uphold financial platform, has added Apple Pay and Google Pay as payment options …

A new federal lawsuit against Apple Inc. alleges the iPhone maker restricts competition in peer-to-peer payments by hampering rivalry with its own Apple Cash app. The restrictions, the suit charges, include provisions against what the suit calls “feature competition,” such as cryptocurrency payments, that could moderate pricing for peer-to-peer payment …

Real-time account-to-account payments provider AppBrilliance announced it closed an investment from Truist Ventures, the venture-capital arm of Truist Financial. Terms were not announced. AppBrilliance works with The Clearing House’s Real Time Payments network as well as FedNow, the real-time network from the Federal Reserve. Pay Plantation LLC, whose payment gateway allows merchants to accept e-checks …

The People’s Bank of China and the National Administration of Financial Regulation, China’s financial regulatory body, on Monday greenlighted Mastercard Inc.’s joint venture, Mastercard NUCC Information Technology (Beijing) Co. Ltd, to commence domestic bankcard clearing in China. The approval process took about three years. In February 2020, China’s central bank …

With Black Friday and Cyber Monday days away, one prediction calls for consumers to spend an average of $567 in the Thursday through Monday period. Released by consulting and advisory firm Deloitte, the forecast says that average spend will be 13% higher than in the same period in 2022. Perhaps …