July 14, 2021
Acquiring, Competitive Strategies, Digital Currency, Issuing/Originating, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …
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July 13, 2021
Acquiring, Competitive Strategies, Marketing, Near-Field Communication (NFC), Point-of-sale
United Kingdom-based mobile-payment specialist Miura Systems is expanding its operations in North America through the introduction of PCI PTS v5 certified terminals, a turnkey semi-integrated payment application, and a hosted device-management system. Miura, which has deployed more than 3 million payment devices to more than 30 countries, is also beefing …
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July 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Wireless connectivity at faster speeds and with more reliable service could be more widely available to the payments industry in as few as two years or less. Mastercard Inc. and Verizon Communications Inc.’s Verizon Business unit announced Tuesday morning they intend to work together to make 5G connectivity available in …
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July 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
GoDaddy Inc. and Alphabet Inc.’s Google unit announced an integration that enables GoDaddy clients access to various Google online properties from GoDaddy’s online store. These clients will be able to create a Google Merchant Center account, sync their online product listing on Google, and promote their products on Google.Payments-technology startup KodyPay Ltd. announced …
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July 12, 2021
Automated Clearing House, Competitive Strategies, Mobile Wallets, Person-to-Person Payments, Transaction Processing
KyckGlobal Inc. on Monday added cross-border payment capabilities to its platform by partnering with Moneycorp, a London-based provider of foreign exchange and global payment services to individual and corporate customers. The partnership will enable KyckGlobal to facilitate cross-border payments in more than 200 countries via wire transfers and international ACH transactions, …
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July 12, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …
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July 12, 2021
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale
With volumes rising fast in both e-commerce generally and in the buy now, pay later business, BNPL payments provider Klarna AB has made a play to secure its position in both markets. The company announced Friday it has acquired Hero Towers Ltd., a 6-year-old social-shopping service that lets consumers interact …
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July 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Mobile Commerce, Point-of-sale, Prepaid Cards, Pricing, Transaction Processing
With Colorado Governor Jared Polis signing Senate Bill 21-091, repealing the state’s ban on credit card surcharging, Colorado has a surcharging law that not only ensures proper disclosure about surcharges to consumers, but mirrors the surcharging rules implemented by Visa Inc. and Mastercard Inc. The new law, signed by Polis …
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July 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Transaction Processing
The U.S. Justice Department charged two individuals in a $19 million credit card laundering scheme. Arrested were Steven Short, former head of E.M. Systems & Services LLC on charges of fraudulently obtaining credit card processing services for his allegedly deceptive Florida-based telemarketing operation. From 2012 to 2015, Short and E.M. Systems, …
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July 8, 2021
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Pricing, Transaction Processing
With his eponymous Durbin Amendment, passed into law just over a decade ago, Illinois’s senior senator intended to hurt large banks, along with Visa and Mastercard. The text, however, couldn’t be as expressly punitive as Durbin might have liked. He would likely have preferred capping debit interchange and network acquirer …
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