Credit Cards

Acquirers are jumping into 2020 with major rebranding and PCI-compliance programs. First up is National Payment Systems. The Portland, Ore.-based company has a new name—Boom Commerce—and has expanded its executive team, the payments provider announced.  Helping to propel this shift is a credit facility with Acrewood Holdings LLC, a Bryn …

Data-security provider Very Good Security (VGS) announced an investment by Visa Inc. The amount of the investment was not disclosed.In related news, Visa announced it has met its goal to use 100% renewable electricity by 2020 across its worldwide operations. Visa set the goal in 2018.Google said it acquired Pointy, a company that helps local retailers …

Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …

Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …

Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …

In what could be the first time a stadium has been named after a payment platform, First Data Field, the St. Lucie, Fla. spring-training home of the New York Mets and the regular-season home of the St. Lucie Mets, the New York Mets’ Advanced-A minor-league affiliate, will have a new …

The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.Ternio LLC said it has cut the minimum balance on its …

Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …

For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …

Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …