June 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Smart Cards, Transaction Processing
Amadis, a payment software provider, announced an EMV migration product for petroleum and convenience stores. In conjunction with Advanced Mobile Payment Inc. and Texas Engineering Consulting Systems and Services, Amadis developed a proprietary Android-based contactless pay-at-the-pump product that decouples the fuel pump dispenser from the point-of-sale system, enabling payment authorization to take …
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June 23, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Transaction Processing
Visa Inc. said its Visa Token Service has now issued more than 1 billion tokens globally, with more than 680 million tokens issued in the past 12 months. Tokens replace Visa account numbers with data strings that are useless if stolen.Authentication services provider Giact released its “The Changing Landscape of Identity Fraud: Fraudsters Strike …
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June 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Transaction Processing
More older consumers—those 45 years old or more—are likely to pick up online shopping as a routine shopping channel, predicts eMarketer Inc. The New York City-based research firm forecasts a 5.8% increase in the number of online shoppers in that demographic. That is up from the earlier forecast of 3.2%. …
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June 22, 2020
Acquiring, ATMs, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Maverick Payments launched its payment gateway, which supports 3-D Secure, account updaters, and interchange optimization.Digital-payments technology provider Checkout.com announced a $150 million Series B funding round, valuing the company at $5.5 billion. The round, led by technology fund Coatue, tripled the company’s value.ATM and point-of-sale hardware and software provider Diebold Nixdorf Inc. said it generated …
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June 19, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Transaction Processing
Splitit Payments Ltd. announced Thursday that it had signed a multiyear agreement with Mastercard Inc. intended to accelerate adoption of its installment-payment service for online merchants. The distribution agreement opens the possibility of Mastercard-accepting merchants offering Splitit as a financing option to their customers. New York City-based Splitit also has …
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June 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
E-commerce spending in the United States surged 93% in May, compared to May 2019, according to Mastercard Inc.’s SpendingPulse data service.Installment-payment technology provider Splitit Payments Ltd. said it signed a multiyear deal with Mastercard Inc. to provide access to Splitit’s installment options through Mastercard’s merchant network. Split and Mastercard also plan to jointly …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Pricing, Transaction Processing
Merchants in the United Kingdom won an important battle against interchange fees on Wednesday but it remains uncertain just how much that will mean to them in terms of remuneration from Visa Inc. and Mastercard Inc. The case also could have ramifications for similar action in the U.S. market, some …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Marketing, Point-of-sale
Store card provider Synchrony Financial on Wednesday launched a program that offers small businesses grants through community organizations and includes access to digital payment tools and consulting services. The initiative comes as many small businesses struggle with the economic disruption caused by the Covid-19 pandemic as well as closures and damage …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Mastercard Inc. announced Amazon.com Inc. will start using tokens to replace actual customer card data throughout 2020. Tokenization replaces actual card data with data strings that are meaningless to outside parties. The process also permits automatic credential updating when cards expire.Payments card standards body EMVCo made it official—consumer-facing online-payment checkout options based on …
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June 16, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale
In the wake of Covid-19, merchants continue to see more features added to cloud-based point-of-sale systems. In the latest updates, Lightspeed POS Inc. introduced on Tuesday new e-commerce services, including shipping, curbside pick-up, and appointment setting. And Revel Systems Inc. has refined its online ordering and order-pickup management. First up, …
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