Vendor Signifyd Inc. said it lined up $100 million in funding to fuel its growth as an e-commerce fraud-prevention specialist. Announced this week, the Series D funding comes as retailers struggle to find effective ways to counter sophisticated online criminals amidst burgeoning online sales. E-commerce fraud over a two-year period through …
Read More »Eye on Virtual Cards: A New API And New Software Promise to Ease a Heavy Burden
Three companies on Thursday released technology aimed at streamlining virtual cards, digital versions of familiar plastic credit cards that banks can issue to consumers and businesses. Switch Inc. unveiled a version of its Cardsavr card-on-file technology that issuers can integrate now. The new release automates the entry and updating chore …
Read More »Generation Z Emerges With a New Way of Thinking About Payments
Generation Z is about to become a major force in financial services and payments, and that will change how payments providers market their services to them. That assertion, in the “Technologies Influencing Generation Z Payments Adoption” report released this week by Javelin Strategy & Research, is based, in part, on …
Read More »Will A Wider Array of NFC Functions Help Boost Apple Pay?
Ever since Apple Pay launched in the fall of 2014, observers have questioned why the mobile-payment service hasn’t caught on with consumers. One possibility is that the service’s contactless capability remains foreign to most consumers. That could change next month, when Apple Inc. is expected to widen the range of …
Read More »Cryptocurrencies Take off With Travel Site CheapAir.com
Customer demand has prompted CheapAir.com to accept three more cryptocurrencies in addition to Bitcoin, which the travel-booking site began accepting in 2013. The new ones are Litecoin, Bitcoin Cash, and Dash. These three currencies promise faster transaction times and lower fees than Bitcoin and are the most-requested cryptocurrencies among those customers …
Read More »Time’s Up: What Will Be the Impact of Europe’s GDPR on U.S. Payments Companies?
Procrastination is no longer an option. Time to comply with the massive General Data Protection Regulation for businesses that collect data about European Union consumers has run out. And with the regulation going into effect Friday, many U.S. payments companies have found they, too, have had to change their data-collection …
Read More »Worldpay Shoots to Top U.S. Merchant Acquirer Spot As Integrated Software Model Takes Over
What do you get when you add 4 and 11? In the case of Worldpay Inc., it’s 1. The merged version of the former Vantiv Inc. and Worldpay plc moved to the number-one position in The Strawhecker Group’s annual directory of U.S. merchant acquirers. Released Monday, the directory ranks industry …
Read More »COMMENTARY: Here’s How the Big Card Networks Can Make Their Common Buy Button a Winner
The digital payments innovators used to be Mastercard and Visa, but with the rise of PayPal, it’s been a new game. Then along came Alipay and Apple Pay and many other local or specialized payment methods, making the playing field even more competitive for these card payment platforms. Visa Checkout …
Read More »No Time to Lose With The Daunting Task of Securing Payments for the Internet of Things
The proliferation of smart watches, voice commerce, and vehicle-based payments has got merchants abuzz about the potential for making purchases more convenient. But securing these payments is a scattershot affair, with each provider wielding its own protocols, attendees learned at the CNP Expo this week in Orlando, Fla. Payments companies …
Read More »PayPal Is Buying Sweden’s iZettle for $2.2 Billion
In its biggest acquisition yet, PayPal Holdings Inc. is buying Stockholm-based payments firm iZettle AB for $2.2 billion. The San Jose, Calif.-based online payments provider late Thursday confirmed an afternoon of rumors about the pending deal. Jacob de Geer, iZettle’s chief executive and co-founder, will stay on after the acquisition’s …
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