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March, 2022

• 21 March

  Fiserv and MX Pair Up for Expanded Open Banking

  The fast-growing field of open banking got another boost Monday when the big payment processor Fiserv Inc. announced a major industry player, MX Technologies Inc., will use its AllData Connect service. AllData Connect is part of Fiserv’s AllData Aggregation platform that provides consumer-permitted access to tokenized financial account and transaction …
• 11 March

  BofA Brings Positive Pay to Its CashPro App As Same-Day ACH Builds Momentum

  

  With momentum accelerating behind faster payments on the automated clearing house, fraud prevention is taking on a higher profile at the nation’s banks. In the latest move, Bank of America Corp. on Thursday introduced ACH Positive Pay on its CashPro mobile app. The move will let app users review and …
• 7 March

  The CFPB Turns Its Attention to Block’s Cash App

  

  Block Inc., parent company of Square Inc., has become the latest payments provider to come under the scrutiny of the Consumer Financial Protection Bureau. The CFPB, as well as attorneys general from multiple states, have requested information from Block related to how the company handles complaints and disputes from customers …
• 3 March

  It Took off During the Pandemic, And Now E-Commerce Shows No Signs Of Slowing

  

  Despite the economy reopening after the disruptions caused by the Covid-19 pandemic, e-commerce continues to boom as consumers embrace shopping online from home or via their mobile device.  A recent study from FIS Inc. reveals that e-commerce transaction values in the United States grew 10% in 2021 compared to 2020, …

February, 2022

• 28 February

  Australia’s Zip Beefs Up in the U.S. Market With a $355.5 Million All-Stock Deal for Sezzle

  

  Australian fintech Zip Co Ltd. is poised to expand its buy now, pay later services through a definitive agreement to acquire Sezzle Inc. in an all-stock deal that values Sezzle at $355.5 million, or 491 million in Australian dollars (AUS). The deal is expected to significantly expand Zip’s presence in the …
• 25 February

  Phishing Attacks Hit a Record High in the Fourth Quarter, the APWG Says

  

  Phishing attacks in December totaled 316,747, the highest monthly total ever recorded by Anti-Phishing Working Group, (APWG) since it began tracking the cybercrime in 2004. Overall, the number of phishing attacks has tripled from early 2020, when the APWG was observing between 68,000 and 94,000 attacks per month. The APWG, …
• 23 February

  Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online

  

  More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …
• 18 February

  With Consumer Payment Habits Changing, Enterprise Retailers Are Investing In Cloud POS Again

  

  During the two years since the Covid-19 pandemic hit, point-of-sale technology for enterprise merchants in the United States has gone from being a low-growth channel for POS solution and hardware providers to one that now presents significant growth opportunities, according to a report from Moody’s Investor Service. Sparking the turnaround …
• 16 February

  As Users Seek More Choices, PayNearMe Adds PayPal And Venmo To Its Bill Pay Platform

  

  Responding to demand from consumers and billers for digital bill-payment options, electronic billing and payment platform provider PayNearMe Inc. on Tuesday announced the addition of PayPal and Venmo to its payment options. A recent study by PayNearMe revealed that 43% of respondents rated the convenience of using PayPal to pay …
• 14 February

  Epos Now’s New App Links U.S. Third-Party Delivery Platforms With Restaurants

  

  With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …