May 19, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
E-commerce facilitator WooCommerce launched WooCommerce Payments to provide checkout and payments-management capability for merchants on its platform. Transaction fees start at 2.9% plus 30 cents for U.S.-issued cards.ACI Worldwide Inc. announced Wundr Group Ltd., a retail payments platform specializing in cross-border transactions, will use ACI’s UP eCommerce Payments technology, which links to card-transaction …
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May 18, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Electronic Bill Payment, Fraud & Security, Mobile Commerce, Transaction Processing
Twenty-seven percent of U.S. consumers are past due on an at least one bill and nearly 50% will need a year to catch up on bills because of the Covid-19 pandemic, finds a study from YouGov and ACI Worldwide Inc. Of the nearly 1,400 surveyed, 81% said their mortgages and 78% said …
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May 14, 2020
Acquiring, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Transaction Processing
Payments providers and acquirers are having to quickly adjust to evolving risk practices as chargeback volume and return rates change during the nationwide Covid-19 containment. That’s important because the Federal Trade Commission, in particular, is using these two metrics as potential indicators of misdeeds, advised panelists Wednesday in the “Regulatory …
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May 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Transaction Processing
With the world rushing to their phones, tablets, and PCs to buy what they need and want at a time when most physical stores are closed, the payment networks are maneuvering to smooth out online transactions. This includes chucking clunky checkouts and opening the way for transactions to go ahead …
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May 13, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Amid stay-at-home and social-distancing orders, 40% of consumers say they will shop online more in the future than in-store, while 45% are using a mobile wallet and 16% are using paper currency less, according to a survey of 1,030 consumers by Fidelity National Information Services Inc. (FIS). Some 31% will use …
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May 12, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Transaction Processing
The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.Cardlytics Inc., which plans marketing programs based on intelligence gathered …
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May 7, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Fidelity National Information Services Inc. (FIS) reported $935 million in revenue in its merchant solutions segment in the first quarter of 2020, a 1,770% increase from $50 million a year ago. That’s a reflection of the integration of acquirer Worldpay, which FIS purchased last year. Sales were up in non-discretionary verticals, online …
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May 6, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Smart Cards, Transaction Processing
Payment card manufacturer CPI Card Group Inc. said first-quarter sales of credit and debit cards rose 22% from a year earlier to $59.8 million, driven in part by strong demand for dual-interface EMV cards that support contactless payments. The company reported first-quarter net income of $2.42 million versus a loss of $3.06 …
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May 5, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Mobile Wallets, Point-of-sale, Transaction Processing
American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 …
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May 4, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Payments processor Computer Services Inc. reported record revenue of $284.2 million for fiscal 2020 ended Feb. 29, up 8% year-over-year. Revenue for the fiscal fourth quarter came to $72.7, also a record, up 14.1% year-over-year. For the coming months, the company said it expects Covid-19 will depress sales of new products and …
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