June 16, 2021
Acquiring, ATMs, Competitive Strategies, E-Commerce, Electronic Bill Payment, Fraud & Security, Law and Regulation, Mergers & Acquisitions, Mobile Commerce, Point-of-sale
Payments provider Repay Holdings Corp. closed on its $503-million cash-and-stock acquisition of BillingTree, an 18-year-old payments-technology provider. The deal, the largest in Repay’s history, was announced May 10.NCR Corp. said it expects to close its $2.5-billion acquisition of ATM-network specialist Cardtronics plc on June 21. The merger agreement was announced in January.Freight-payments provider PayCargo received a $125-million Series …
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June 15, 2021
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale
American Express Co. said its Kabbage unit now offers Kabbage Checking to U.S. small businesses. AmEx also said it now offers Kabbage Funding to small businesses with lines of credit ranging from $1,000 to $150,000.Global Payments Inc. has launched a point-of-sale application that operates on commercially-available, off-the-shelf mobile phones, reported The Paypers …
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June 14, 2021
Competitive Strategies, Fraud & Security, Issuing/Originating, Marketing
Widespread theft of online data is driving businesses to seek out alternatives to passwords and usernames for sensitive information, a demand that led point-of-sale device provider MagTek Inc. to develop technology that helps lock up data while taking the company into a new and broader market, which includes medical data, …
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June 14, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Transaction Processing
Payments provider Adyen NV announced the Office of the Comptroller of the Currency has approved the company’s application for a federal foreign branch in San Francisco. The Federal Reserve granted its approval in May. Adyen says the U.S. branch license will allow its single platform to scale and introduce more services for …
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June 9, 2021
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Electronic Bill Payment, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
A survey from Fast, an online checkout provider, found that 86% of U.S. shoppers have abandoned an online shopping cart. Of the 1,004 consumers surveyed earlier this month, 55% said they would be more likely to make an online purchase if there was a quicker, easier way to buy directly from …
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June 8, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Marketing, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …
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June 4, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
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June 3, 2021
Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Real-time Payments, Transaction Processing
With the Covid-19 pandemic prompting consumers to adopt online commerce and mobile-banking apps in droves, Fair Isaac Corp. (FICO) is betting the latest release of its FICO Falcon Fraud Manager for Retail Banking will give financial institutions a leg up on detecting push-payment fraud. The fraud occurs when a consumer …
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June 3, 2021
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …
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June 2, 2021
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Transaction Processing
In an effort to stymie card-not-present fraud, which has been on the rise during the Covid-19 pandemic, American Express Co. on Wednesday announced its Enhanced Authorization fraud-detection application is being made available to three major platforms—those of Accertify Inc., Microsoft Corp., and Riskified Ltd.—via an application programming interface. While the …
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