Issuing/Originating

Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included …

Monthly global ransomware attacks hit an all-time high in March, totaling 460. That’s a 62% increase from the same period a year earlier, and a 91% increase from the prior month, according to the fall edition of Visa Inc.’s 2023 Biannual Threats Report. Leading causes for ransomware attacks are criminals …

Cantaloupe Inc., a payments provider for the vending and self-service industries, reported it processed $703.5 million in volume in the June quarter, up 14% year-over-year, on 278.6 million transactions, up slightly from 274.6 million. It collected $64.2 million in revenue, an 11% rise. In a letter to shareholders, Innovative Payment Solutions …

Prepaid card platform Blackhawk Network said it is working with Visa Inc. to convert its Visa-branded cards from plastic to paper-based materials. Payments provider Central Payments released PayCP, its payout platform that initially includes a virtual Discover prepaid card, a physical Discover prepaid card, push to debit cards via Mastercard Send, and ACH bank …

Mastercard Inc. denies an assertion it intends to raise interchange rates in October following an Aug. 30th story in The Wall Street Journal about interchange rate adjustments expected from Mastercard and Visa Inc. in October and April. Mastercard said the article relied on a report from an advisory firm that is advocating for legislation that …

Otto, a business and payments platform for veterinary practices, announced a $43-millon Series B equity-financing round. The company, formerly called TeleVet, now claims more than 8,000 clinics. Nexo introduced its Nexo Card, a Mastercard-branded card that allows holders to use as either a credit or debit card on each transaction, with …

ATM owners are charging consumers a record high $3.15 per transaction for making out-of-network withdrawals, up slightly from $3.14 a year ago, according to Bankrate.com. The new high is also the 22nd time in the last 25 years that out-of-network fees levied by ATM owners have hit a new high. …

Restaurant point-of-sale provider Snack POS has agreed to offer EMV terminals from Pax. Soundhound AI Inc., a specialist in artificial intelligence, said it will work with online-ordering platform ChowNow to help restaurants answer and respond to customer calls. Payments provider Nayax Ltd. is working with loyalty-technology platform Giift to enable consumers to convert loyalty …

Digital wallets continue to find a foothold in payments. The latest entry is BMO Commercial Bank’s debut of Extend, a virtual card service for its app. And startup Tezro launched a digital wallet aimed at integrating banking, payments, and shopping through messaging apps consumers already use. BMO Commercial Bank, a …

Fiserv Inc. is working with data aggregator Akoya LLC to enable consumers to share their financial data with fintech and third-parties with which they do business in a way that doesn’t expose a consumer’s full banking credentials. The partnership will provide Fiserv with access to consumer data from Akoya’s network …