March 20, 2020
Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Chargeback Gurus released guidance on the potential for chargebacks as consumers and merchants contend with the effects of the coronavirus infection.Email-security firm Armorblox Inc. said it will provide its services free to companies with between 100 and 2,000 employees until April 30 to help guard against social-engineering attacks exploiting the Covid-19 pandemic.A cryptocurrency …
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March 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
In the face of the Covid-19 pandemic, 7-Eleven Inc. said its home-delivery service has added a “contactless” option in which customers can indicate they want the delivery left at the door. The company’s 7NOW delivery app counts more than 30 million enrolled households.MoneyGram International Inc. reported its online transactions grew 60% year-over-year in …
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March 17, 2020
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
With the nation hunkering down to slow the spread of Covid-19, American Express Co. said Tuesday it expects its first-quarter revenues, adjusted for currency fluctuations, to grow only 2% to 4% year-over-year. In contrast, AmEx’s revenues net of interest expense rose 7% to $10.4 billion in 2019’s first quarter. In …
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March 17, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Repay Holdings Corp. said its 2019 card payment volume of $10.7 billion was a 44% increase over the combined 2018 figures for its constituent units, the Atlanta-based processor reported Monday. Formed in mid-2019 through the merger of Hawk Parent Holdings LLC and a subsidiary of Thunder Bridge Acquisition Ltd., Repay …
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March 17, 2020
Acquiring, Competitive Strategies, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Transact, the Electronic Transactions Association’s annual conference, has been canceled because of the Covid-19 public health emergency.Kount Inc. launched Kount Control, technology it says will allow companies to fight malicious logins and bots, credential stuffing, and brute-force attacks without interfering with legitimate transactions.Mobile-commerce provider Bango Plc said it is providing carrier-billing services for …
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March 13, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Point-of-sale
The Electronic Transactions Association said Thursday it will take on a bigger role in Canada. The Washington, D.C.-based trade group, which has represented the interests of payments-technology and merchant-acquiring firms before the Canadian government for the past two years, will now also take on liaisons with the card networks and …
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March 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Issuing/Originating, Marketing, Person-to-Person Payments, Point-of-sale, Transaction Processing
Airport restaurant and retail operator OTG Experience LLC says it will be one of the first retailers to use Amazon.com Inc.’s “Just Walk Out” cashierless technology, the system that powers Amazon’s Amazon Go stores, when it opens a CIBO Express Gourmet Market next week in Terminal C of Newark Liberty International Airport.A technology …
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March 12, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider North American Bancard LLC launched two new compensation programs for sales agents, including a restructured bonus program and a portfolio buyout program that includes an opportunity for qualified sales agents to have a portion of their residuals purchased.Processor Wirecard AG is partnering with point-of-sale credit specialist Klarna AB to integrate all of …
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March 10, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
As merchants expect more consolidated services from their point-of-sale systems, payments providers are listening and acting. Merchant processor Shift4 Payments LLC said Tuesday that its suite of restaurant POS systems now has an integration with TakeOut7 Inc., an online-ordering service. This enables orders placed via TakeOut7 to sync with Shift4’s …
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March 10, 2020
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Person-to-Person Payments, Transaction Processing
The Western Union Co. launched WU Incoming Payments for Legal, a service aimed at allowing U.S. law firms to accept foreign payments without bank-processing fees.Payments provider Usio Inc. said InsureSmith, which provides insurance brokerage software products, integrated Usio’s PayFac-in-a-Box service to enable users to pay premiums directly through the InsureSmith platform.E-commerce services provider Signifyd announced …
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