Monday , November 29, 2021

News

November, 2021

  • 19 November

    Nium Teams Up With Roxe to Enable Real-Time Cross-Border Payments

    As part of its efforts to expand real-time payments globally, financial-service technology provider Nium Pte. Ltd., has partnered with Roxe, a global payment network that uses blockchain technology to settle transactions. The partnership will allow Roxe to leverage the reach of Nium’s network to initiate cross-border payouts, including those from …

  • 19 November

    A New X9 Standard Seeks to Help Firms Fend off Theft of Sensitive Financial Data

    As data compromises of various sorts continue to threaten the security of digital payments, the Accredited Standards Committee X9 Inc. this week issued a standard it says covers both data protection and breach notification. The new standard, “Financial and Personal Data Protection and Breach Notification,” also known as X9.141, is …

  • 19 November

    U.S. Households Spend $380 Billion on Utility Bills, doxo Says and other Digital Transactions News briefs from 11/19/21

    A survey from bill-payment provider doxo Inc. indicates U.S. households spend $380 billion annually on utility bills, with utility costs across the doxo platform up 4% in October compared to the same month last year.Mobile parking-payments app provider PayByPhone Technologies Inc. launched PayByPhone Business, an app for fleet-parking management.Robert Blair is joining payments platform Fintainium as president. …

  • 18 November

    Shift4 Denies EVO Rumors and other Digital Transactions News briefs from 11/18/21

    Shift4 Payments Inc. denied what it called “media reports” that it is pursuing an acquisition of EVO Payments Inc. Shift4 is “focused on supporting … new growth verticals” instead, the company said.Microsoft Corp. is testing buy now, pay later capability in its Edge browser. In conjunction with Zip Co. Ltd., the BNPL service is at the …

  • 18 November

    As E-Commerce Soars, Square Launches a Photo App to Ease Product Displays Online

    With consumers flocking to e-commerce sites, elements such as photos, logos, and artwork are taking on greater importance in helping to generate clicks and transactions. Recognizing that online retailers posting product pictures sell more than those that don’t, Square Inc. late Wednesday introduced Square Photo Studio, an app that enables …

  • 17 November

    Amazon Gets Aggressive Against Visa in the U.K., But It May Need Allies

    In the latest battle of the titans over credit card interchange, Amazon.com Inc. may enjoy the advantage of size but could be pursuing a risky strategy unless other retailers line up with it, according to a long-time observer of transaction-pricing dustups. The massive online merchant on Wednesday said it will …

  • 17 November

    Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network

    To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network.  Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …

  • 17 November

    As Developers Gain More Access, Gateways Become Prime Candidates for M&A, a Report Finds

    As integrated-payments competition intensifies, payment gateways are responding by making it easier for developers to access and use vital technical information. Indeed, more gateways—65% of them—analyzed in The Strawhecker Group’s annual Payment Gateway Directory, sponsored by MCAG, have open developer-center pages. This compares with 48% that did so in 2020. …

  • 17 November

    NAB Debuts Developer Hub and other Digital Transactions News briefs from 11/17/21

    Payments provider North American Bancard LLC launched its Payments Hub Developer Portal, aimed at allowing developers to view specifications for application programming interfaces, see product information, and link directly to NAB sales and engineering personnel.Buy now, pay later specialist Splitit Payments Ltd. said it will offer its service on purchases by users of the …

  • 16 November

    Fraud Looms As an Even Bigger Threat During the Upcoming Holiday Season

    Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says.  Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …

Digital Transactions