News

September, 2022

• 19 September

  Flexbase Technologies Brings Buy Now, Pay Later To B2B Transactions

  

  Seeking to carve out a slice of business-to-business sales, Flexbase Technologies Inc., a San Francisco-based fintech that provides financing technology to businesses, has launched a buy now pay later app for the B2B market. The app, called Flexbase Pay, provides a fresh twist on the traditional net-60 credit terms in …
• 19 September

  The Credit Card Industry Faces a Cardholder Issue on Top of Durbin’s Routing Threat

  

  As the Federal Reserve prepares to raise interest rates for what would be the fifth time this year, U.S credit card holders are already feeling the squeeze. Some 60% of all cardholders are not only in debt to the issuer, they have been in debt for a year or more, …
• 19 September

  Netcetera and Mastercard And Other Digital Transactions News briefs from 9/19/22

  

  Netcetera, a provider of digital-payments software, has joined Mastercard Engage, the card company’s global partner network.Canada-based payments provider OTT Pay Inc. has expanded to the U.S. market to offer a cross-border payments platform for global e-commerce merchants.Technologies such as smart phones and the Internet will drive digital payments volume to $19.89 trillion …
• 16 September

  Block’s Cash App Expands Its Merchant Reach in a Deal With Adyen

  

  Adyen Inc. has become the first third-party processor to offer Block Inc.’s Cash App mobile wallet to merchants. The news comes hard on the heels of reports earlier this month that Block had opened its Cash App wallet for payments to e-commerce merchants outside the Square seller network. Square is …
• 16 September

  NCR To Split into Two Companies And Other Digital Transactions News briefs from 9/16/22

  

  NCR Corp.’s board approved a plan to split the company into two publicly traded entities, one concentrating on digital commerce and the other on ATMs. The move is expected to take place at the end of next year.Warehouse-store chain BJ’s Wholesale Club said it will accept SNAP EBT payments across all of its …
• 15 September

  The CFPB’s Buy Now, Pay Later Report Offers a Regulatory Outline, But No Sweeping Overhaul

  

  Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …
• 15 September

  Dwolla And MX Aim at a Broader Approach to Open Banking

  

  The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …
• 15 September

  POPcodes And Arcum Take on ISO Attrition Rates with Targeted Messaging

  

  Having made a sale, independent sales organizations and merchant acquirers are loath to lose merchants to a competitor but they must contend with this turnover, called attrition, every day. POPcodes Inc., a smart point-of-sale terminal service provider, and Arcum Partners, an artificial intelligence firm, say they are working on reducing …
• 15 September

  CFPB Readies BNPL Rules Effort And Other Digital Transactions News briefs from 9/15/22

  

  Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency will begin to identity potential “interpretive guidance or rules to issue with the goal of ensuring that Buy Now, Pay Later firms adhere to many of the baseline protections that Congress has already established for credit cards.” This …
• 14 September

  Fiserv’s Clover Will Install 1,000+ Devices Across Three New Orleans Venues

  

  The trend toward cashless sports stadiums continues to roll like a juggernaut. ASM Global, a provider of convention-venue management and event strategy and producer of entertainment events, is installing more than 1,000 point-of-sale devices from Fiserv Inc.’s Clover Sport unit across three New Orleans sports and entertainment venues. The three …