News

June, 2022

• 20 June

  PingPong Strengthens Its Cross-Border Payments Business With a JCB Deal

  

  Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …
• 20 June

  Payveris Adds Mobile, Text, Apps, And Other Popular Options for Loan Payments to Banks

  

  Citing a gap in the market for real-time loan repayments to financial institutions, bill-payment provider Payveris has launched Loan Payments, a service that can handle payments on debit cards and via the automated clearing house, as well as in cash. The new service comes in response to what the Cromwell, …
• 20 June

  Linxens in Biometric Card Deal and other Digital Transactions News briefs from 6/20/22

  

  Linxens Holding SAS has become the global provider of biometric smart cards produced with technology from Linxens and Idex Biometrics ASA under a new agreement. The cards feature fingerprint sensors from Idex and an NFC antenna inlay from Linxens.Blockchain-based gaming platform Aqua said it has hired former Facebook executive Sean Ryan as chief …
• 17 June

  Walmart Forges a Path for Streaming Commerce in a Deal With Roku

  

  Walmart Inc. has found another electronic outlet for its merchandise. The retailing giant announced late Thursday it will sell so-called featured products on Roku Inc.’s streaming service, with payments handled by Roku Pay. San Jose, Calif.-based Roku claims to be the largest U.S TV streaming service by hours streamed. Well-known …
• 17 June

  Visa Adjusts Its Chargeback Rules to Help Stem a Rising Tide of Friendly Fraud

  

  When it comes to payment card fraud, criminals trying to bilk the system with stolen card credentials is what typically comes to mind. But with e-commerce sales soaring during the pandemic, another form of fraud has been gaining momentum. This is so-called friendly fraud, in which a consumer disputes a …
• 17 June

  Samsung Wallet Debuts and other Digital Transactions News briefs from 6/17/22

  

  Samsung Electronics launched Samsung Wallet for its Galaxy line of mobile devices. The new application allows users to store payment cards as well as digital keys, boarding passes, ID cards, and other credentials. Later in the year, the wallet will support driver’s licenses and student IDs. Samsung Pay users can upgrade to the wallet …
• 16 June

  Mastercard Deepens Its Fintech Ties With the Launch of Its Start Path Open Banking Program

  

  With open-banking initiatives growing fast along with payments, Mastercard Inc. late Tuesday launched its Start Path Open Banking global program. The program, which is the latest track of Mastercard’s Start Path Global program that supports later-stage fintech startups, will introduce five open-banking startups to Mastercard’s open-banking executives, customers, and partners. …
• 16 June

  In a Volatile Crypto Market, An Online Bazaar for Collectibles Adopts Circle’s USDC

  

  At a time when the values of Bitcoin and other cryptocurrencies are collapsing, interest in the utility of stablecoins for payments appears to be on the rise. On Wednesday, a blockchain-based online marketplace called Dibbs said it had integrated with Circle Internet Financial LLC to allow buyers to use Circle’s …
• 16 June

  Credova’s Pay in 4 for Outdoor Sports and other Digital Transactions News briefs from 6/16/22

  

  Credova, a buy now, pay later platform for outdoor-sports-related purchases, launched its Pay in 4 program, allowing shoppers to split purchases into four installments at no interest.Point-of-sale technology provider PredictSpring said it has raised $16 million in a Series B funding round.Point-of-sale system maker Bravo Systems released updates for automated form completion and text …
• 15 June

  With Pay Monthly, PayPal Expands Its BNPL Platform to Bigger Buys, Longer Terms

  

  The buy now, pay later trend is getting hotter with the summer. PayPal Holdings Inc. announced early Wednesday it will offer a plan allowing consumers to split large purchases over a period of six to 24 months. The monthly payments will incur interest and will apply to transactions valued between …