Tuesday , October 4, 2022

News

September, 2022

  • 21 September

    Galileo Teams With DataVisor to Launch All-in-One Fraud Detection Beyond Credit Cards

    Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …

  • 21 September

    Looking to Upgrade Their Skills, Consumers Take BNPL to School

    As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …

  • 21 September

    Paysafe Makes a Spreedly Connection And Other Digital Transactions News briefs from 9/21/22

    Paysafe Ltd. said it will offer its payment gateway to international merchants using a payments orchestration platform from Spreedly.Payments provider Fortis said its services will be integrated with hotel property-management systems from Visual Matrix under a new agreement. Visual Matrix says more than 3,000 properties use its technology.Visa Inc. said it has processed more …

  • 20 September

    Does Its Debut in the House Confer Momentum on Durbin’s Credit Card Legislation?

    An effort backed by many of the nation’s major retailer trade groups to put a lid on credit card acceptance costs took a big step forward Monday with the introduction in the House of Representatives of the Credit Card Competition Act. The bill, launched in July in the Senate, seeks …

  • 20 September

    How Crashing Crypto Values And Government Scrutiny Sent Crypto ATMs Into a Slump

    Deployment of cryptocurrency ATMs in 2022 significantly lags the pace seen last year, and one factor hastening the slowdown is increased regulatory scrutiny, sources say. Crypto ATMs are specialized kiosks that allow consumers to purchase Bitcoin and other cryptocurrencies using cash or a debit card. Increasingly, regulators in several countries …

  • 20 September

    Second Thoughts On Gun Code And Other Digital Transactions News briefs from 9/20/22

    The Wall Street Journal reported that Republican attorneys general for 23 states have warned American Express Co., Mastercard Inc., and Visa Inc. to stop their effort to create a merchant code for gun stores, alleging the effort could result in a mishandling of consumer data and would fail in its purpose of preventing gun …

  • 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 …

Digital Transactions