News

October, 2020

• 5 October

  PayPal Adds QR Codes to a Visa-Branded Venmo Card Issued by Synchrony With an NFC Chip

  

  PayPal Holdings Inc. on Monday launched a Visa-branded credit card for its Venmo peer-to-peer payment service that features a QR code for P2P transfers in addition to a near-field communication chip for merchant acceptance. The new product arrives as PayPal searches for ways to boost revenue for its wildly popular …
• 5 October

  Debit Use Rises at Restaurants and other Digital Transactions News briefs from 10/5/20

  

  For the week ending Sept. 27, debit card use was up 4.2% at restaurants, not including fast food, and credit card use was down 16.9% compared to the week ending Sept. 29, 2019, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Debit card use was …
• 2 October

  Nacha Amends ACH Rules in the Face of New ‘Channels’ And ‘Technologies’ for Payments

  Nacha has approved eight amendments to its operating rules governing the use of ACH payments. The amendments were approved as part of Nacha’s strategy to modernize the ACH network through infrastructure improvements and to make ACH payments easier to initiate for consumers, businesses, and other organizations. The new rules are …
• 2 October

  Installment Payments Provider Sezzle Lines up Untuckit and other Digital Transactions News briefs from 10/2/20

  

  Point-of-sale credit provider Sezzle said apparel retailer Untuckit chose Sezzle as its preferred buy-now-pay-later option.Private-label card transaction processor Alliance Data Systems Corp. launched its Enhanced Digital Suite, a set of features aimed at increasing customer awareness of payment and credit options earlier in the shopping cycle.Perk Labs Inc. said its Perk Hero mobile app can …
• 2 October

  COMMENTARY: Open Banking Will Aid in the Economic Recovery—if We Let It

  

  There is no doubt that the pandemic has pushed the United States into a major economic decline. Many Americans are still out of work and interest rates have taken a nosedive. While some government stimulus plans have kicked in, that alone won’t be enough to make a full recovery.  We …
• 1 October

  Shift to Digital Payments Exposes Security Vulnerabilities, Fraud

  

  By Brett Petersen, EVP of Sales, GIACT One of the impacts of the Covid-19 outbreak has been an accelerated movement toward digital forms of payment. And, coupled with this movement, massive opportunities for fraud have also accelerated. At the outset of the pandemic, as physical storefronts began to temporarily close, …
• 1 October

  Six Months From Deadline, Large C-Store Chains Are Still Lagging on EMV at the Pump

  

  As the deadline inches closer for gas stations and convenience stores with fuel pumps to install in-pump EMV card readers, the good news is that c-stores are making steady progress. Overall, 31% of c-stores report not having any pump EMV-ready, down from 52% in the spring and 70% in 2019, …
• 1 October

  Parking Finds a Place in the Dashboard As Lear’s Xevo Unit Teams With Garage King Reef

  

  Few payments technologies have gained headwinds from Covid fears as much as contactless parking, and now drivers have an option to locate, reserve, and pay for a space from their in-car touchscreen. Xevo Inc., a developer of connected-car technology, announced Thursday it is enabling the parking feature with Reef Technology, …
• 1 October

  Worldline/Ingenico Deal Moves Ahead and other Digital Transactions News briefs from 10/1/20

  

  Ingenico Group S.A. said the European Commission approved Worldline S.A.’s $8.6 billion deal to acquire the point-of-sale terminal maker. Ingenico also said the French financial markets authority set Oct. 15 as the closing date for the tender offer for Ingenico securities. If successful, the acquisition could close Oct. 28, Worldline said.In related news, Ingenico …

September, 2020

• 30 September

  The Move to Digital Payments And Accounts Carries Risk for Businesses, Report Says

  

  As more consumer and business activity, let alone shopping, migrates to digital channels, the potential for additional risk increases. A new white paper from Giact Systems LLC outlines where some of the risk may be emerging. The Allen, Texas-based payments and identity-fraud prevention firm said undetected fraud can erode consumer …