News

May, 2017

• 3 May

  Fleetcor To Expand Its B2B Payment Footprint With Pending Cambridge Acquisition

  

  Fleetcor Technologies Inc., a big provider of fleet-fueling, payroll payments, and gift card services, said it has a definitive agreement to acquire Cambridge Global Payments, a Toronto-based processor of cross-border business-to-business payments that handles $20 billion annually in vendor and employee payments for 13,000 companies. The purchase price is C$900 …
• 3 May

  Western Union Reports Revenue Bump and other Digital Transactions News briefs

  • Apple Inc., in its results for the second quarter ending April 1, said Apple Pay is available now in 15 markets, having launched in Taiwan and Ireland in March. Globally, that includes 20 million contactless-ready locations, of which 4.5 million are in the United States, said chief executive Tim Cook during …
• 3 May

  The Demanding Consumer: Payments Expectations Rising Fast, Adyen Survey Shows

  

  In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …
• 3 May

  The Numbers Brighten in the First Quarter for Merchant Processor Square

  

  The numbers moved in the right direction for Square Inc. in the first quarter, with gross payment volume up 33% and profitability measures improving. But an analyst urged the merchant acquirer to disclose more data about its fast-growing but potentially volatile loan business called Square Capital. San Francisco-based Square reported Wednesday …
• 2 May

  Savvier Techniques Help Criminals Loot More Victims Through Call-Center Fraud

  

  Call centers remain a prime target for criminals looking to perpetrate fraud. In 2016, call-center fraud jumped 113% from 2015, according to Atlanta-based Pindrop Labs’ annual Call Center Fraud Report. Fraudulent activity took place with one in every 937 call-center calls, compared to one in 2,000 calls in 2015“With tools …
• 2 May

  Mastercard’s Transactions Grow 17%, Partly Because of More U.S. PIN-Debit Volume

  

  Mastercard Inc. reported Tuesday that it switched nearly 17% more transactions in the first quarter than it did a year earlier. Most of the growth came from overseas, but some of it resulted from more U.S. PIN-debit volume, company executives said. Purchase, N.Y.-based Mastercard said it switched 14.7 billion transactions …
• 2 May

  First Data and Flywire Team Up and other Digital Transactions News briefs

  • Processing giant First Data Corp. and cross-border payments specialist Flywire Corp. announced a collaboration by which Flywire education and health-care clients will be able to more easily accept cross-border card payments and First Data clients will be able to more readily accept high-value international remittances. • Gro Solutions, a vendor of digital solutions …
• 1 May

  THE NOT-SO-FRIENDLY WORLD OF FRIENDLY FRAUD

    By Jacob Bennett, ETA CPP It’s important to understand the significance of friendly fraud, the damage it can cause, and how merchants can avoid it. Friendly fraud. The name is misleading as there’s really nothing “friendly” about it. Friendly fraud is a type of chargeback in which a customer …
• 1 May

  Worldpay Declares Its Network Quick Chip Ready

  

  Quick Chip, a Visa Inc. protocol for streamlining the EMV transaction process, is now available on processor Worldpay’s network. Announced Monday, the service reduces a chip card terminal’s transaction time by approximately 3 seconds, Worldpay says. Quick Chip eliminates the need to leave the card in the reader while waiting …
• 1 May

  If You Can’t Beat ‘Em, Join ‘Em Part Way: Behind Deluxe’s eCheck Technology

  

  For all the talk by companies about how adopting electronic-payment technologies will streamline their accounts-payable processes, paper checks remain a staple of the business-to-business world. Businesses cut 13.1 billion checks a year, according to check printer Deluxe Corp. To join the advantages of electronic processing with those of paper checks, …