News

March, 2024

• 13 March

  Security Firm Zumigo Ditches Passwords for Customer Authentication in Online Transactions

  

  Zumigo Inc., a provider of mobile-identity authentication technology, says it has enhanced its DeRiskify fraud-prevention product for e-commerce merchants by enabling sellers to authenticate customers without a password requirement when customers log into their account. Eliminating the need for passwords in the customer-verification process pleases customers, which in turn can …
• 13 March

  Eye on E-Commerce: Riskified Launches Pre-Screening Tool; Chargeback Gurus Adopts PCI 4.0

  

  As online shopping continues to stitch itself into consumer behavior, efforts to reduce chargebacks also advance. The latest is Riskified’s Auth Rate Enhance service that can pre-screen orders and provide more information for its customers to make a go-no-go decision on digital orders. Auth Rate Enhance, a component of Riskified’s …
• 13 March

  MEA Picks CPI Push Platform And Other Digital Transactions News briefs from 3/13/24

  

  Payment card technology provider CPI Card Group Inc. said it will provide its push-provisioning platform to customers of MEA Financial Enterprises LLC, a financial-services software provider. The CPI technology will allow cardholders to “push” their card credentials into digital wallets through a mobile-banking app. Canadian payments-technology provider VoPay International Inc. said it will expand …
• 12 March

  Evolving your Partner Model to Adapt to a Changing Payments Landscape

  

  By Steven Velasquez Head and Senior Vice President of Partner Business Development – U.S. Bank | Elavon In recent years, there’s been a notable transformation in the key players shaping the payments ecosystem. Established models of acquiring banks are facing competition from emerging fintech and software companies eager to capture …
• 12 March

  Priority Technology Posts Record Earnings; Fortis Partners With WooCommerce for B2B Payments

  

  Payments-technology provider Priority Technology Holdings Inc. posted record revenue of $755.6 million in 2023, up 13.9% from the previous year. The year was capped off by a record fourth quarter, during which Priority posted revenues of $199.3 million, a 12.2% increase from the same period a year earlier. In both …
• 12 March

  Mastercard Adds Subscription Tools; Recurly Sees 71% Growth in Software Subscriptions

  

  Mastercard Inc. released Smart Subscriptions, a service to help issuers provide subscription-management tools to their cardholders. In related news, Recurly Inc., a subscription-services provider, released its consumer software subscription benchmark report. The Smart Subscriptions service builds on Mastercard’s Subscriptions Control product, released in 2023, to provide spend analysis, a way …
• 12 March

  TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24

  

  The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …
• 11 March

  SheerID And Payment Plugins Team Up to Provide Customer Verification for WooCommerce

  

  SheerID Inc., a provider of identity-verification technology, and software developer Payment Plugins are collaborating to provide a consumer identity-verification solution for e-commerce platform provider WooCommerce. The deal will seek to enable WooCommerce merchants to reduce fraud by ensuring gated offers and discounts are being used by customers who are the …
• 11 March

  POS Tech for Dining Gains Yet More Momentum As Olo Goes to the Point of Sale And Par Unveils New M&A

  

  The restaurant and related hospitality market has attracted plenty of attention the past few years from payment platforms, rendering the market one of the hottest in the field of digital payments and marketing. And the trend shows no signs of cooling off, as processors and related service providers look to …
• 11 March

  Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

  

  Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …