Digital Transactions Authoritative, insightful and timely information for payments professionals
The PCI Security Standards Council released its PCI Mobile Payments on COTS standard that addresses security requirements for services that enable merchants to accept cardholder PINs or contactless payments using a smart phone or other commercial off-the-shelf mobile device.Private equity firms Centerbridge Partners L.P. and Bridgeport Partners completed the acquisition of transaction processor Computer Services Inc. for $1.6 …
November, 2022
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16 November
Google Wallet Expands Its Reach Across Countries And Devices
Months after the introduction of Google Wallet, Alphabet Inc. announced late Tuesday it is expanding the availability of the digital wallet to 12 more countries, bringing the total number of countries where the wallet is available to 57. Users will now also be able to make the wallet available on …
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16 November
Square Is Teaming With AmEx to Offer a Credit Card for Square Merchants
Merchants in the United States that use Square’s point-of-sale technology and also accept American Express will be getting a credit card from Square in coming months that will run on AmEx’s network. The so-called Square Credit Card is said to be the first credit card the Block Inc. unit has …
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16 November
The Perilous Language of Fraud And Other Digital Transactions News briefs from 11/16/22
Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …
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15 November
Eye on Processors: Shift4 Expands Its Casino Portfolio; Paysafe Builds Out Ties With Microsoft
Shift4 Payments Inc. has expanded its merchant-gaming portfolio by striking a deal with the Chickasaw Nation to process payments across all of its tribal-owned casino and non-casino locations, as well as third-party venues, such as valet services or restaurants operated by third parties within Chickasaw-owned casinos. The Chickasaw nation, the …
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14 November
AmEx Partners With TikTok To Drive Sales At Small Businesses
American Express Co. is working with the popular social-media platform TikTok to launch the #ShopSmall Accelerator, a program intended to help small-business owners reach a new generation of shoppers on Small Business Saturday, Nov. 26, and throughout the rest of the holiday-shopping season. The deal will provide business owners with …
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14 November
Transactions Alone Are Not Enough for Payment Gateways
As clients of payment gateways turn to them for more than connectivity to multiple processors, choosing a gateway becomes more complex. The 2022 edition of The Strawhecker Group’s Payment Gateway Directory hopes to help with that, even as gateways’ role expands. Payment gateways are a key driver in the payments …
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11 November
Looking to Enable More Debit Volume, Instacart Adds Adyen for Processing
Instacart, the online grocery-delivery service and marketplace that employs personal shoppers to shop for consumers—and then facilitates delivery of those orders to the customer’s home—has brought on Adyen Inc. to provide additional payment processing capabilities. The deal will enable Instacart to leverage Adyen’s platform for payments including, PINless debit. Instacart …
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11 November
Toast Exceeds $100 Billion in Annualized Volume As Eateries Equip for a Post-Pandemic Era
Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …
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10 November
‘We Have to Execute Better,” Says CEO Lowthers As He Revamps Paysafe
Former FIS Inc. executive Bruce Lowthers took over as chief executive of Paysafe Ltd. in May, and since then he’s had to work to steady a stumbling processing giant. His early assessment of his new company wasn’t pretty. “Bluntly, we’ve lost our way here,” he told equity analysts in August. …
