Digital Transactions Authoritative, insightful and timely information for payments professionals
Chargebacks reverberate throughout the payment stream, and now Chargebacks911 has released a tool that it says will help financial institutions better manage them. Dubbed Fi911, the tool is meant to automate procedures and make them more efficient, Clearwater, Fla.-based Chargebacks911 says. The company says more chargeback inquiries are being directed …
June, 2020
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29 June
AmEx Launches $200 Million Shop Small Program and other Digital Transactions News briefs from 6/29/20
American Express Co. announced a global, $200 million Shop Small campaign to support small businesses, many of which have been affected by the Covid-19 pandemic. U.S. AmEx cardholders can get $5 back after they spend $10 or more, up to 10 times, when they buy online or in-store at qualified businesses …
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26 June
Some E-Commerce Categories Return to Growth While Small Business Sales Continue Double-Digit Rise
While e-commerce sales overall have ballooned for many merchants since the March 11 declaration of the Covid-19 pandemic, health-and-beauty and business supplies generally did not. Until last week. Online business supplies sales were up 21% and health-and-beauty sales were up 20% for the week of June 16-22, reports the Signifyd …
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26 June
COMMENTARY: Nine Ways Gas And Convenience Retailers Can Cut Their Fraud Risk
All card schemes are now on board with the new deadline for the U.S. EMV liability shift in April 2021. So, the time to upgrade—if you haven’t—is now. Adding EMV chip readers both inside a store and at automated fuel dispensers (AFDs) isn’t intended to be a hardship for gas …
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25 June
Paysafe Names New Acquiring And E-Commerce Heads As Payments Veteran Rawls Retires
Paysafe Group on Thursday capped a recent restructuring of its payment-processing unit with the appointment of a chief executive for the unit’s U.S. acquiring division. Afshin Yazdian on July 1 will take over the division, one of two businesses formed with the splitting of the company’s payment-processing unit. Paysafe also …
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24 June
USA Technologies Is ‘Re-energized And Digging in,’ New CEO Says
The new regime at unattended-payments provider USA Technologies Inc. is now in place after a proxy fight that deposed the old management team and board of directors, and it’s looking for growth from underexploited opportunities and cost-cutting. “With the uncertainties of the proxy contest now behind us combined with a …
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24 June
Shift4 Launches QR Pay as an Alternative to Contactless Payments Via NFC
Payments companies have been working for months against a backdrop of consumer fears induced by the new coronavirus, and on Wednesday Shift4 Payments Inc. launched a contactless-payment capability with a twist: it relies on Quick Response codes rather than the much more common near-field communication technology found in major-brand credit …
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24 June
Amadis Announces EMV Tool for Petroleum and other Digital Transactions News briefs from 6/24/20
Amadis, a payment software provider, announced an EMV migration product for petroleum and convenience stores. In conjunction with Advanced Mobile Payment Inc. and Texas Engineering Consulting Systems and Services, Amadis developed a proprietary Android-based contactless pay-at-the-pump product that decouples the fuel pump dispenser from the point-of-sale system, enabling payment authorization to take …
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23 June
Feeling Heat, Square Explains Its New Reserve Policy
Facing criticism for withholding as much as 30% of some small merchants’ payment volume, merchant processor and business software provider Square Inc. on Tuesday posted an explanation of its new reserve policy. “Out of our millions of sellers, fewer than 0.3% have reserves on their accounts, but given increased interest, …
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23 June
With an $825-Million Deal for Finicity, Mastercard Picks up Open-Banking Tech for POS Credit
Mastercard Inc.’s $825-million deal for Finicity Corp., announced Tuesday, may be aimed at ensuring a strong position in burgeoning markets like point-of-sale credit, but it could also prove handy as consumers struggle with the financial fallout of the coronavirus pandemic, observers say. The acquisition, which Mastercard says should close by …
