Saturday , September 21, 2019

Prepaid Cards

Real-Time Payments Catch on and other Digital Transactions News briefs from 9/19/19

A survey by processor Fidelity National Information Services Inc. (FIS) found that 54 countries now have active real-time payment programs, up from 40 in 2018 and nearly four times as many as 2014.Cross River Bank, which specializes in services for technology companies, has applied to link to The Clearing House Payments Co.’s Real Time …

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Fiserv Debuts Contactless POS Tech and other Digital Transactions News briefs from 9/6/19

Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …

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U.S. Merchants Enabled 600,000 New Locations for Chip Card Acceptance in 2019’s First Half

U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip …

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More Colleges Making Student IDs And Payments Available in Apple Wallet

Apple Inc. says 12 U.S. colleges, with more than 100,000 students, will enable contactless student IDs in Apple Wallet this school year. The students will be able to use their student IDs on iPhones and Apple Watches to enter buildings protected by keycard access, buy meals, and make purchases in college …

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Wall Street Punishes Green Dot As Growth Slows

Photo by Rick Tap on Unsplash

Green Dot Corp.’s shares plummeted Thursday morning after the company reported a slowdown in year-over-year revenue growth and a drop in active accounts that surprised some observers. The Pasadena, Calif.-based company, which specializes in prepaid products and banking services, reported adjusted second-quarter revenue of $265 million, up 5% year-over-year but …

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Mastercard’s Transaction Volume Jumps 18%; Secure Remote Commerce and Contactless Payments Gain

Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions globally in the three months ending June …

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Eye on Acquisitions: InComm Acquires Meridian Loyalty; Fleetcor’s Payroll Card Move

Prepaid payments provider InComm Inc. announced the acquisition of Meridian Loyalty, an incentives provider for large corporations. Separately, Fleetcor Technologies Inc. said it will acquire Sole Financial, a payroll card provider. Atlanta-based InComm said its acquisition of St. Louis-based Meridian will boost its incentive business for corporations. Among Meridian’s specialties …

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Cumberland Farms Adds a Payment Card Option to Its Mobile App

Convenience-store operator Cumberland Farms released a new mobile-payment app with two payment options. In addition to linking to a checking account to pay for fuel at the pump, the SmartPay function within the app also enables consumers to link to a Netspend prepaid account or use a credit or debit …

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Paysafe Adds Bank-Payments Service and other Digital Transactions News briefs from 6/27/19

Paysafe Group said its Rapid Transfer online-banking payments service available in 18 European countries will be coming to the U.S. through a new partnership with Skrill USA Inc. With Rapid Transfer, consumers can make ACH or wire-transfer payments at Skrill-accepting merchants without leaving the merchant’s Web site. Via Transportation Inc., …

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Eight Percent of North American Payments Fraud Is Related to Terrorism, Report Finds

While most North American payments fraud is related to identity and organized crime, one area—terrorism—stands out in this region compared to other developed markets. Eight percent of the 154 criminals cases reviewed by information-security firm Terbium Labs in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational …

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