Thursday , December 2, 2021

Pricing

With Demand Rising, Stax Acquires CardX To Boost Its Surcharging Efforts

Merchant services company Stax has acquired CardX LLC, a Chicago-based surcharging provider, in an effort to better meet demand for surcharging, especially among enterprise clients. Terms were not disclosed. The deal is the third of 2021 for Orlando, Fla.-based Stax, whose parent company is Fattmerchant . Founded in 2013, CardX has …

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Nium Teams Up With Roxe to Enable Real-Time Cross-Border Payments

As part of its efforts to expand real-time payments globally, financial-service technology provider Nium Pte. Ltd., has partnered with Roxe, a global payment network that uses blockchain technology to settle transactions. The partnership will allow Roxe to leverage the reach of Nium’s network to initiate cross-border payouts, including those from …

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Amazon Gets Aggressive Against Visa in the U.K., But It May Need Allies

In the latest battle of the titans over credit card interchange, Amazon.com Inc. may enjoy the advantage of size but could be pursuing a risky strategy unless other retailers line up with it, according to a long-time observer of transaction-pricing dustups. The massive online merchant on Wednesday said it will …

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How a U.K. Limit on Contactless Payments Could Drive Consumers to Mobile Wallets

An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …

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The First Payments Provider Lines Up at Apple’s App Store Following a Federal Court Ruling

One of the first moves to bring a payment system not controlled by Apple Inc. to Apple’s App Store emerged Thursday and follows a landmark federal-court ruling last month. Paddle Ltd., a London-based payments provider, said it will begin offering the alternative Dec. 7, in line with the terms of …

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Purchase Scams Top Fraud List and other Digital Transactions News briefs from 10/7/21

Purchase scams, in which consumers pay for goods that never arrive, was the number-one fraud type in the second quarter in terms of card-fraud attempts, beating out social-engineering frauds, according to fraud-prevention firm Feedzai. The top city for overall fraud attempts was Las Vegas, with fraud up 411% in the quarter …

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Datacap Systems Teams Up With iStream to Process ACH Payments Through a Datacap API

Payments provider Datacap Systems Inc. is partnering with iStream Financial Services to add support for automated clearing house payments processing through Datacap’s NETePay payments platform and using Datacap’s PayAPI application programming interface. Datacap acquired the NETePay hosted payment gateway from Octopi (formerly Monetary.co) in 2019. The deal with iStream will enable …

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A New Report From Accenture And Afterpay Casts Light on How Fast BNPL Is Taking Hold

On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …

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Startup Clik2pay Enables Consumers to Tap Their Bank Account For Online Purchases

Seeking to provide online merchants with a lower-cost payment option and consumers a better user experience, a 3-year-old, Toronto-based payment-service startup called Clik2pay is enabling Canadian consumers to pay for online purchases directly from their bank accounts at participating merchants. The new payment option, which launched Thursday, leverages the Interac …

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With Square Register’s Canadian Launch, Square Adds to Its Momentum Toward Bigger Sellers

Looking to move further upmarket from the small sellers it started with, Square Inc. on Wednesday announced it is launching its Square Register point-of-sale system in Canada. Square is promoting the technology, which includes a screen facing the customer as well as one for the merchant, as suited to a …

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