April 1, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …
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March 31, 2022
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Pricing, Transaction Processing
Almost eight years after it launched the Apple Pay mobile-payment service, Apple Inc.’s purported move to bring some of its payment-processing and financial-services operations in-house once again could shake up the payments industry. Just how, though, is a big unknown at the moment. Cupertino, Calif.-based Apple is not commenting on …
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March 31, 2022
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Transaction Processing
Retailers worldwide lose billions every year due to chargebacks, and a significant and growing portion of them are a result of chargeback fraud. However, it doesn’t have to be that way if businesses are proactive about implementing the right prevention strategies. Chargeback fraud can be defined as when an individual …
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March 31, 2022
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The PCI Security Standards Council published version 4 of the PCI Data Security Standard. Features of the new standard include, among other changes, updated firewall terminology and a requirement to implement multi-factor authentication for access to the cardholder data environment.Processor Adyen said it is expanding beyond payments to offer embedded financial products, including Adyen …
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March 30, 2022
Competitive Strategies, Issuing/Originating, Marketing, Point-of-sale, Transaction Processing
For the second time in a week, Fiserv Inc. has taken a plunge into open-banking technology, announcing on Wednesday a partnership with Finicity, a Mastercard Inc.-owned open-banking platform provider. The deal comes hard on the heels of the partnership Fiserv announced last week with MX Technologies Inc. The latest deal …
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March 30, 2022
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
Unattended payments specialist Cantaloupe Inc. launched ePort Engage Combo, a new all-in-one card reader and telemeter, digital touchscreen, and payment platform that can be installed directly over existing bill acceptors.Payments provider Trust Payments has signed agreements with three independent sales organizations—Provident Advisor Group, DPS Card Services, and Card Dynamics—to sell Trust Payments’ new e-commerce …
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March 29, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Payments provider Payfare Inc. announced it is adding Visa Direct to its platform to enable real-time payouts to gig workers.Cloud-based payments provider Volante Technologies said it is working with the consulting firm KPMG to offer banks cloud technology for real-time payments, along with an advisory service.Mastercard Inc. is working in the United Kingdom with Temenos, …
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March 28, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The return of travel following the impact of the pandemic is testing airlines in various ways, not the least of which is their openness to payment methods beyond cards in what for them is a global market. That new emphasis, combined with a need to work with multiple acquirers, is …
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March 25, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Mobile Wallets, Transaction Processing
The European Union on Thursday advanced legislation to curb the power of tech companies, legislation that would force them to provide more billing options to consumers on their highly popular app stores. In related news, Google and the big music streaming service Spotify this week announced Spotify users with Android …
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March 25, 2022
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Transaction Processing
With the Consumer Financial Protection Bureau investigating the impact of buy now, pay later programs on consumers, the Electronic Transactions Association early Friday released a letter it hopes will help clarify the issues and help allay the regulator’s concerns about key issues such as debt accumulation, regulatory arbitrage, and data …
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