Transaction Processing

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 …

To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network.  Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …

As integrated-payments competition intensifies, payment gateways are responding by making it easier for developers to access and use vital technical information. Indeed, more gateways—65% of them—analyzed in The Strawhecker Group’s annual Payment Gateway Directory, sponsored by MCAG, have open developer-center pages. This compares with 48% that did so in 2020. …

Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says.  Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …

EVO Payments Inc. reached an agreement with Oracle that will see EVO able to enable Oracle’s enterprise payment services to EVO’s hospitality and retail merchants. EVO will be able to offer its acquiring services to Oracle customers. EVO also will develop a direct integration to the Oracle Payments Interface, which provides …

As criminals increasingly target real-time payments networks with fraud scams, ACI Worldwide Inc. on Monday announced the launch of its proprietary Network Intelligence Technology as part of its ACI Fraud Management platform. The new technology enables banks, processors, acquirers, and networks to augment fraud-prevention strategies by allowing them to share …

One of the most prominent examples of the so-called Internet of Things is the ability to make payments from the dashboard of a car, no mobile device needed. And now a forecast has arrived indicating the number of such transactions worldwide will balloon from 87 million this year to 4.7 …

The Western Union Co. named Devin B. McGranahan as its new chief executive, replacing Hikmet Ersek, who is retiring at the end of 2021. Ersek’s 21-year Western Union career includes the past 11 years as CEO. McGranahan comes to the money-transfer giant from processor Fiserv Inc. where he most recently was …

The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …

As small and medium businesses shift more of their operations online, the need for financial products with embedded payment solutions is growing. To make it easier for providers of banking and financial software providers to offer embedded payment solutions to small and medium businesses, Veem Inc. on Thursday announced its …