May 24, 2021
Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Transaction Processing
With criminals continually devising ways to defeat rules-based applications used for detecting illicit cross-border payments, ThetaRay Ltd., an Israel-based cybersecurity and data-analytics firm, on Monday introduced SONAR, a software-as-a-service-based machine-learning application that detects known and unknown risks associated with cross-border payments. Using machine-learning algorithms, SONAR identifies normal characteristics within specific …
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May 24, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Marketing, Mergers & Acquisitions, Transaction Processing
Much of the publicity swirling around blockchain technology concerns its use for recording and managing cryptocurrency, but there has been little talk about using blockchain to manage merchant transactions. GreenBox POS, a San Diego-based processor, changed that on Monday with its announcement that it has secured a bank identification number, or …
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May 24, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Payments technology provider Tappit said it is providing its white label, touchless mobile payment service to Learfield IMG College, a media and technology services company in intercollegiate athletics. Learfield will offer the service to university athletic departments that can integrate the service into their mobile apps.Payments provider Rev19 LLC, founded in 2017, has rebranded as …
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May 21, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Featured, Issuing/Originating, Point-of-sale, Pricing, Transaction Processing
A payments trend that has gained some momentum during the pandemic is open banking, the idea that funds can validated and moved from an account to another one at a different bank inexpensively and by means other than cards or checks. On Thursday, that concept took a big step forward …
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May 21, 2021
Acquiring, Competitive Strategies, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
Passport Labs Inc., a parking-app developer, reported it has received $90 million in growth capital from Sixth Street Growth.Mastercard Inc. announced a line of prepaid cards that allows users to contribute to wildlife preservation. The program allocates $1 for each card purchased to Conservation International.Banking-software provider Temenos says money-transfer firm Wise joined the …
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May 20, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Point-of-sale, Transaction Processing
The Covid-19 pandemic forced many restaurants to change the way they do business by providing online and mobile ordering, and even setting up pickup and delivery-only kitchens to meet consumers’ changing ordering preferences. With that need in mind, Square Inc. on Thursday announced its kitchen-display system, Square KDS, will now …
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May 20, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …
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May 19, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
With consumers flocking to online stores and marketplaces, processors and technology providers are carving out new paths to make it easier to sign up sellers and process their transactions. The latest development comes from commerce platform Digital River, which on Wednesday launched a program that allows independent software vendors and …
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May 18, 2021
Competitive Strategies, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Houston-based P97 Networks Inc., a provider of cloud-based mobile-commerce technology, on Tuesday announced it is adding pay-at-the-pump and electric-vehicle charging functionality to Petro-Canada’s and Petro-Canada EV’s mobile apps. Consumers will also be able to use the apps to locate Petro-Canada locations and earn and redeem loyalty points. P97’s mobile technology integrates …
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May 18, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Kiosks & Ticketing Machines, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Smart Cards, Transaction Processing, Vending
Appetize Technologies Inc., a provider of point-of-sale technology for the hospitality and entertainment industries, launched Appetize Payments, which combines payment processing with the company’s cloud-based software.Ally Lending, the personal-lending unit of Ally Bank, a subsidiary of Ally Financial Inc., said buy now, pay later provider Sezzle Inc. will offer Ally’s longer-term …
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