Sunday , February 28, 2021

Expect Strong 4Q Credit Card Use and other Digital Transactions News briefs from 10/8/20

  • New research from Kount Inc. showed that 57% of consumers expect to use credit cards as their payment choice in the 2020 holiday season. That compares with merchants who expect credit cards to be used 84% of the time. Debit card use is closer, at 65% for consumers and 70% for merchants. Kount surveyed more than 1,000 U.S. consumers and 501 business executives.
  • E-commerce installment lender Splitit Payments Ltd. announced its third-quarter merchant sales volume increased 214% year-over-year, mostly owing to more acceptance by large merchants. Some 1,400 online merchants now use the service.
  • Transaction Network Services Inc., a managed network services provider for both Gilbarco and Verifone, said it is introducing “pricing strategies aimed at relieving near-term spend” for fuel retailers looking to upgrade their pumps to accept EMV.
  • Waitr Holdings Inc., whose app enables food-ordering and delivery, has added the ability for on-premise diners to use the app to scan a QR code to access a menu, place an order, and pay and tip.
  • Mastercard Inc. has taken an unspecified stake in card-issuing platform Marqeta, with which the payments network has been collaborating since 2014.
  • Cross-border remittance provider dLocal said it has expanded its network into three new markets in Latin America and the Caribbean.
  • Anti-fraud service provider Advanced Fraud Solutions released a white paper dubbed “Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud.
  • The Accredited Standards Committee X9 Inc. published a new standard designed to help secure authentication and non-repudiation of data in financial and other online transactions.
  • Idology, an identity-verification firm, appointed Christina “Chris” Luttrell its chief executive. A 13-year veteran of Idology, most recently as chief operating officer, Luttrell succeeds John Dancu, who continues on in an advisory role.

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