Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18
Kevin Woodward
October 22, 2018
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Mergers & Acquisitions, Transaction Processing
- Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant.
- Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service called Slice it in 4, which allows consumers to pay in installments with their own card. Rancourt is a leather-shoe merchant.
- Featurespace said it created ARIC White Label, a version of its proprietary fraud and risk-control engine that processors and acquirers can resell to their clients.
- The Western Union Co. extended its bill-payment service across borders, allowing U.S. consumers to pay bills and reload phone services in Mexico. The company is working with Paykii and TransferTo for the service.
- ConnexPay, a payments processor for the travel industry, said it is working with an open application programming interface from financial-technology firm Marqeta to enable virtual cards that allow agencies to get immediate access to customers’ funds for payment to airlines, hotels, and other travel suppliers.
- In related news, Marqeta announced its entry into the European payments market with a new office in London and an agreement to issue Visa cards.
- Visa Inc. announced that IBM and Bottomline Technologies, a business-payments services provider for financial institutions, are new partners for its B2B Connect distributed-ledger platform that will facilitate cross-border business-to-business payments when it launches in the first quarter.
- Inside Secure, a payments security company, released Whitebox 3.0, a crypto-security software tool that protects cryptographic keys and algorithms inside mobile applications.
- Rambus Inc. introduced Vaultify Trade, a platform that enables secure storage of cryptocurrency on blockchain using tokenization and encryption technology.
- The U.S. Marshals Service on Nov. 5 plans to auction approximately 660 bitcoins it acquired in various federal criminal, civil, and administrative cases. As of Monday morning, the Bitcoins had a total value of $4.24 million, according to CoinDesk.com.
- Paysafe Group named Peter Smith chief financial officer. Smith previously worked at processor Evertec Inc. and at Fidelity National Information Services Inc. (FIS), and Metavante Corp.
- Total System Services Inc. (TSYS) announced the election of Jola M. Johnson, chief administrative officer, general counsel, and corporate secretary for Hanesbrands Inc., to its board of directors.
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