Monday , November 23, 2020

MagTek Launches Token Service and other Digital Transactions News briefs from 7/1/20

  • MagTek Inc. said its Magensa unit launched token technology to make touchless payments easier. The technology enables a merchant to send a payment link containing the token via email or text that allows consumers to pay in a secure environment. MagTek said the technology is available in QwickPAY, the Magensa mobile payment application.
  • So-called Magecart malware was injected into online sites of eight cities using Click2Gov software for payment of utility bills and for other municipal functions and skimmed payment card and personal information, Trend Micro Inc. reported. The attacks apparently started April 10 and are still active, the data-security technology firm said. Click2Gov has been the target of previous hacker attacks.
  • Point-of-sale technology provider ShopKeep Inc. launched ShopKeep R.I.S.E. (Reinvesting in Small-Business Equality), which offers no-fee, no-interest cash advances to minority-owned businesses that process through ShopKeep. The program will award a total of $250,000, and merchants can apply for advances of $1,000 to $10,000.
  • AvidXchange Inc., a provider of payment automation for mid-size businesses, said its AvidPay network is seeing record adoption rates for electronic payment, with more than 300,000 suppliers now accepting e-payments. The network serves a total of more than 680,000 suppliers.
  • Payments provider Credorax said it and risk-management provider Feedzai will work together to provide anti-money laundering and anti-fraud services to Credorax merchants.
  • Euronet Worldwide Inc.’s Ria money-transfer subsidiary introduced a new logo and brand image.
  • PCI Pal, whose technology secures card-not-present transactions for call centers and other clients, said its Agent Assist service is compliant with contact-center software from Ayaya Inc., helping companies’ telephony systems to achieve Payment Card Industry data-security compliance for telephone payments.
  • Pundi X, whose XPOS device allows physical merchants to accept cryptocurrency, announced it will support PayPal transactions.
  • National Merchants Association named Jeff Socha as chief financial officer of the payments provider. He was one of the founders of Ark Financial Group, a financial planning and consulting business.
  • Digital River Inc. named Ted Rogers its chief marketing officer. Rogers has been with Digital River for three years and had worked at FICO and Bluestem Brands Inc. prior.

Check Also

XTM Announces an Unsecured Visa Card With a Dynamically Determined Credit Line

Credit cards historically have either been secured by a deposit or tied to a credit …

Do NOT follow this link or you will be banned from the site!