Oscar Nieboer – CMO, Paysafe Group     Security has overtaken reliability and cost as the top priority for businesses when selecting a PSP. Here’s why. There is a genuine belief globally that online goliaths such as Amazon, with the financial and human resources at their disposal to be at …

Pepsi-Cola of the Hudson Valley reached an agreement  with USA Technologies Inc. to install contactless-payment capability on 300 vending machines and to upgrade payment devices on another 1,000 machines already linked to USAT’s ePort Connect Service. Merchant processor Square Inc. agreed to lease an entire 356,000-square-foot building in Oakland, Calif., where …

E-commerce, online bill payments, and other forms of card-not-present payments continued their strong growth last year to capture a bigger share of total card payments, according to newly released Federal Reserve data. The number of what the Fed calls remote payments using general-purpose payment cards grew 22.8% in 2017 from …

Click2Gov, a software application popular among municipalities for processing online payments of utility bills and fees, has been compromised in 46 U.S. cities and one Canadian location, according to an analysis released this week by Gemini Advisory. The New York City-based data-security firm estimates 294,929 payment card records have been …

After a lull of more than five months, merchant processor Square Inc. is resuming its attempt to obtain a bank charter. A spokesperson for San Francisco-based Square confirmed Wednesday morning that the company would refile its application the same day. Square in September 2017 filed for an industrial-bank charter from …

Big banks generally aren’t too thrilled about the Federal Reserve taking a direct operational role in a U.S. real-time payment system, but smaller banks and credit unions as well as some big companies support the idea. The Fed’s two-month comment period on its proposed Real Time Gross Settlement service closed …

In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …

An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …

The prognostications for 2019 are starting to roll in, and if at least one comes true, we’ll see business-to-business transactions driving the growth of faster-payment systems. And smart phones might actually gain some discernible traction at the point of sale. The predictions come from the big accounting and consulting firm …

Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …