Sunday , August 9, 2020

Wirecard’s U.S. Unit Draws Interest and other Digital Transactions News briefs from 7/9/20

  • The U.S. subsidiary of failed German payment processor Wirecard AG is drawing strong interest from potential buyers, according to media reports. The Wall Street Journal also reported that the U.S. Justice Department is investigating whether Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace.
  • Splitit Payments Ltd., which enables cardholders to pay in installments on their credit cards, reported $65 million in merchant volume for the June quarter, up 260% year over year.
  • Southwest Airlines has stopped accepting cash payments at ticket counters to book flights or to pay for upgrades and extra luggage.
  • Forter Inc. launched Forter Smart Routing, which is aimed at preventing false declines by creating a “trusted data network” linking all parties involved in making fraud-control decisions, including issuers, processors, and merchants.
  • Payment technology provider Star Micronics said Marijuana Software LLC’s Ommpos.Com unit has certified a number of Star Micronics hardware peripherals to support its point-of-sale software and online-ordering system for cannabis dispensaries.
  • Mastercard Inc. expanded the reach of its ShopOpenings.com site to the United State and Canada. The online search tool indicates which stores that closed during the Covid-19 pandemic have reopened. The card network also launched Digital Acceleration for Small Business, aimed at helping businesses looking to create or expand an online presence.
  • Authentication-services provider Onfido Ltd. reported U.S. sales growth of 264% for the quarter ended June 30 and 40% growth worldwide.

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