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13 Aug 2020, 6:59 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMVDigital Transactions News – August 7, 2020 Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations… [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
In January, Visa Inc. said it would acquire San Francisco-based Plaid Inc. for a robust $5.3 billion, wrapping the fintech company’s technology that allows users to easily connect their financial accounts with thousands of online applications into the payment processor’s global business. [read post]
While payments M&A activity is likely to accelerate, the nature of deals may change. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
’s V 2.65% $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space. [read post]
22 Jul 2022, 8:55 am by Zak Gowen
Paul Business Journal – July 18, 2022 Sezzle Inc., the Minneapolis-based fintech business, has sued GameStop Corp., claiming the video game retailer breached a financial contract when it dropped Sezzle’s payment services. [read post]
12 Jul 2017, 8:19 am by Imogen Garner and Albert Weatherill
This PoC enabled its internal team of data scientists to compare and contrast their own findings and the underlying algorithms being used; executing high-value payments across currencies and borders; In its PoC with Ripple, the BoE looked into how distributed ledger technology (DLT) could be used to model synchronised movement of two different currencies across two different ledgers, as part of the BoE’s wider research into the future of high-value payments. [read post]
16 Apr 2020, 7:56 am by Kristian Soltes
Contactless Payments Skyrocket Because No One Wants to Handle CashBloomberg – April 16, 2020 As more people worry about catching coronavirus from touching cash and credit-card terminals, a onetime niche technology is roaring into the mainstream. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
The global pandemic has further accelerated the decline of cash, forcing the Government’s hand to introduce new rules to ensure that cash remains available for those who prefer it to digital alternatives. [read post]
18 Feb 2022, 9:23 am by Zak Gowen
“We need this to accelerate the roll-out of instant payments in the EU,” she tweeted on Wednesday (Feb. 9). [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
Such accusations are similar to the monopolization claims the DOJ is pursuing against Alphabet Inc. [read post]
29 Oct 2021, 9:01 am by Kristian Soltes
The report explains that the US DOJ has “accelerated” the antitrust probe into Apple, which it first opened back in 2019. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
Plaid’s technology lets financial-services firms verify users’ bank accounts and funding via an application programming interface to support payments, funds transfer, a [read post]
21 Aug 2019, 6:02 am by Kristian Soltes
JCB Partners With EVO to Boost Merchant Acceptance in the UK and IrelandMobile Payments Today – August 19, 2019 JCB International Co., a Japanese payments company, entered a partnership with EVO Payments Inc. to allow merchants in the U.K. and Ireland to accept payments from JCB, according to a press release. [read post]
8 Oct 2020, 8:56 am by Kristian Soltes
Nacha Amends ACH Rules in the Face of New ‘Channels’ and ‘Technologies’ for PaymentsDigital Transactions News – October 2, 2020 Nacha has approved eight amendme [read post]
15 Oct 2020, 9:00 am by Kristian Soltes
The global pandemic has further accelerated the decline of cash, forcing the Government’s hand to introduce new rules to ensure that cash remains available for those who prefer it to digital alternatives. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
As Digital Payments Heat up, Fiserv Agrees to Acquire Card-Control Technology Provider OndotDigital Transactions News– December 16, 2020 Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. [read post]
22 Dec 2023, 6:00 am by Michelle
When Apple Inc. was preparing to introduce its Apple Pay feature on the iPhone in 2014, Visa Inc. and Mastercard Inc. worried it would drive down the “lucrative” fees they charge merchants who use their point-of-sale transaction payment networks, but instead of competing, Apple and the credit card companies reached a mutually beneficial anti-competitive agreement, according to the complaint filed by Mirage Wine & Spirits Inc. . . . [read post]
4 Mar 2021, 9:30 am by Kristian Soltes
An effort to revolutionize financial services by extending them to smartphones and applying new technologies such as artificial intelligence. [read post]