Clik here to view.
Apple App Store Will Enable Outside Payments, With Stipulations
Apple Inc. will let developers enable purchases outside of its App Store, marking a change that previously prohibited such action. The move comes in the wake of the U.S. Supreme Court this week...
View ArticleClik here to view.
Launched in July, FedNow Hits the 400 Mark in Number of Participating...
FedNow, the real-time payments network operated by the Federal Reserve, announced late Tuesday it has 400 financial institutions participating as senders or receivers after six months of operation....
View ArticleClik here to view.
Eye on Point-of-Sale: Sound Payments POS Updates Are Issued; a New PCI...
Sound Payments issued a slate of updates for its point-of-sale system, including a way for retailers to categorize returns. Jacksonville, Fla.-based Sound Payments says the new return-categories...
View ArticleClik here to view.
Data Compromises Hit a New High As Cyber Criminals Leverage GenAI And New...
Data compromises reported in the United States reached a record high in 2023, totaling 3,205, a 78% rise over 2022 and up 72% from the then record high of 1,860 in 2021, according to the Identity...
View ArticleHuntington’s Secure Card And Other Digital Transactions News briefs from 1/30/24
The Huntington National Bank launched a secured credit card offering 1% cashback rewards and no annual fee. Secured cards require cardholders to make a one-time, refundable deposit to back activity on...
View ArticleClik here to view.
In Chargebacks, Consumers Trust Their Banks, a Chargebacks911 Report Finds
Most U.S. consumers—53%—concerned about a possible fraudulent transaction on their credit card statements make the first inquiry with the issuing bank, not with the merchant. That’s according to the...
View ArticlePayRange Licensing Victor And Other Digital Transactions News briefs from...
KioSoft Technologies has agreed to license technology from PayRange Inc. in a deal that could exceed $62 million in value over a 10-year period. The agreement stems from a settlement of a four-year...
View ArticleClik here to view.
As Its U.S. Business Slows, Mastercard Looks to Emerging Markets Like Real...
Mastercard Inc. is confronting a slowdown in dollar volume in its home market while it pushes into vital new markets like real-time payments and open banking, its presentation of fourth-quarter 2023...
View ArticleClik here to view.
More Salvos Emerge in the Battle Over a Credit Card Networking Bill
Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition...
View ArticleClik here to view.
ABA Formalizes BIN Administration Handoff to Long-Term Partner CUSIP
CUSIP Global Services announced late Wednesday that it will be taking over day-to-day operations of the administration of the issuer identification number system from the American Bankers Association....
View ArticleClik here to view.
COMMENTARY: Charting a Course Toward Transparent and Secure Digital Payments
Decentralized finance (DeFi) is revolutionizing the way consumers and businesses handle their financial affairs, offering an innovative alternative to traditional, centralized financial systems. This...
View ArticleClik here to view.
If Top Card Execs Must Testify, So Should Merchant Leaders, CCCA Opponents Argue
Days after Sen. Dick Durbin, D-Ill., sent letters to the chief executives of Visa Inc. and Mastercard Inc. demanding they testify before the Senate Judiciary Committee about their opposition to the...
View ArticleSmaller Issuers Have Better Rates, CFPB Says and other Digital Transactions...
The Consumer Financial Protection Bureau’s most recent analysis of card issuing practices found that in the first half of 2023 small banks and credit unions tended to offer lower interest rates than...
View ArticleClik here to view.
The EU’s Fine Against Apple in Its Spotify Case Echoes a Familiar Story
The European Commission is planning to announce a fine of about 539 million euros ($500 million) on Apple Inc. next month after investigating a complaint from Sweden-based music app maker Spotify...
View ArticleClik here to view.
Capital One May Acquire Discover. What Could That Mean?
Capital One Financial Corp. may be on the brink of acquiring Discover Financial Services, if two news reports are accurate. The Wall Street Journal and Bloomberg.com separately reported on Monday a...
View ArticleClik here to view.
For Cap One, the Pulse Network Is the ‘Rare Asset’ in Its $35.3 Billion Deal...
(Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that...
View ArticleClik here to view.
Will Cap One’s Deal for Discover Create ‘True’ Network Competition? Depends...
Capital One Corp.’s proposed acquisition of Discover Financial Services may give Cap One an alternative network over which to route credit card transactions, but the deal will not create the “badly...
View ArticleQu Lands GoTo Foods POS Deal And Other Digital Transactions News briefs from...
Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu...
View ArticleGalileo’s RTP Addition and other Digital Transactions News briefs from 3/4/24
Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple...
View ArticleCFPB’s New Card Late Fees Cap and other Digital Transactions News briefs from...
The Consumer Financial Protection Bureau finalized a rule that caps late fees on credit card payments to $8, down from a typical $32. The rule goes into effect 60 days following its publication in the...
View Article
