Global Interoperability for Digital Wallets
The OpenWallet Foundation wants to change the status quo by facilitating global interoperability for digital wallets through creation of open-source software.
Area of Interest: Merchant Acquiring
Worldpay from FIS Offers Commerce 360
Most customers for Commerce 360 are merchants with fewer than 20 locations that accept up to $15 million in card sales annually.
VoicePay for Contact Centers via WhatsApp
VoicePay, which can be white labeled, protects against fraud that can occur at those centers, especially insider fraud.
OpenWay SaaS Platform for CaaS Providers
Operating from the cloud allows OpenWay and its customers to use Way4 to offer a dedicated SaaS, including those wanting to offer their clients a Cards-as-a-Service platform.
Intergiro Adds Embedded Finance Option for PSPs
Merchants can opt-in to receive settlement in near-real time or one day later depending on their liquidity needs. Business accounts support up to eight currencies.
ACI Adds Instant Pay for A2A Payments
Instant Pay is an account-to-account payment service that can be accessed via a single integration.
Global Network Card Brands US — 2022
Consumer and commercial credit, debit and prepaid cards issued in the US carrying the American Express, Discover, Mastercard and Visa brands generated $9.563 trillion in purchase volume in 2022, an increase of 13.0% over 2021.
Visa and Mastercard Cards in the US — 2022
Visa and Mastercard consumer and commercial credit, debit and prepaid cards issued in the US generated $8.272 trillion in purchase volume in 2022, up 12.0% from 2021.
New SE Asia Ecommerce Fraud Ring
Ecommerce sites in the US and Asia-Pacific lost an estimated $700 million in fraudulent sales to criminals in Southeast Asia during the fourth quarter of 2022. Operating mainly from Malaysia, Vietnam and Indonesia, the fraudsters targeted sellers of smartphones, computers and semiconductor chips.
CFPB Proposes Change to US Credit Card Late Fees
On February 1, the US Consumer Financial Protection Bureau (CFPB) proposed a rule to curb credit card late fees, saying that they represent more than 10% of all credit card finance charges and fees paid annually.
