CFPB Rules on BNPL
The latest interpretive rule from the CFPB on May 22, 2024, subjects buy now, pay later (BNPL) companies to the Truth in Lending Act (TILA), Regulation Z, subpart B which also pertains to credit card issuers.
Area of Interest: Merchant Acquiring
Crédit Agricole and Worldline Merchant JV
France is the largest payment card market in the European Economic Area with purchase volume exceeding $770 billion annually. However, card acceptance and merchant acquiring in France is poised for disruption.
Global Network Card Results Worldwide — 2023
p6 Visa, UnionPay, Mastercard, American Express, JCB and Discover/Diners Club credit, debit and prepaid cards generated 687.19 billion purchase transactions worldwide for goods and services in 2023, up 9.9% over 2022. Included in those purchase transactions on the global card networks were consumer, small business and commercial card products. When debit card figures are mentioned […]
Fractal’s Smart Routing for Debit Transactions
Fractal, a startup based in Ohio, provides a smart routing service that SaaS platform providers can offer their merchants to identify the lowest cost debit network among Star, Nyce, Accel, Pulse and Shazam.
PPro Provides Access to Local Payment Methods
For nonlocal sellers in Latin America, PPro facilitates financial settlement and handles all local tax and other regulatory requirements using a single platform accessible via a single API, and typically requiring only a single contract.
Mastercard’s Scam Protect
Scam Protect’s machine learning and AI are used to identify the signals of a victim who is being defrauded using device intelligence and behavioral biometrics. Those signals could include hesitation while typing on a website or in an app— sometimes because the victim is being coached over the phone by a criminal.
Clover Kiosk from Fiserv
The self-service Clover Kiosk can be mounted on a wall, rest on a countertop or placed on a floor.
Bolt Adds Checkout.com as Latest Processor Partner
Last month, the company became the exclusive accelerated checkout provider to full stack payment platform provider Checkout.com, which operates on six continents.
JCB Card Acceptance Expands in Europe
Among JCB partners in Europe are 9 of the top 10 merchant acquirers. Payment facilitator partners in Europe include Stripe and SumUp.
Matera’s Ledger Supports FedNow and RTP Transactions
Matera’s Digital Twin ledger software can replicate any type of balance handled by a core banking system, including DDA (demand deposit account), credit cards and even loyalty points.
