Mastercard’s Biometric Checkout Program
Recognizing the opportunity to further reduce friction in the payment process as well as to provide consumers with another method of payment, Mastercard has created the Biometric Checkout Program.
Region: Canada
Gr4vy Payment Orchestration Platform
Cloud-native payment platform Gr4vy provides ecommerce sellers with access to global and domestic-only card brands, BNPL providers and alternative payment methods through a single integration. The company, which launched a year ago, built its technology to operate without the need for merchants to use in-house IT staff for installation or ongoing operations.
Digital Currency Update
Payment processor Jack Henry will partner with Nydig, an institutional digital asset firm, to provide crypto transactions on its Banno Digital Platform. Jack Henry services 7.1 million consumers through local and regional financial institutions.
Inetco Real-Time Fraud Fighting
Before commerce was transacted on the internet, Inetco was a software company providing real-time packet switching to telecom industry clients worldwide. Since 2019, Inetco has used its real-time processing and analytics skills to detect and block payment card fraud.
Pax M8 Android POS Tablet
The fifth largest manufacturer of POS terminals worldwide has released a POS tablet called the M8 that operates on Android 11 and can run payment acceptance applications simultaneously with apps for inventory management, food and beverage ordering and loyalty/rewards programs.
Digital Currency Update
Wirex, a digital currency payment platform, launched a Visa prepaid card issued by Sutton Bank in the U.S. that will facilitate conversion of 37 cryptocurrencies from Wirex wallets at the point of sale with zero exchange fees.
Digital Currency Update
Binance, a digital currency exchange, has partnered with Contis, a payment processor, to offer Ukrainian refugees a Visa-brand debit card loaded with $75 of the stablecoin Binance USD per month, for three months. The stablecoin is tied to the U.S. dollar.
IBM Mainframes Integrate AI
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
BNPL Deals Since Jan. 2021
Over the past 15 months, there have been 67 deals involving companies offering buy now, pay later services. Of those transactions, 14 were either mergers or acquisitions.
Supply Problems Continue for Chip Payment Cards
Since the first quarter of 2020, multiple factors have contributed to shortages in the availability of EMV-compliant microprocessor chips and a concurrent increase in prices for finished credit, debit and prepaid cards delivered to issuers worldwide.
