FAIRBIT has received Mastercard Tap on Phone EMV Level 2 certification for its “Fairbit Kernel-on-the-Cloud” product. SoftPOS enables any Android device to take payments without any additional hardware. The technology runs on the Google Cloud platform. It supports all CVM methods, including Online PIN, Signature, and CD CVM. Fairbit Kernel-on-the-Cloud software received Visa Ready Tap […]
Vyne is an account-to-account (A2A) payment specialist created two years ago to provide ecommerce merchants an alternative for customers who pay with debit and credit cards. The company’s cloud-based technology stack was built to operate on open-banking rails and real-time ACH networks, while leveraging biometric (fingerprint, facial) authentication within a bank app to meet SCA […]
The 13th largest merchant acquirer in the U.S. ranked by general purpose card purchase volume will expand into Europe and Asia-Pacific with a $575-million all-cash deal to buy merchant acquirer and payment service provider Finaro. Shift4’s acquisition positions it to compete with companies including Adyen, Nuvei and Checkout.com. The transaction is expected to close by […]
Mastercard announced its Mastercard Installments BNPL program in September 2021 with participation from Barclays US, Fifth Third, FIS, Galileo, Huntington, Marqeta, SoFi, and Synchrony in the U.S. Installments has since expanded to include Hummgroup and Limepay in Australia, ViaBill in Europe, and Pine Labs and DBS in Singapore, Hong Kong and Indonesia. New partners in […]
In step with the growth of ecommerce sales is the increasing number of transactions that credit and debit card issuers request merchants to charge back because cardholders claim a problem of some kind. Sellers of all types of goods and services suffer these requests. The fastest growing claims for chargebacks are purchases considered to be […]
Buy now, pay later installment financing for purchases made online and in-store is becoming a payment option consumers worldwide expect to have, even in markets that offer revolving credit cards. While specialist fintechs that offer BNPL installment payments have been growing rapidly in recent years, the number of consumers with credit and debit cards is […]
Skeps provides technology on a white-label basis that other companies can use to deliver buy now, pay later (BNPL) point-of-sale financing programs to merchants. The BNPL technology operates on a blockchain. Within their own environment, lenders make available to Skeps a byte code version of their risk models. The private blockchain is used to execute […]
From January 1 to June 30, 2021, Visa, UnionPay, Mastercard, JCB, Diners Club/Discover and American Express brand credit, debit and prepaid cards collectively generated 259.47 billion purchase transactions for goods and services worldwide. This was up 31.9% from the same period in 2020. UnionPay restated downward its midyear 2020 figures from those that we published […]
The UnionPay International (UPI) subsidiary of China UnionPay plans to grow its business outside of China through a cardholder and merchant processing partnership with Fiserv. The companies signed a contract in October 2021. The partnership will be ready to serve new financial institution and multinational merchant customers later this year. Fiserv is the largest issuer […]
RSA Security was sold to a consortium led by private equity firm Symphony Technology Group in September 2020. In June 2021, RSA set up its fraud & risk intelligence business as a stand-alone company called Outseer. The new company holds payment authentication, fraud management and account monitoring assets that support digital commerce for financial institutions […]
Nilson Report
Expertise
Research
News & Events
Subscribe
Connect
Mailing Address:
PO Box 50539
Santa Barbara, CA 93150
USA
Phone:
805-684-8800
