Microsoft, like other major online retailers, has been a target for criminals’ intent on committing fraud since the beginning of ecommerce. About 10 years ago, when criminals started to deploy more sophisticated tactics, Microsoft began developing technology in-house to fight losses it incurred when selling digital and physical products.
Two years ago, Microsoft decided to market its fraud-fighting technology to financial institutions and merchant acquirers under the name Dynamics 365 Fraud Protection Solution.
A consortium of banks and payment processors raised $36.5 million in seed money a year ago to explore creation of a card network competitor to Visa and Mastercard in the European Union. The effort had the backing of the European Central Bank. However, the European Payments Initiative, which has yet to achieve operating company status, […]
Mastercard has announced a five-year global sales and marketing partnership with cloud-native software provider Zeta to promote that company’s API-based card account management platform. Zeta built its technology from scratch. Mastercard says the robustness and sophistication is unrivalled. Sodexo, which provides prepaid products worldwide, uses Zeta’s card-management system in Latin America, Southeast Asia, Spain and […]
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 […]
