Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Apr 6, 2020

Visa Foundation Commits $210 Million to Support Small and Micro Businesses and Immediate Covid-19 Emergency Relief

The commitment involves two programs. One designates $10 milion to support charitable organizations and the other is a five-year $200-million commitment to support small and micro businesses around the world. > See Article

Apr 6, 2020

Mastercard Enables Romania and Belgium to raise the Contactless Limit and Champions Permanent Increase Across Europe

Following the news that Mastercard committed to enabling the increase in contactless payment limits across Europe, a further 2 countries have become fast followers, bringing the total to 31 countries implementing limits. > See Article

Apr 6, 2020

EU Commission to Examine Mastercard-Nets Deal

Mastercard Inc.´s bid for a part of Scandinavian payments group Nets is a significant threat to competition in Europe, the European Commission said on Monday after it was asked by six national competition agencies to examine the deal. > See Article

Apr 4, 2020

PayU Launches a Number of Innovative Initiatives to Support Businesses Amidst Covid-19 Pandemic

Among the key initiatives are a commitment to build free websites for merchants using PayU´s payment gateway, and a partnership with India to provide merchants with loans. > See Article

Apr 3, 2020

Payway to Provide New Customers with Six Months of Free Gateway Services

The integrated payment processing solution will offer free gateway service for six months to businesses that might need support during the Covid-19 global crisis. > See Article

Apr 3, 2020

RBC Cuts Credit Card Interest by 50% for Clients Facing Hardship Due to Covid-19

Upon completion of a financial review with an RBC advisor, clients receiving minimum payment deferrals on credit cards will be eligible for a 50% credit of their interest charges during the deferral period. > See Article

Apr 2, 2020

Experian Offers Free Business Credit Report to Every Small Business in America and Free Access to New Covid-19 U.S. Business Risk Index

All American-owned small businesses will get free access to their Experian business credit report from now until May 1, 2020. > See Article

Apr 2, 2020

FICO Solution Helps Firms Manage Deluge of Payment Holiday Requests Due to Covid-19

FICO has created a set of digital scenarios to help firms quickly and easily set up new payment schedules that help customers seeking immediate relief. > See Article

Apr 2, 2020

Korea´s KB Bank Uses Trustonic In-App Protection to Enhance Mobile Banking Experience

By combining Trustonic Application Protection with its new digital authentication certificates, the bank is dramatically simplifying customers´ access to banking services and enabling them to authenticate higher value transfers in-app, without the need for cumbersome security tokens or unified user authentication. > See Article

Apr 2, 2020

Sony Bank Secures and Enhances Mobile Banking with OneSpan´s Mobile Security Suite

OneSpan helps the bank secure and improve the customer experience by detecting and preventing mobile threats in the background, while integrating convenient features like facial recognition and fingerprint biometrics. > See Article

Apr 2, 2020

Mastercard Enables Higher Contactless Payments Across Canada

This initiative comes in the wake of Covid-19 as health officials recommend social distancing and merchants encourage consumers to pay with contactless for a safer way to pay. > See Article

Apr 2, 2020

SafeDistancePay.com from Touchpoint.io is First Zero Contact Payment Solution to Work with Every Point of Sale

In the Bay Area of California, where six counties are ordering businesses to provide contactless payment systems or disinfect all payment equipment after each use, local company Touchpoint.io has announced a zero-contact bill presentation and payment solution that works alongside all point-of-sale systems. > See Article

Apr 2, 2020

Publix Now Offers Contactless Pay Options

Publix is rolling out contactless pay to all its stores, including GreenWise Market. > See Article

Apr 1, 2020

PFS Closes Deal to Complete Acquisition by EML

Prepaid Financial Services has finalized its acquisition by EML and has become part of a listed entity, EML Payments.  > See Article

Apr 1, 2020

US Payments Forum Primer on EMV 3-D Secure Gives Merchants and Issuers a Better Understanding of Features and Benefits

With EMV 3DS implementations now underway, the U.S. Payments Forum released a white paper to provide a primer on the EMV 3DS protocol, its features, and the data and transaction process. > See Article

Apr 1, 2020

CFPB Issues Credit Reporting Guidance During Covid-19 Pandemic

In response to the pandemic, many lenders are being flexible when it comes to consumers making payments. The bureau´s statement underscores that consumers benefit if lenders report accurate information about these arrangements to credit bureaus so the credit reports of consumers are accurate. > See Article

Apr 1, 2020

SoftBank-Backed Lender Kabbage Cuts Off Businesses as Cash Needs Mount

Kabbage Inc., an online lender backed by SoftBank Group Corp., cut off credit to its small business clients in the past week, more than a dozen customers and an employee said in interviews. > See Article

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