Industry News

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

Jan 21, 2020

PCI Pal Advances to a Cisco Preferred Solution Partner

The Cisco Solution Partner Program, part of the Cisco Partner Ecosystem, unites Cisco with third-party independent hardware and software vendors to deliver integrated solutions to joint customers. As a Preferred Solution Partner, PCI Pal has achieved Cisco compatibility certification for two of its solutions, Agent Assist and IVR. > See Article

Jan 21, 2020

Amazon Kicks Off Localized Payments in Chile with dLocal

Amazon customers in Chile can shop on with international and domestic credit cards, including interest-free installments and Amazon Prime Video subscriptions in Chilean pesos. > See Article

Jan 21, 2020

ACI Worldwide Chooses The Bancorp and Visa as Real-time Payment Providers for Corporate Disbursements

ACI Worldwide will utilize push-to-card payment technology--Direct Rapid Funds platform--developed by The Bancorp and enabled by Visa Direct, Visa´s real-time payment solution, to offer faster payment experiences to its corporate customers.  > See Article

Jan 21, 2020

JCB Expands Its Merchant Network with Nets Group in Finland

This latest strategic expansion initially enables over 18,000 businesses across Finland to accept JCB payments through the Nets Merchant Services platform. This will provide JCB´s growing Russian and Japanese cardmember base with the opportunity to shop with ease and peace of mind whilst they visit the country.   > See Article

Jan 17, 2020

Mastercard and Partners Launch Priceless Planet Coalition to Act on Climate Change

Together with partners who share a commitment to doing well by doing good, the Priceless Planet Coalition is pledging to plant 100 million trees over five years. Founding partners in the coalition include Citibank, Santander U.K., IHS Markit, bunq, Saks Fifth Avenue, L.L. Bean, New York Metropolitan Transportation Authority, Transport for London, and American Airlines. > See Article

Jan 16, 2020

Marqeta Certifies with Mastercard to Provide Processing Services Enabling European Fintechs to Get to Market Faster

Marqeta is now a European-certified processor with Mastercard. This new collaboration is designed to help digital banks and fintechs get to market and scale more easily. Twisto, an innovative daily payments app linked to a card, will be the first European customer to deploy Marqeta´s card processing capabilities with Mastercard. > See Article

Jan 14, 2020

Ingenico Integrates with Apple Pay Support for Loyalty Programs to Drive Stronger Engagement Between Merchants and Consumers

Ingenico Group has integrated Apple Pay support for loyalty programs into its payment solutions to offer merchants and consumers more value in-store. Through the integration, merchants of all sizes using Ingenico solutions will now be able to leverage the fast and convenient experience of loyalty, rewards, gift cards, and other value-added services in Apple Wallet on iPhone. > See Article

Jan 14, 2020

ACI Worldwide, Inc. Announces Preliminary 2019 Results and 2020 Guidance

ACI Worldwide announced preliminary unaudited financial results for the full year ended December 31, 2019, and guidance for 2020. Based on preliminary information available at this time, for the year ended December 31, 2019, ACI currently expects revenue between $1.255 billion and $1.265 billion, up over 20% over 2018. > See Article

Jan 14, 2020

H&M Launches Pay Later in U.S. Market with Klarna

Together with Klarna, H&M has now introduced a new unique payment solution in the U.S., enabling a frictionless and flexible checkout for customers across all channels. With Pay Later, members of H&M´s loyalty program are offered the possibility to shop now and pay later both online and in stores using the H&M app. The purchases are handled within the H&M app where customers can decide how and when they want to pay. > See Article

Jan 14, 2020

Participation in Visa Token Service Hits Major Milestone as Digital Commerce Expands

Visa Inc. announced that participants in Visa Token Service (VTS) are estimated to process a combined ecommerce volume of $1 trillion, marking a significant opportunity in its efforts to make digital payments more secure. > See Article

Jan 13, 2020

BP Launches New U.S. Consumer Loyalty Program

BP recently unveiled a new consumer loyalty program, called BPme Rewards, and rolled it out to participating BP and Amoco retail stations nationwide. Exclusively available in the BPme app, consumers are now able to complete their fueling transaction directly through a mobile device, so they can avoid swiping a credit card or using the PIN pad. > See Article

Jan 13, 2020

Co-op Utilizes ACI Worldwide to Prevent eCommerce Payment Fraud

ACI Worldwide announced that British food retailer The Co-operative (Co-op) has selected ACI´s fraud management solution ReD Shield to prevent ecommerce payment fraud. Co-op is one of the U.K.’s largest convenience food retailers with more than 2,600 stores and fuel sites across the country and recently announced major online expansion plans to address this rapidly growing channel. > See Article

Jan 13, 2020

Expensify Launches First Ever Corporate Card Rewards Program that Makes a Difference: Karma Points

Expensify announced a new corporate card initiative, Karma Points, that makes an automatic charitable donation every time an Expensify cardholder makes a purchase. With every swipe, Expensify will donate 10% of Expensify Card revenue to causes aimed at keeping people off the streets, getting hungry kids meals, and fighting climate change. The Expensify Card is the first corporate card to offer a more meaningful alternative to traditional rewards points. > See Article

Jan 13, 2020

Socket Mobile, Inc. Introduces Contactless Membership Card Reader/Writer

Socket Mobile, Inc. announced availability of the SocketScan S550, Contactless Membership Card Reader/Writer on its Developer Portal for app developer purchase. With the S550, retail merchants can now offer tap-and-go experiences for a variety of nonpayment use cases that were previously only possible for contactless payments, and now with unique experiences controlled by the app. > See Article

Jan 13, 2020

Visa to Acquire Plaid

Visa Inc. announced it has signed a definitive agreement to acquire Plaid. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid. Plaid´s products enable consumers to conveniently share their financial information with thousands of apps and services such as Acorns, Betterment, Chime, Transferwise, and Venmo. Consumers rely on these apps and services to help plan their spending, increase their savings, and monitor their investments. > See Article

Jan 10, 2020

Change at the Top of the Supervisory Board of Wirecard AG

The Chairman of the Supervisory Board of Wirecard, Mr. Wulf Matthias (75), has decided to relinquish his position with immediate effect. The new Chairman is Thomas Eichelmann (54). > See Article

Jan 9, 2020

Samsung SDS and Syniverse Simplify Mobile Payments for Anyone with a Phone

Samsung SDS and Syniverse announced they will bring together Samsung SDS’s Nexledger Universal platform and Syniverse’s industry-leading blockchain solution, Universal Commerce, and market-aware Mobile Engagement platform to develop a common platform that will work with any mobile operator and allow any mobile user to send money, loyalty points, or other digital currencies to other mobile users or merchants on a global basis. > See Article

Jan 9, 2020

InComm Japan Partners with Taiwanese QR and Barcode Payment Processor JKOPay

The partnership will expand range of Incomm´s payment options by enabling users to make QR/barcode payments at thousands of retailers in Japan. > See Article

Jan 9, 2020

ACI Worldwide´s UP Merchant Payments Achieves Oracle Validated Integration with Oracle´s Retail (POS) Solution

This integration enables global omnichannel retailers to implement UP Merchant Payments with Oracle by reducing risk, implementation time, and cost. > See Article

Jan 9, 2020

Nets Acquires Finnish Payment Technology Providers Poplatek and Poplapay

The acquisitions will further strengthen Nets´s group-wide payment application capabilities and offerings within payment terminal services. > See Article

Today's Download: The Current Issue

Issuers, merchants, and acquirers that process card payments from their merchant customers spend heavily to protect themselves from card-not-present (CNP)...