Industry News

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

Aug 16, 2019

Discover and Verve Mark Launch of Verve Global Card with First Transaction Event

Holders of the new card can make payments outside of Nigeria on the Discover Global Network, which includes anywhere Discover, Diners Club International, Pulse, and affiliate network cards are accepted.  > See Article

Aug 16, 2019

Alliance Data Announces Preliminary Results of Modified Dutch Auction Tender Offer Including Proration

In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, Alliance Data expects to acquire approximately 5,067,567 shares at a price of $148.00 per share, for an aggregate cost of approximately $750 million, excluding fees and expenses. > See Article

Aug 15, 2019

US Payments Forum Market Snapshot: Updates on EMV Certification Timelines, Chip at the Pump, Contactless Transition and Current Forum Priorities

The Market Snapshot reports that 63% of in-store payment terminals in the U.S. are chip-enabled, and 68% of total transactions are chip-on-chip.  > See Article

Aug 15, 2019

IHG Rewards Club Premier Credit Card Launches Most Rewarding Offer Yet

For a limited time, new IHG Rewards Club Premier Credit cardholders can earn 40X points total per $1 spent at more than 5,700 IHG Hotels & Resorts, and 4X points per $1 spent on all other purchases. > See Article

Aug 15, 2019

Alliance Data Provides Card Services Performance Update for July 2019

Average receivables for the month ended July 31, 2019, were $17.344 billion, down 2% year over year. Net charge-offs were $82.093 billion. > See Article

Aug 14, 2019

LianLian Group is the First Chinese Enterprise Successfully Obtaining the Thailand Payment License as a Foreign-Funded Company

In the near future, based on Thailand Payment License, LianLian Pay would be specialized in local retail, airline travel, cross-border ecommerce, and other fields, providing payment services for small and medium-sized online and offline merchants, cross-border merchants, etc. > See Article

Aug 13, 2019

Repay and Visa Canada Announce Partnership to Expand Online Payment Acceptance in Canada

The partnership aims to bring speed and convenience to the traditional debt repayment process by reducing the complexity of online payments and lowering the costs associated with debit card acceptance. > See Article

Aug 13, 2019

Splitit Adds Leading Music Software Provider Ableton to Its Growing List of Merchants

Under the partnership, Splitit will earn merchant fees for each consumer transaction that passes through its solution. There are no contractual minimum volumes. > See Article

Aug 13, 2019

Experian´s Ascend Analytical Sandbox Now Available to More Lenders Seeking Deeper Insights, Greater Accuracy, and Improved Decision-Making

Financial institutions of all sizes can leverage advanced analytics, artificial intelligence, and machine learning with new configurations of Experian´s platform. > See Article

Aug 12, 2019

OTT Pay Launches UnionPay QR Code Payment Solution, Attracting Chinese Consumers to Canadian Businesses

With the launch of this payment solution, businesses in Canada will be able to capture a greater share of the valuable Chinese consumer market. > See Article

Aug 12, 2019

FreedomPay and Vista Technology Services Partner to Deliver Seamless Field Servces to Merchants Across U.K. and Europe

The three-year partnership will give FreedomPay immediate access to over 4,000 engineers in over 30 European countries to manage the installation and maintenance of payment solutions from simple to complex across the region.  > See Article

Aug 9, 2019

Wirecard Offers Fully Digital Payout Solutions for Millions of North American Consumers with Launch of New Mobile App

With the new Wirecard app, cardholders can seamlessly track related balances and payment activities on their mobile device. > See Article

Aug 8, 2019

Verishop and Affirm Partner to Enable Customers to Shop Now and Pay Over Time

Verishop customers now have a no-interest payment option that allows them to spread out the cost of a purchase over three monthly payments.  > See Article

Aug 8, 2019

Verrency and Coinify Partner to Enable Bank Customers to Spend Virtual Currency at Any Merchant Over a Bank´s Existing Payment Cards

The new partnership enables virtual currency assets to be securely used at any merchant and be offered to bank customers across existing rails and payment methods. > See Article

Aug 8, 2019

Credit Unions and Payrailz Partner to Form New CUSO, CU Payz

CU Payz was founded to enable credit unions to take control of their future by partnering with Payrailz to develop new, innovative technologies and services. > See Article

Aug 8, 2019

3dcart Partners with ClearSale to Deliver Comprehensive eCommerce Fraud Protection for Customers

Customers using ClearSale will also receive guaranteed protection from costly fraud-related chargebacks. > See Article

Aug 7, 2019

InComm and LA Metro Partner to Expand Access to TAP Card Sales throughout LA County

TAP riders can currently buy and reload TAP cards at more than 450 retail locations across Los Angeles County. This partnership will expand that total to more than 2,000 stores in 2020. > See Article

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