Industry News

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

Jan 17, 2019

TNS Targets South American Expansion with Strategic Acquisition of Link Solutions

The acquisition of the family-owned business gives TNS two new offices in Brazil, 65 new employees, and an extensive customer base of mPOS, transportation, security, and tracking customers that collectively use over 500,000 Link-managed SIMs in the country. > See Article

Jan 17, 2019

Square Introduces Free Debit Card for Businesses, Giving Sellers Real-Time Access to Funds

Square Card is a free business debit Mastercard that helps businesses manage their cash flow by eliminating the time between making a sale and having the funds available to spend. Square Card also offers sellers a 2.75% instant discount on purchases made at other Square sellers. > See Article

Jan 17, 2019

Secure Technology Alliance Provides Implementation Guidance, Discusses Opportunities and Challenges for Multimodal Payments Convergence in Transit

This is the second in a two-part series on multimodal payments convergence, outlining key considerations for successful convergence as well as recommendations for implementation. > See Article

Jan 17, 2019

Fortumo Launches PayRead, the Frictionless Payment Solution for Digital Publishers

Fortumo´s PayRead lets digital publishers identify and charge users through their SIM card, the most widely available digital identity globally. > See Article

Jan 17, 2019

American Express Reports Fourth Quarter Earnings Per Share of $2.32 and Full Year EPS of $7.91

American Express Company reported fourth-quarter net income of $2.0 billion, or $2.32 per share, compared with a net loss of $1.2 billion, or $1.42 per share, a year ago. > See Article

Jan 16, 2019

PCI Security Standards Council Publishes New Software Security Standards

The PCI Secure Software Standard and the PCI Secure Lifecycle Standard are part of a new PCI Software Security Framework, which includes a validation program for software vendors and their software products and a qualification program for assessors. The programs will be launched later in 2019. > See Article

Jan 16, 2019

Discover to Increase Acceptance in the Nordics through Agreement with Nets

Nets will work with current and prospective merchant partners to help provide increased acceptance of Discover, Diners Club International, Pulse, and affiliate network cards across these markets. > See Article

Jan 16, 2019

Fiserv to Buy First Data for $22 Billion to Boost Payments Business

Fiserv, one of the biggest technology providers to banks by revenue, said in a statement the acquisition enables it to offer services to financial clients, from enrolling new customers to providing multiple ways to handle physical or digital payments. > See Article

Jan 15, 2019

NCR Payment Services Announces New Equinox Device Integration for EMV-Certified Payment Solutions

Newly integrated Equinox Luxe devices for NCR Connected Payments ensure complete data and transmission security from PIN pad to processor. > See Article

Jan 15, 2019

American Express Acquires Japan-Based Restaurant Booking Service Pocket Concierge

Pocket Concierge was launched in 2013 to help book quality restaurants, including those that are Michelin-starred and others that have months-long waitlists for reservations. It currently works with 800 restaurants and is available in Japanese, English, and Chinese. > See Article

Jan 15, 2019

Alliance Data Provides Card Services Performance Update for December 2018

Receivables averaged $17.42 billion for December, down 2% YOY. Charge-offs were $77.7 million. > See Article

Jan 14, 2019

Ingenico Launches IBM Watson-Enabled Chatbot to Enhance Customer Experience

Ingenico´s payment-enabled chatbot uses natural language processing from IBM Watson to better interpret nuances in language and phrasing, reducing the steps consumers have to take in order to complete purchases.   > See Article

Jan 14, 2019

First Data Announces PCI P2PE Validation for Enterprise Clients

The addition of TransArmor P2PE, using Ingenico Group´s On-Guard solution, makes First Data the first processor to offer enterprise clients a single, multilayered solution with both point-to-point and end-to-end encryption. > See Article

Jan 14, 2019

Equinox Payments and Acceo Tender Retail Deliver PCI 5.x-certified P2PE-ready Solutions on First Data Platform

The solution leverages the First Data payment platform and supports First Data TransArmor encryption and tokenization. Value-add features include First Data´s dynamic currency conversion. > See Article

Jan 14, 2019

Worldline Launches WL One Commerce Hub, the Single Payment Platform for Europe and Beyond

WL One Commerce Hub allows merchants to expand their business in new markets with optimized transaction costs. It also enables them to deliver an omnichannel client experience such as ´try and pay later´ services. > See Article

Jan 10, 2019

U.S. Dataworks Processes More Than $1 Trillion in Payment Transactions for 900+ Financial Institutions in 2018

From a national perspective, approximately five percent of all check volume in the United States flows through Clearingworks. > See Article

Jan 10, 2019

Ingenico and Pyramid Blend Their Expertise to Distribute the Ultimate Connected Kiosk

Think&Go kiosks have a Pyramid touchscreen and an inner layer of Ingenico readers. The screen, therefore, supports interactions or transactions made with all NFC devices including bank cards, smartphones, travel cards, ID cards, and loyalty cards. > See Article

Jan 10, 2019

Klarna Links up with Daniel Wellington to Allow Shoppers to Slice Their Purchase and Pay Over Time

Loyal shoppers of Daniel Wellington will now benefit from Klarna´s newest payment option, which allows customers to pay for their watches and accessories in four equal interest-free installments collected biweekly from the shopper´s chosen debit or credit card. > See Article

Jan 10, 2019

Sberbank and Azbuka Vkusa Perfect Fingerprint Payment Service

Russian residents use their fingerprint to pay at all AV supermarkets equipped with biometric POS terminals, regardless of where they signed up for this service. Previously, customers could only use fingerprint payment at the supermarket where they registered their biometric details. > See Article

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