paymentssource

How Fiserv’s Purchase of First Data Helps It Tackle False Declines

An acquisition as large as Fiserv’s deal to buy First Data has lots of moving parts, but one big piece may be a new First Data product that’s designed to improve the vexing problem of payment approvals.

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PayThink 3-D Secure Takes the Security/friction Balance Out of the Dark Ages

As card-not-present (CNP) transactions across e-commerce, m-commerce and remote commerce rise, so does fraud. Adding security without simply creating more points of friction is a real challenge, but one that the EMV 3-D Secure protocol – EMV 3DS for short – is trying to combat.

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Why Uber, Grab Are Taking Bigger Steps Into Fintech

More in Ride-sharing heavyweights Uber and Grab built their markets by making payments seamless, and their expansion plans are similarly hooked into improving payments and other financial services.

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BofA to Reissue 4 Million Cards in Rapid Contactless Push

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach. In New York, Boston and San Francisco, BofA will force a mass NFC upgrade by mailing new contactless credit and debit cards to all of its consumer card […]

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Small Cross-border Deals Play a Big Role for Visa, Mastercard

Visa’s recent green light from U.K. regulators to complete its Earthport acquisition was more than just the clearing of a regulatory hurdle – it was a revealing look at how important it has become for the card networks to diversify.

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Apple’s SCOTUS Setback Jeopardizes Apple Pay’s Momentum

Apple’s aggressive posture when it makes moves in retail and payments has drawn a lot of pushback and controversy, but its setback in the Supreme Court could be the most dire threat yet to the growth of Apple Pay.

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Wells Glitch Shows All Banks Should Re-examine Card and ATM Processes

Wells Fargo earlier this year suffered an shutdown that halted card processing, ATMs and other financial services, and provided a continuity wake up call for the entire industry.

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Square Extends Invoice App to the U.K.

The information you need to start your day, from PaymentsSource and around the Web: Light on cash Square is launching its invoices app in the U.K. for businesses that are concerned about the timing of their payments. The app, which Square in 2018 tied to Google Pay and Square’s own APIs in the U.S.

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D.C. Needs to Keep Up With the Payments Tech Wave

More consumers are finding alternatives to traditional banking that empower them with new flexibility and capabilities. Even previously unbanked or underbanked consumers are discovering these innovative options and accessing all that the digital marketplace has to offer.

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5 Security Threats to Watch in 2019

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks. Payment providers are looking for broad, new approaches to fighting fraud.

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The Biggest Changes Coming to the Point of Sale in 2019

Despite years of advancements in mobile and online payments, the physical point of sale remains still ripe for disruption. The physical POS is, in many cases, still a heavy piece of hardware plugged into a receipt printer and maybe a PIN pad.

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Mobile Payments and Finance Should Accompany a Tech Revolution in the Back Office

Mobile payments are eliminating the need for cash, online banking offers fast and easy convenience and banks are incorporating customer-facing front-end operations with digital solutions.

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