Digital Transactions

Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other hardware. In the deal, news of which broke as the weekend began, the Cupertino, Calif.-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal.

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How Their Open-Banking Buys Could Propel Mastercard and Visa

How Their Open-Banking Buys Could Propel Mastercard and Visa

The global retail-payment networks Mastercard and Visa are on a tear, acquiring and investing in adjacent payment-opportunity space in networks that can leverage and reinforce their existing franchises. Their traditional payment schemes are dominant worldwide and near indestructible.

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Wirecard’s U.S. Unit Bids for a New Owner as Rivals Sense an Opportunity to Win New Business

Wirecard’s U.S. Unit Bids for a New Owner as Rivals Sense an Opportunity to Win New Business

The fallout from the Wirecard AG financial scandal has hit the U.S. market as the processor’s North American unit announced late Monday it is seeking a buyer. Wirecard North America Inc., based in Conshohocken, Pa., said it has engaged an unnamed investment bank to assist in the transaction.

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In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small and Occasional Sellers

In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small and Occasional Sellers

In an effort to reach occasional and very small sellers struggling with restrictions imposed to deal with the novel coronavirus pandemic, PayPal Holdings Inc. on Tuesday launched a Quick Response code capability for its mobile app.

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Get Ready for the ‘Global Reset’ in Payments Spurred by Covid-19

Get Ready for the ‘Global Reset’ in Payments Spurred by Covid-19

The world’s response to Covid-19 already has accelerated trends underway in the payments business, and pandemic-spurred innovations will continue after the contagion eases, according to three senior industry executives said Tuesday.

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An Analysis of Planned Changes to Network Rates Yields a Deep Impact for U.S. Merchants

An Analysis of Planned Changes to Network Rates Yields a Deep Impact for U.S. Merchants

Visa Inc. and Mastercard Inc. have postponed their planned U.S. interchange revisions until July, but when these changes do take effect the net impact on merchants will be deep, according to an analysis released by CMSPi, an Atlanta-based global merchant payments consultancy.

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Card Networks to Postpone Interchange Adjustments

Card Networks to Postpone Interchange Adjustments

The payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned.

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Growth in Mobile Fraud Far Outpaces Growth in M-Commerce, TransUnion Study Finds

Growth in Mobile Fraud Far Outpaces Growth in M-Commerce, TransUnion Study Finds

With 78 of e-commerce transactions in 2019 coming from mobile devices, retailers have good reason to invest in their mobile-shopping experiences. Doing so, however, is not without risk, says credit-reporting agency TransUnion in its Global E-Commerce in 2020 report released Tuesday.

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Square Wins FDIC and Utah Approvals for Its ILC, Sparking Heated Banking Opposition

Square Wins FDIC and Utah Approvals for Its ILC, Sparking Heated Banking Opposition

The federal government and the state of Utah this week cleared the way for a controversial industrial loan corporation to be set up by Square Inc. that could help the payments company cement ties with its merchant base.

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Ajay Banga, Architect of Mastercard’s ‘Multi-Rail’ Strategy, Will Step Down as CEO in January

Ajay Banga, Architect of Mastercard’s ‘Multi-Rail’ Strategy, Will Step Down as CEO in January

Ajay Banga, chief executive of Mastercard Inc. for the past decade and the strategist who converted what had been mostly a consumer card network into a player in non-card and real-time payments, said Tuesday he will step down Jan. 1 as CEO.

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Eye on Gas Stations: Networks Reject Delay in EMV Liability Shift; Visa Warns of Malware Attacks

Eye on Gas Stations: Networks Reject Delay in EMV Liability Shift; Visa Warns of Malware Attacks

Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems.

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Alleging Digital Wallets Are Not Prepaid Products, PayPal Sues the CFPB Over Its Prepaid Rule

Alleging Digital Wallets Are Not Prepaid Products, PayPal Sues the CFPB Over Its Prepaid Rule

PayPal Holdings Inc. on Wednesday sued the Consumer Financial Protection Bureau alleging the regulatory agency’s 8-month-old prepaid rule represents a “category error” and a violation of the First Amendment and should be vacated by the court. The lawsuit, filed in the U.S.

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