Payments News

On The Web

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Reports

Rising Competition Is Pressuring ISVs, But Also Threatens Existing ISO Relationships

“In recent years, independent sales organizations and payment processors have generated plenty of lucrative business by working with software developers and marketers—businesses usually known as independent software vendors, or ISVs . But now a report indicates the software market is getting increasingly crowded, a development ISVs fear is pressuring prices. It’s also raising developers’ demands […]
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Reports

Federal Reserve Finds Strong Support For Its Real-Time Payments, Concerns Over Timing

““ Over 90 percent supported the Federal Reserve operating a round-the-clock real-time payment and settlement service alongside services provided by the private sector,” the Fed said. Almost every comment — from community banks, regional banks, retailers, associations of convenience stores and gas stations, and e-commerce giants, favored a Fed real-time payment system. The main exceptions […]

On The Wires

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Reports

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 Trillion

“Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics released this week from The Nilson Report, the leading card and mobile payment industry trade publication.  At the end of 2018, there were 6.96 billion credit, […]
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Reports

Synthetic Identity Fraud Is the Fastest-Growing Financial Crime in the U.S. and One of the Most Dangerous, GIACT® Report Finds

“GIACT Systems®, the leader in the positive identification and authentication of customers, today announced the release of a new white paper, The Hidden Costs of Synthetic Identity Fraud. Due to the availability of customer data from large-scale data breaches in recent years, GIACT’s latest white paper highlights the emerging threats that synthetic identify fraud (SIF) poses […]
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Reports

SmartMetric, the Maker of Biometric Credit and Debit Cards, Says the Use of Cards for Payments Is Growing at a Phenomenal Rate With Now More Than 8.2 Billion Credit/Debit Cards Worldwide

“The majority of issued credit cards now are what are commonly called “chip cards.” That is cards with small square chip on the surface of the card that is used to send encrypted information from the card to the retail card reader and ATM. The United States has more than 842 million* credit and debit […]
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Reports

Software Developers Plan to Double Payment Methods to Increase Sales & Revenue

“Independent software vendors (ISVs) are looking to increase the number of payment methods they offer from four to nine over the next year, but are being held back by legacy systems and a lack of internal resources, according to new research from Paysafe , a leading specialized payments platform. Revealed in the report ‘Lost in […]
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