Payments News

On The Web

nbsp;

Companies

Square sellers no longer need signatures for card payments

August 16 2018

“The process uses a new “dip transaction flow” that prioritizes the parts of a transaction that are critical to security, which means less time standing in line, waiting for your card info to churn through to the issuer. More pertinently, though, Square sellers in the US and Canada can now skip collecting signatures on all […]
nbsp; nbsp;

Tech

Worldpay Tests Dynamic CVV Cards In Anticipation Of Broader Availability

June 13 2018

“Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed […]
nbsp; nbsp;

Global

Starting In December, All Businesses Must Accept Plastic

August 21 2018

“The El Financiero reports that despite in a few months begins the obligation to accept payments by credit or debit card, as well as any other electronic mechanism, in addition to cash, businesses seem to be far from complying with the measure. The change will affect any business for profit, either on physical or legal, that only accepts […]

On The Wires

nbsp; nbsp; nbsp;

Tech

CONTACTLESS PAYMENTS TO REPRESENT 1 IN 3 IN-STORE TRANSACTIONS GLOBALLY BY 2020

August 6 2018

“New data from leading fintech analysts, Juniper Research, estimates that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020, representing 15% of the total point of sale transactions. Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than previously anticipated by […]
nbsp;

Tech

Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Instant Payouts

October 3 2018

“Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network, to enable real-time2 funds disbursement to their entire fleet. This new feature, called Postmates “Instant Deposits,” is facilitated by Stripe’s Instant Payouts feature, running on Visa Direct, Visa’s real-time push payments platform, and is now live and available to the Postmates fleet of […]
nbsp;

Tech

WEX Partners with Troovo for Robotic Process Automation of Virtual Card Generation

September 10 2018

“Troovo has developed intelligent Robotic Process Automation (RPA) solutions that enable industries such as travel, payment, and procurement to fully automate their workflows and processes. As these businesses typically transact across borders and process high volumes of data, RPA solutions are optimal to improve operational efficiencies, boost capabilities, and reduce processing costs.”