PayVector’s New Owners Add Best-of-Breed Fraud Prevention

PayVector’s New Owners Add Best-of-Breed Fraud Prevention

The PayVector payment processing gateway is in the new hands of Guildford, UK-based ai Corporation from Iridium Corporation. The PayVector gateway processes payments for 38,000 merchants & £2 billion transactions per year. The acquisition will bring together best-of-breed fraud prevention with multi-channel payment processing. PayVector was founded in 2007 to offer a wide range of…

Payments as a Service (PaaS) Need EMV-Enabled Security

Payments as a Service (PaaS) Need EMV-Enabled Security

As Payments as a Service (Paas) soars, multiple businesses have formed partnerships and rolled out new EMV-enabled security to protect sensitive payment information. According to the latest edition of the PYMNTS.com Payments as a Service Tracker, done collaboratively with Cayan, several companies have partnered with one another to improve their security going forward. Action Systems…

Visa and MC Hit the One Billion Payment Card Accounts Milestone

Visa and MC Hit the One Billion Payment Card Accounts Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/16) grew 7.1% year-on-year (YOY). U.S. credit GAC was up 7.4% YOY and U.S. debit GAC increased 6.9% YOY in 1Q/16. For the first time Visa and MasterCard set the one billion U.S. payment card accounts milestone.…

SYNCHRONY; PAYZER; NERDWALLET; and CASHBET

In Other News: SYNCHRONY (agreement); PAYZER (Nexstar); NERDWALLET (aboutLife); and CASHBET (partnerships). SYNCHRONY – Synchrony Financial and Vaughan Bassett Furniture Company, a leading American manufacturer of sustainable home furnishings, inked a multi-year extension of its consumer financing program agreement. The program, which began in 2010, will continue to provide customers with access to a range…

Other News: TSYS; BILLTRUST; MAINSTREAM; and RIPPLE

In Other News: TSYS (Equinox); BILLTRUST (AvidXchange); MAINSTREAM (Revel); and RIPPLE (clients). TSYS – TSYS and Equinox Payments announced the availability of a semi-integrated payments solution to help Value-Added Resellers (VARs) quickly and easily develop and release EMV-certified technology to their customers. Running on the Equinox Apollo terminal, the Voyager application is an EMV-certified solution…

Mobile Payments to Skyrocket 39% CAGR to $2.89 Trillion by 2020

Mobile Payments to Skyrocket 39% CAGR to $2.89 Trillion by 2020

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global mobile payments are expected to grow by a compound annual growth rate (CAGR) of 39% through 2020. This year mobile payments are projected to hit $769 billion, rising to $2890 billion in 2020. According to a new report from FMI, global mobile payment transaction volume will grow by a massive…

CivicPay Ready to Capture Citizen-to-Government Payments

CivicPay Ready to Capture Citizen-to-Government Payments

Accela has unveiled CivicPay on the Accela Civic Platform, enabling citizens to make payments to government agencies online in real-time. CivicPay offers residents an easier way to make payments anytime, from anywhere, and allows agencies to securely automate the process. CivicPay’s system addresses the pain points associated with traditionally time-consuming and difficult payment reconciliation processes…