In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU).
CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS platform and payment gateway.
CHARGEBACKS911 – Target Corporation recently surpassed $2.5 billion in online sales during the 2015 fiscal year, and its fourth-quarter digital channel revenue also set new records, increasing 34% and crossing the $1 billion threshold for the first time. While the growth in online revenue is undoubtedly welcome news for Target, leading dispute mitigation and risk management firm Chargebacks911 warns that the growing proportion of online sales may be accompanied by an unexpected rise in related fraud losses due to increased chargeback activity.
CONFORMANCE – Conformance Technologies, a fast-growing provider of operating systems, education systems and expertise used in managing business compliance requirements, announced the launch of two new offerings designed specifically to help the merchant acquiring industry operate with increased security, integrity and operational efficiency while lowering risk. InConRadar is an automated website scanning service that identifies suspicious commercial activities and business practices requiring further acquiring bank or payment processor investigation. The company’s Payment Security Awareness System helps merchants continually assess and record compliance with Payment Card Industry Data Security Standard (PCI DSS) requirements on a day-to-day basis so they stay compliant all year long, not just at a specific point of time during annual PCI compliance validation.
WORLDREMIT – Mobile Money transfer service WorldRemit– the UK’s fastest-growing technology firm – has chosen Australia as its base in Asia-Pacific. One of Europe’s biggest FinTech services, the WorldRemit app, lets migrants send money instantly to their friends and family abroad in Latin America, Africa, Asia and the Pacific.
