Small Web Businesses Favor Ancillary Payment Service Providers

A new survey of web-based U.S. small businesses (between $500 thousand and $5 million annual sales) found a picture that is both reassuring and threatening to providers of payment services. The Mercator Advisory Group survey discovered small businesses deal primarily with one payments provider, on the other hand, ancillary payment service providers are joining the…

Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…

MasterCard Harnesses AI for the 1st Time to Reduce False Declines

Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines.  This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…

Small Business Debit Usage is an Untapped Gold Mine for Issuers

A new report found nearly half of small businesses use business debit, creating both a strong user base and an opportunity to grow for debit issuers. However, use of personal demand deposit accounts (DDAs) and debit products persists, even among larger small businesses. Converting additional businesses to debit may be harder than it should be.…

CardTek CEO Wins Female Executive of the Year/Business Products

Ayşe Nil Sarıgöllü, CEO of Cardtek, was selected as the winner of a Silver Stevie Award in the Female Executive of the Year, Business Products, 11-2,500 Employees category in the 13th annual Stevie Awards for Women in Business. Ayşe Sarıgöllü was honored for her strategic leadership at Cardtek, the fastest growing technology company in EMEA,…

CanPay Takes Cannabis Payments to a New High

CanPay, the first debit payment solution for the cannabis industry, confirmed its availability to retailers and consumers in Washington, Oregon, and Colorado. On the heels of eight states legalizing recreational or medicinal cannabis last week, CanPay is the only legitimate and stable debit payment solution for merchants in newly legalized and established cannabis markets, operating…

PayZang Beefs-Up with New Payment Portal and API Services

Salt Lake City-based PayZang is taking-off big-time as it continues to demonstrate its ability to keep up with and even surpass the trends. A large part of the reason for PayZang’s continued excellence in providing merchant services is the staff’s awareness of the ever-changing needs of merchants and consumers of today. In response to these…

Sleek & Durable iPad Mini Case Handles Swipe, Dip & Tap Payments

Untethered payment terminals have allowed merchants of all sizes, whether a restaurant, retailer, food truck operator, or an artist working a craft fair, to bring the cash register to the customer and facilitate faster check-outs and a better service experience. The L7 Case is designed to create a roaming sales terminal that seamlessly combines an…

Samsung Rewards Takes Mobile Payments to a New Level in the U.S.

Samsung Pay unveiled a first-of-its-kind incentive program for a mobile payments platform in the U.S.: the “Samsung Rewards” program. For every transaction users conduct with Samsung Pay, enrollees in Samsung Rewards will earn points, which can eventually be redeemed for a variety of items, including gift cards to some of nation’s most popular retailers, prepaid Samsung…