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Payment Industry News and Analysis

The latest news and information about the companies, products and services that are shaping the payment industry. From PCI Compliance to the latest trends in mobile payment processing, VeriProcess has all the latest news and information to keep you informed on the payment industry.

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One of our goals at VeriProcess is to create transparency in this space; by creating awareness and educating merchants on industry related topics and key phrases used, we believe you will be able to drive your business toward greater efficiency and financial success.

RECENT PAYMENT INDUSTRY NEWSPayment Industry Postings

White House Looks To UK For eProcurement Strategy

While experts say the U.S. government is making strides in adopting more efficient policies through the use of technological innovations, federal officials are reportedly not building up these policies from scratch. Officials are instead looking to their counterparts across the pond for best practices and lessons learned when implementing new tools like digital procurement programs. The White House Chief Technology Office, Megan Smith, was vocal this past week about the U.S. lagging behind Britain in … Read More »

Payment Topic: News

No Credit Card? No Problem, Say Millennials

If you can’t conceive of life without a credit card, you might be older than 29. According to a new survey from CreditCards.com, more than 1 in 3 (36 percent) of millennials — people between the ages of 18 and 29 — have never had a credit card. Young adults, the poll indicates, are wary of credit cards because they came of age during the Great Recession, which brought about historic student loan debt. “Millennials’ … Read More »

Payment Topic: News

MasterPass Added to ProPay’s Online Checkout Options

ProPay is getting on board with MasterPass. The financial services company, which is owned by TSYS, announced yesterday (April 14) that it has added MasterCard’s digital wallet, MasterPass, to its options for online checkout. MasterPass operates by allowing a MasterCard cardholder to securely store his or her card data — including profile information such as shipping addresses — online for easy access during checkout. The digital wallet eliminates the need for a MasterCard cardholder to … Read More »

Payment Topic: News

AmEx Connects with Jawbone for Wearable Payments

Want a device that can track how many calories you’ve burned, count your steps, and…help you spend some money? That seems to be the idea for American Express and wearable products company Jawbone, as the duo is preparing to announce plans this week for AmEx cardholders to be able to make purchases with their fitness band (at select vendors), according to The Wall Street Journal. The source who shared the information with WSJ does not believe … Read More »

Payment Topic: News

The Year of Payments – 2015 – One Quarter In

According to the Chinese lunar calendar, 2015 is the Year of the Sheep. Sheep, so says the Chinese astrological calendar, are gentle, calm and cute – animals seen as symbols of peace, harmony and tranquility. But since sheep also need dogs like border collies to keep them from wandering into harm’s way, they may be nice and cute but they don’t appear to be the sharpest tools in the farmer’s shed. The Year of the … Read More »

Payment Topic: News

Net-a-Porter Brings Chanel “Digital Pop Up” eCommerce

Welcome to online retail, Chanel Fine Jewellery. For the first time ever, some of the Paris-based brand’s jewelry will be available online via high-end fashion retail site Net-a-Porter, it was announced late last week (April 10). Via The Telegraph, the limited-edition Coco Crush collection will only be available on Net-a-Porter for three weeks beginning April 15. Coco Crush is a six-piece collection consisting of five rings and one cuff, available in 18-carat white and yellow … Read More »

Payment Topic: News

The White House Breach and Payments’ Wake Up Call

When the history of cybersecurity in the digital age is written, it may be possible that the extreme and detailed coverage of Hillary Clinton’s use of personal email to transact State Department business will go down as one of the great examples of burying the lead. This is not because the PYMNTS editorial staff has any opinion on the matter of conducting State Department work through a personal email account; that is for political junkies … Read More »

Payment Topic: News

Alternative Lending Still on the Decline for SMEs

Following a long winter, small business lending continues to thaw. March figures show approval rates are improving—reaching new heights, according to the Biz2Credit Small Business Lending Index. Big banks and institutional lenders lead the way in approvals. Institutional lenders approved the lion’s share of new loans, granting 60.9 percent of small business funding requests last month. March saw a slight increase from February’s approval rate of 60.7 percent. Institutional lenders could be considered the powerhouse … Read More »

Payment Topic: News

Taming The Virtual Card Beast in Corporate Payments

The Trend I’ve counted at least fifteen companies whose primary value proposition is converting a corporation’s payables to settlement via virtual cards, rather than check or ACH. Many of these companies offer other services (e.g., e-invoicing), but it is clear they make their real money on the interchange associated with these transactions. Some of these companies target large enterprises generally and some specialize in verticals ranging from healthcare to entertainment to higher education. Together, these … Read More »

Payment Topic: News

Square Adds Fastbite Service To Its Delivery Service Menu

Even given the tech sector’s nearly universal drive to make sure that no American with a smartphone will ever be hungry again, Square’s acquisition of food delivery service Caviar last summer seemed like something of a puzzler. Square’s main corporate MO had been centered around payments thus far – and food delivery seemed a little far afield. However, Square’s commitment to competing in the food delivery space has only grown since the Caviar acquisition, and … Read More »

Payment Topic: News
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