02 / 05 / 17

Payment Processing News Merchants Need to Know About

Good morning (or afternoon or evening). We?ve rounded up some of the latest news you need to know about in the world of credit card processing and merchant services! Enjoy!

First Data Launches New Clover Flex

Aliant is excited to be one of the first credit card processors to offer the latest product from First Data, called Clover Flex. The new Clover Flex is a portable POS device that offers merchants ultimate flexibility for their payment and point of sale needs. It accepts EMV smartcards, PIN entry, EMV contactless (NFC), and swipe, and can be used in line, at the table, at the counter or on the go. Click to read more.

Apple Reportedly Working (Again) on Mobile P2P Service

Apple reportedly is seeking to reignite the idea of launching its own mobile person-to-person payment service that would compete with Venmo, Square Cash and Zelle. Click to read more.

Ecommerce Fraud To Surge, Says Radial Data

Some not-so-great news for retailers: credit card fraud is on the rise in the eCommerce arena- up 200% in Q1 of this year. The new data from Radial also showed that overall fraud is up 30 percent year over year. The highest increases in online fraud since August 2016 were found to be in electronics, entertainment, jewelry and sporting goods. Click to read more.

UPS Wants Retailers To Pay For Unfilled Space

UPS is looking to test a new pricing model in which the cost of empty space during the holidays is covered by retail partners. The move, which comes as part of broader negotiations with retailers over peak delivery seasons, looks to address major retailers who order capacity for forecasted shipments but then fail to meet expected volumes. Click to read more.

The mobile app security risk is growing

The very nature of the mobile payment process ? with its multiple entities and electronic handoffs ? gives rise to security issues. A new article on Mobile Payments Today outlines some of these security risks, and what merchants and retailers can do to protect themselves. Click to read more.

 

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