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Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks

PYMNTS Top News in Payments

In today’s top news in payments, the U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in fuel dispenser POS cyberattacks. Also, Uber is negotiating the sale of Uber Eats to India’s Zomato.

 

US Antitrust Regs Probe Google’s Shopping Comparison Tool

The U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool. The investigation will delve into how Google acts in the eCommerce comparison market and whether it hurts the competition.

Visa Warns Of Rise In Gas Station POS Cyberattacks

Cybercriminals are increasingly stealing credit card information from fuel dispenser merchants, according to a report from Visa. Customer data are at risk with fuel dispenser point-of-sale (POS) systems due to the lack of secure acceptance technology in that type of POS environment.

Uber Negotiating With India Rival Zomato To Unload Eats Biz

Uber is reportedly in talks to sell its food delivery arm, Uber Eats, to India’s Zomato. As part of the sale, Uber would invest $100 million to $200 million of fresh capital in the company, keeping some skin in the game. The merger would result in the largest food delivery business in India.

SWIFT Expands Global KYC For Corporates

Swift is expanding its global Know Your Customer (KYC) registry to more corporate groups, the company announced in a press release Monday. The registry was first tested with 18 groups and offers “huge benefits” by simplifying the KYC process for banks and financial institutions.

What’s Next For Payments In The Next Decade: The Seven 2020 Trendlines

As the end of a decade decorated with payments and commerce innovation looms, Karen Webster lays out the seven trendlines she says will shape the new decade, one that will see yet another massive transformative shift.

New Data: Why MSPs Are Staking Their Futures On Value-Added Services

Nearly 90 percent of merchant service providers believe offering value-added services — like alternative payment acceptance and data analytics — is vital to their success. But navigating which services — and how — is another step. In the Key To Optimizing Merchant Services Report, PYMNTS surveyed more than 200 MSP executives to chart the VAS innovation roadmap.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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