PSP Services Inc. Announces Agreement to Acquire the NCR Atleos Debit Card Production and Transaction Processing Business in Canada
VAUGHAN, ON, Oct. 28, 2024 /CNW/ – PSP Services Inc. (PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. The assets will be a very complementary addition to PSP’s award-winning HLX™ unified commerce platform. “As PSP has continued to evolve its business and successfully execute on a number of strategic objectives that we had planned, this acquisition is timed very well as we are eager to further enhance the acquired assets with very specific solutions that have been built …
New Rules and Fees to Enhance Ecosystem Risk Performance
Effective Date: October 2021 Overview: Visa is introducing new rules, non-compliance assessments and fees to ensure clients properly use and action declined transaction response codes that will serve to improve authorization and mitigate invalid transactions. These changes are designed to drive improvements across the payments ecosystem by encouraging good business practices which will reduce fraud, improve authorization approval rates and reduce operational costs for the ecosystem. Securing Payment Environments EMV has rolled out in most countries and has reached a high level of maturity. Global Visa-processed data for the year ending December 2018 shows that 85% of issuer traffic at …
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