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Category: News

Visa Fraud Monitoring: What Merchants Need to Know

The Visa Fraud Monitoring Program (VFMP), an initiative by Visa that helps merchants identify and lower excessive fraud activity, recently made updates to their dispute conditions. The main change applies specifically to a set of rules called Dispute Code 10.5

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Current Trends in Automated Onboarding

Current Trends in Automated Onboarding

“Automation is important to stay competitive and ahead of the curve. However, to be competitive in the long run, it doesn’t mean one has to cut corners,” says Rob Lemmen, Chief Commercial Officer at Truevo. “The biggest challenge is to be appropriately vigilant while ensuring you offer merchants the fastest and easiest onboarding experience possible. When working with a high volume of merchants, it only makes sense to systemise and automate as many as possible, or most of your processes to take advantage of economies of scale. The way we’ve worked to do that at Truevo is to create a scoring system for merchants.”

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COVID-19 and its effect in the payment industry

COVID-19 Changes the Payments Industry

From the rolling back of mandates to the rise of contactless transactions, the payments industry has seen its fair share of changes since the world learned about COVID-19 earlier this year. Visa and Mastercard have postponed merchant requirements scheduled for the spring. Contactless payment minimums have been raised around the world to discourage surface contact on areas where the virus can thrive. The UK’s Financial Conduct Authority extended its deadline for Strong Customer Authentication (SCA) for six months.

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Truevo's smart terminal from PAX Technology takes a contactless mobile payment from a customer. The wireless device accepts Google Pay, Apple Pay, Visa, Mastercard and Maestro cards.

Truevo Launches Point of Sale Solution in UK, Ireland, Malta

Full-service card acquirer and payment service provider, Truevo, has announced the launch of their point of sale solution into the United Kingdom, Ireland and Malta tody. Previously, Truevo specialised in online, mobile and push payment solutions, so this offering marks the broadening of their product range into the card-present industry.

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Truevo Opens Its 2nd European Office In Bulgaria

Truevo Opens Its 2nd European Office in Bulgaria

We’re expanding! By another office, in fact. As we’ve grown, we’ve been keeping our eyes open for another work home in Europe that can house a further European arm of our IT and Product teams. Currently, we have offices in Malta and South Africa. Our headquarters are in Malta. South Africa hosts our Technical Team together with part of our Service Delivery and Human Resources. We’re developing new products and have achieved profit year on year, so it’s time for us to broaden out and support more of our European customer base. And with that, we’re off to Sofia.

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Newgen Payments Integrates with Truevo

Newgen Payments Integrates with Truevo for New Private Label Product

Amsterdam and Delhi-based payment gateway, Newgen Payments has announced their partnership with European fintech company, Truevo today. The collaboration offers ISOs and PSPs a cutting-edge plug and play payment product to brand and market through their networks. Truevo is a full-service card acquirer and payment tech company which helps businesses accept card payments in over 120 currencies and receive settlements in the currency of their choice. They are renowned for inventive products like OCT, their push payment solution which sends near-instant payouts to over a billion eligible Mastercard and Visa cards across the globe.

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PAX Partners with Truevo for UK Point of Sale Solutions

PAX Partners with Truevo for UK Point of Sale Solutions

PAX Technology, the world’s leading manufacturer of point of sale products announced today its partnership with European-based card acquirer and payment service provider, Truevo Payments. Together, the two companies will launch their point of sale solution to small and medium-sized businesses in the UK and Ireland, then on to the rest of Europe.

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