DataCash, global payments services provider, has announced that its fraud management solution (GateKeeper 2.0) will be the first of its kind to integrate MasterCard's Lost-Stolen Account List API. The MasterCard API cross-references over 30 million lost and stolen cards globally. The integration will empower merchants with greater fraud detection capabilities and lessen the potential to reject legitimate customers.
Switch announced the CardSavr API which allows credit card details to flow directly from the card issuer to thousands of ecommerce sites. Once integrated, updated card information can be sent to the selected sites without users needing to reload the information, or card issuers to reissue cards.
Imagine checking out at the grocery store once, and breaking that single transaction into multiple payments at scheduled intervals. Visa sites research that indicates this functionality is attractive to consumers and Visa is developing an API that will allow merchants to offer this option.