Digital Transactions Authoritative, insightful and timely information for payments professionals
More states are introducing legislation exempting merchants from paying interchange on sales tax and tips. Bills are currently pending in Alaska, Massachusetts, and New York. In Alaska, the proposed bill, which was attached at the 11th hour to a bill authorizing businesses to pay employees using reloadable cards, has been …
May, 2025
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23 May
Visa’s Payments Forum Notes a Digital ID Expansion
Visa Inc. is heralding a number of advances in payments technologies, among them the growth of digital-identity services related to payments, continued contactless-payments penetration, and progress with its Flex Credential. Visa said its efforts to create secure digital-identity technology, aimed at making the checkout more secure, is advancing. Central to …
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23 May
CIMB Bank Picks ACI for Payments Update and other Digital Transactions News briefs from 5/23/25
Payments-technology provider ACI Worldwide Inc. announced CIMB Bank, said to be the second-largest financial-services provider in Malaysia, has opted for ACI’s services to merge all of the bank’s account-to-account transactions onto a single platform. Bitget Wallet unveiled a new logo as part of an ad campaign to advertise its position as a crypto …
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22 May
Eye on Point of Sale: Lightspeed Marks $1 Billion in Revenue; Manhattan Associates Secures a Shopify Presence
In a first, point-of-sale system and e-commerce platform Lightspeed Commerce Inc. exceeded $1 billion in yearly revenue, posting $1.1 billion for its fiscal year ended March 31. That’s up 21% from $909 million the previous year. It wasn’t enough, however, to offset financial performance, resulting in a loss for the …
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22 May
How CCCA Sponsors See an Opportunity to Advance the Bill
Sponsors of the Credit Card Competition Act saw the passage of the GENIUS Act on a preliminary vote as an opportunity to give the CCCA new life in advance of plans to reintroduce the legislation in the current Congress. Attaching the bill to the GENIUS Act, which would regulate stablecoins, …
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22 May
Curve Pay Debuts on iOS Devices in Europe and other Digital Transactions News briefs from 5/22/25
Curve has launched Curve Pay on the iOS operating system for European consumers, becoming the first payments technology to use the iPhone’s NFC interface following Apple Inc.’s agreement with the European Commission to open that interface to competing services. U.S. Bank has issued a Visa debit card cobranded with Gonzaga University and aimed at …
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21 May
Trying to Revive the CCCA, Durbin And Marshall Look to Make It an Amendment to the GENIUS Act
Sponsors of the Credit Card Competition Act moved late Tuesday to attach the legislation as an amendment to the GENIUS Act, a proposed bill to regulate stablecoins. While the Senate must approve the move, it potentially gives the legislation new life as it failed to advance out of committee in …
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21 May
Eye on BNPL: Pay-Over-Time Besting Credit Cards for Some; Afterpay Lines up More Merchants
The predictability of buy now, pay later loans and the interest-free nature of many of them is appealing to merchants, as many consumers—86%—believe the economy is uncertain, finds a new report from Affirm Inc. Commissioned by installment-payment provider Affirm, the survey, conducted by Talker Research in March of 2,000 U.S. …
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21 May
Fintech Breach Sources and other Digital Transactions News briefs from 5/21/25
Nearly 42% of breaches suffered by major fintech companies stem from third-party vendors, according to “Defending the Financial Supply Chain: Strengths and Vulnerabilities in Top Fintech Companies,” issued by Security Scorecard, which analyzed 250 major fintechs. The processor FIS Inc. said it will work with Letskipp Ltd., also known as Kipp, to develop …
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20 May
HungerRush Enables Direct Connections for Delivery; DoorDash’s Preferred Integrations Program
HungerRush, a provider of point-of-sale and online-ordering systems for restaurants, has launched the Grubhub Marketplace integration for its POS platform. The Grubhub Marketplace integration allows restaurants to “reduce technology clutter” by receiving Grubhub orders directly from the HungerRush POS platform, HungerRush says. The integration also enables orders from DoorDash and …
