News

May, 2025

• 16 May

  Global Payments Launches Its Genius Platform

  

  Global Payments Inc. has rolled out its long-awaited Genius point-of-sale package of products and services. Touted by Global Payments as a “POS command center for business operations,” Genius is a major step in the Atlanta-based company’s quest to unify all of the its POS products into a single, configurable POS …
• 16 May

  How Barry McCarthy Is Steering Deluxe Into Digital Payments

  

  At the helm of Deluxe Corp. since 2018, Barry McCarthy is seeing a payoff from the company’s shift from paper-based to electronic payments. Minneapolis-based Deluxe, which posted $2.1 billion in 2024 revenue, has seen its percentage of overall revenue attributed to its payments services, which includes merchant services and business-to-business …
• 16 May

  CFPB Revises Wise Penalties and other Digital Transactions News briefs from 5/16/25

  

  The Consumer Financial Protection Bureau has revised a January order for remittance provider Wise that reduces its $450,000 penalty and $2.025 million fine to $45,000 and to redress the harm to consumers. On Jan. 30, the CFPB, under Rohit Chopra who was fired in February, had ordered the previous penalties to resolve claims alleging …
• 15 May

  Zoho Launches Zoho Payments In the U.S. Market

  

  Zoho Corp., an Indian multinational software company, is launching Zoho Payments in the United States. Zoho Payments is an embedded-payments solution that enables businesses to collect one-time and recurring payments from customers, online and within Zoho apps.  Billed by Zoho as an out-of-the box payment solution, Zoho Payments supports the …
• 15 May

  Mastercard Looks to Support Stablecoins in a Deal With Wallet Provider MoonPay

  

  The big card networks have worked for several years to exploit the growing business of transactions based on cryptocurrency, and the latest development emerged early Thursday with an announcement that Mastercard Inc. is looking to enable acceptance of stablecoin-backed cards at the more than 150 million merchants worldwide that accept …
• 15 May

  77% Tire of Drive-Thru Wait and other Digital Transactions News briefs from 5/15/25

  

  SoundHound AI Inc. said of the 94% of U.S. consumers who use voice assistants while driving or have voice assistants available 77% would rather place their orders using an in-car voice assistant rather than wait in a traditional drive-thru lane. The survey, conducted by research firm Big Village, included responses from …
• 14 May

  AI Engine Perplexity Adds PayPal to Its Commerce Suite

  

  Artificial intelligence engine Perplexity.AI will soon enable PayPal and Venmo payments for products, travel, and tickets that are found via its tool. Announced Wednesday by PayPal Holding Inc., the service will be enabled this summer for U.S. subscribers to Perplexity Pro, which is $20 per month. This is the second …
• 14 May

  With HODL Pay, BitPay Aims to Bridge the Gap Between Decentralized Finance and Everyday Crypto Spending

  

  Cryptocurrency-payments platform BitPay Inc. is betting its HODL payment option will make it easier for investors to spend their digital currency without first having to sell their crypto assets to make a purchase or pay a bill. Launched earlier this week, HODL Pay enables consumers to borrow stablecoins against their …
• 14 May

  Costco, Mattress Firm Pick Affirm and other Digital Transactions News briefs from 5/14/25

  

  Affirm Inc. announced deals for its buy now, pay later service to be available at Mattress Firm and at Costco Wholesale. Mattress Firm says it is the largest mattress retailer in the U.S. market, with more than 2,200 locations. India-based Zoho Corp. entered the U.S. market with the launch of Zoho Payments, which supports cards …
• 13 May

  First-Party Fraud Rockets In 2024, Despite Overall Fraud Rates Flattening, LexisNexis Says

  

  First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud occurs when a consumer disputes a legitimate credit card transaction, claims he never received the order, or misrepresents personal information …