Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
May, 2025
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13 May
Square Marks New Handheld POS Device and Release Schedule
With consumers and small-business owners long accustomed to mobile phones, Square is counting on that familiarity to make its new Square Handheld device an easier-to-use point-of-sale device. Calling Square Handheld, which is roughly the size of a smart phone though thicker, its most powerful and portable POS device ever, Square …
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13 May
Toast’s Restaurant Menu Monitor and other Digital Transactions News briefs from 5/13/25
Toast Inc. launched its Menu Price Monitor, which tracks U.S. restaurant pricing trends. The company claims a client base of more than 140,000 restaurant locations. LegitScript said it is launching a benchmarking program to allow e-commerce clients using its marketplace to measure risk in various categories. Payouts platform Onbe announced it has expanded its …
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12 May
Paysafe Teams With Fiserv to Offer Merchants Digital Wallets And Other New Features
Paysafe Ltd. and Fiserv Inc. are teaming up to offer merchants using Fiserv’s Clover point-of-sale terminals a digital wallet to receive settlements and access banking services. The wallet, which is intended to speed settlements, allows merchants to accept payments, including credit cards, bank transfers, and alternative options, and use the …
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12 May
Eye on AI: SpotOn’s AI Tool to Debut; AI Ransomware’s Future
As artificial-intelligence services become more commonplace, their impact on the payments industry, both good and bad, is becoming clear. As a tool to help merchants, AI services can help with a variety of tasks, something restaurant point-of-sale specialist SpotOn Transact LLC will be counting on as it launches its AI-powered …
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12 May
Arborgold Payments Debuts and other Digital Transactions News briefs from 5/12/25
Arborgold, a software provider for landscapers, launched Arborgold Payments, allowing users to process credit, debit, and automated clearing house payments within the Arborgold software. Tillo, a gift card and rewards platform, announced it has received an investment from Tenzing, a technology investor. The sum of the investment was not disclosed. …
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9 May
The Pizza Ranch Chain Adds Digital Wage Access Through Payments Provider Branch
Pizza Ranch Inc., a Midwestern buffet restaurant chain specializing in pizza and chicken, has added digital wage access through payments-platform provider Branch LLC. Pizza Ranch workers will be able to digitally receive their hourly wages, tips, and mileage reimbursement after each shift. Employees also receive a fee-free bank account into …
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9 May
COMMENTARY: BNPL Is Booming, And So Are the Risks You Can’t Ignore
Buy now, pay later has changed the way people shop. It’s quick, intuitive, and built around modern consumers, a seamless option at checkout that breaks big purchases into manageable moments. No fuss, no friction. For payments organizations, it’s opened new avenues of growth. Adoption is soaring. Merchants are happy. Consumers …
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9 May
A New Crypto Gateway and other Digital Transactions News briefs from 5/9/25
ONE.io, a specialist in digital-currency payments, and BoomFi, a cryptocurrency-technology provider, announced they will launch ONE Gateway, designed to allow ONE.io clients to accept crypto payments while automatically receiving settlement in fiat currency. In related news, SmartMedia Technologies, a loyalty and payments technology provider for blockchain-based transactions, launched its Pay with …
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8 May
Financial Institutions Press Their Case Against Illinois’s Interchange Law
Plaintiffs in the lawsuit challenging the Illinois Interchange Fee Prohibition Act are pushing hard to make their case that national banking laws pre-empt the IFPA, which is scheduled to go into effect July 1. In a motion filed late Wednesday, the plaintiffs argued that federal banking laws supersede the Illinois …
