News

January, 2025

• 3 January

  The IRS Rings in 2025 With New Reporting Requirements for P2P Networks

  

  The Internal Revenue Service will begin requiring peer-to-peer payment apps in 2025 to issue 1099-K statements to self-employed workers who received more than $5,000 in payments through those apps in 2024. The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, …
• 3 January

  The Payments Industry Works to Solve for X

  

  The payments industry is heading into the new year with a significant question mark hanging over its head: What does it mean that the massive social network X is apparently planning to launch a payments network? Little is known so far about the initiative. A New Year’s Eve post on …
• 3 January

  LootUpApp’s AI to Ease Crypto Transactions and other Digital Transactions News briefs from 1/3/25

  

  A software company called Quantum International Corp. said it will launch LootUpApp, technology that it says will use artificial intelligence to help simplify cryptocurrency transactions. A specific date for the launch was not announced. The global prepaid card market is forecasted to have an 18.2% compound annual growth rate through 2031, a Verified Markets …
• 2 January

  If Top Card Execs Must Testify, So Should Merchant Leaders, CCCA Opponents Argue

  

  [Editor’s note: Originally posted Feb. 15, this article is #1 in Digital Transactions News’ countdown of 2024 posts by views.] Days after Sen. Dick Durbin, D-Ill., sent letters to the chief executives of Visa Inc. and Mastercard Inc. demanding they testify before the Senate Judiciary Committee about their opposition to the Credit Card …
• 2 January

  For Cap One, the Pulse Network Is the ‘Rare Asset’ in Its $35.3 Billion Deal for Discover

  

  [Editor’s note: Originally posted Feb. 20, this article is #2 in Digital Transactions News’ countdown of 2024 posts by views.]  (Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that credit …
• 2 January

  PAR Technology Buys Delaget for $132 Million and other Digital Transactions News briefs from 1/2/25

  

  PAR Technology Corp., a provider of restaurant point-of-sale technology, has paid $132 million to acquire Delaget LLC, a platform providing analytics and business intelligence to the dining industry. The purchase was chiefly made with PAR common stock. The social-media network X will launch a service this year called X Money, which …

December, 2024

• 31 December

  Capital One May Acquire Discover. What Could That Mean?

  

  [Editor’s note: Originally posted Feb. 19, this article is #3 in Digital Transactions News’ countdown of 2024 posts by views.] Capital One Financial Corp. may be on the brink of acquiring Discover Financial Services, if two news reports are accurate. The Wall Street Journal and Bloomberg.com separately reported on Monday a deal between …
• 31 December

  Visa Revamps its Payments Approach

  

  [Editor’s note: Originally posted May 16, this article is #4 in Digital Transactions News’ countdown of 2024 posts by views.] Visa Inc. is taking up the notion of a digital payment identity and making it part of its product mix. Announced Wednesday at the Visa Payments Forum in San Francisco, the Visa Flexible …
• 31 December

  WhatsAppPay Rolls Out in India and other Digital Transactions News briefs from 12/31/24

  

  Meta Platform’s WhatsApp payments service has been permitted by the National Payments Corp. of India, a regulatory body, to roll out WhatsApp Pay to its entire user base of 500 million in that country. Meta formerly was known as Facebook. GasBuddy, which offers a payments card featuring discounts on gasoline, forecasts the …
• 30 December

  Shift4 Addresses Sale Rumors, Lays Out Strategic Plan During Q1 Earnings Call

  

  [Editor’s note: Originally posted May 9, this article is #5 in Digital Transactions News’ countdown of 2024 posts by views.] After months of speculation that Shift Payments Inc. was an acquisition target, company founder and chief executive and founder Jared Isaacman confirmed Thursday the company had indeed received multiple offers. The acknowledgment came …