Digital Transactions Authoritative, insightful and timely information for payments professionals
Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …
November, 2024
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6 November
Blackhawk Network Launches Digital Cards With Its Visa And Mastercard Branded e-Gift Products
The Blackhawk Network has entered the digital card space with the launch of Visa- and Mastercard-branded e-gift cards that can be used in-store and online. The launch builds on consumers’ growing preferences for QR-code and tap-to-pay technology, the prepaid card company says, as both technologies help streamline the payment process …
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6 November
COMMENTARY: It’s Time to Stiffen Defenses Against Payment Fraud
Recent headlines prove that payment fraud continues to pose an ever-growing threat to businesses of all sizes. As payment methods evolve, so do the sophisticated tactics employed by fraudsters, creating a payment-protection predicament for businesses. According to the Association for Financial Professionals, 80% of organizations were victimized by payment fraud in 2023, …
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6 November
Shift4’s ConnexPay Tie-in and other Digital Transactions News briefs from 11/6/24
Processor Shift4 Payments Inc. said it will integrate payment-issuance technology from payments provider ConnexPay for online travel agencies operating in the United Kingdom and Europe. The Dow Jones Industrial Average gained 1,100 points in early trading Wednesday as at least five payments companies—including Visa Inc. and American Express Co.—reached all-time highs. The skyrocketing market …
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5 November
Level the card-fee playing field with dual pricing
Paying with a card is very popular with consumers. They love the convenience and security of not carrying cash. For merchants, however, these payments come with a price: Processing fees. Getting paid with plastic often means merchants have to pass that expense on to their consumers. Even with low-rate accounts, …
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5 November
Strong Growth in Card Sales and Services Boost CPI’s Top Line
Net sales for payment card producer CPI Card Group Inc. jumped 18% in the third quarter as card issuers boosted orders for credit, debit and prepaid cards and CPI’s services offerings. It was the second straight quarter of sales increases for Littleton, Colo.-based CPI following 7% decreases in the first …
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5 November
Eye on Digital Wallets: Ingenico Supports Crypto Acceptance Via Axium Terminals; Mastercard Launches Local Pay for Digital Wallet Providers
The push to make cryptocurrency a mainstream payment option got a boost early Tuesday as terminal maker Ingenico announced it is partnering with cryptocurrency exchange Crypto.com to accept cryptocurrency through its Axium Android terminals. Merchants accepting cryptocurrency through the Ingenico terminals can settle transactions through their Ingenico merchant wallet in …
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5 November
Marqeta Revenue up 17% and other Digital Transactions News briefs from 11/5/24
Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …
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4 November
FIS Restarts Its M&A Engine As It Looks to Its Worldpay Stake for a Payoff
More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year. For now, …
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4 November
Eye on E-Commerce: USDA Approves Gopuff To Accept Online SNAP Payments; Affirm Launches In The U.K.
Gopuff, the online food and beverage delivery platform from GoBrands Inc., is now accepting SNAP payments (Supplemental Nutrition Assistance Program) for online orders nationwide. The deal makes Gopuff the first online delivery platform provider to receive approval from the United States Department of Agriculture to accept SNAP payments. As part …
