Digital Transactions Authoritative, insightful and timely information for payments professionals
- Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.
- Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.
- Visa Inc. has partnered with payments provider TransferWise Ltd. for the first application of Visa Cloud Connect, a facility allowing fintechs to link to Visa’s worldwide processing network, VisaNet, through the cloud. The agreement will enable expansion of TransferWise’s multi-currency debit cards throughout the United States, Asia-Pacific, Europe, Latin America and the Caribbean, the Middle East.
- The global wearable payments devices market size is expected to reach $80.3 billion by 2028, according to Grand View Research Inc. Wearable payments are expected to expand nearly 30% from 2021 to 2028.
- ParkMobile LLC announced its mobile payment service is now available on the campus of Colorado State University. ParkMobile said it has more than 21 million U.S. users.
- PNC Bank N.A. announced it has agreed to acquire payments provider Tempus Technologies Inc. Terms were not announced.
- The warehouse chain Sam’s Club, a unit of Walmart Inc., and Synchrony launched a Sam’s Club Mastercard contactless rewards card offering 3% back on eligible purchases as well as 5% cash back on fuel, as well as other features.
- Business-to-business e-commerce platform NuOrder Inc. launched NuOrder Payments, a facility allowing client firms to receive credit card payments directly, avoiding third-party gateways or payment processing over the phone.
- Software developer Orion Law Management Systems Inc. launched Orion ePay, an online payment service that uses LawPay, a payments provider for the legal industry.
- Bbot Inc., a restaurant and hospitality point-of-sale system provider, said it closed a $4 million funding round, bringing its total funding to date to $7.3 million. The financing will enable it to hire staff, accelerate product development, and improve service. Digital Transactions News reported an incorrect total Tuesday and regrets the error.
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