Digital Transactions Authoritative, insightful and timely information for payments professionals

The rising prominence of open banking, particularly in Europe and the United States, poses a “growing threat to the dominance of cards within e-commerce,” says a report released early Monday by the United Kingdom-based firm Juniper Research. The report comes against a backdrop in which e-commerce transactions are growing fast …

Apple Inc. filed an objection to a September U.S. District Court ruling that it says hinders the computing giant’s ability to restrict developers on its App Store to Apple’s own payment system. The ruling upheld Apple’s requirement that developers use its payment system within the App Store but said Apple must allow references to …

With its launch on Thursday of a digital checking account for business and an associated debit card, American Express Co. could be poised to shake up the payments business in ways not seen before, observers say. “This announcement represents the greatest threat to financial institutions who are competing for the …

Companies offering payment solutions generally face an important decision in their early days: settling on the right operating model. Should we function as a payment facilitator (payfac) and do everything ourselves? Should we register as an acquirer, ISO, or third-party processor? Should we handle risk and underwriting? How should we …

Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number …

If the Covid-19 pandemic has taught merchants anything, it’s that they need to take a radically wider sales approach to engage with customers online and offline, across any device, argues a new report from payments provider Square Inc. The report explores some of the ways merchants are using tools from …

Mastercard reported a strong third quarter on Thursday as it builds out the foundations for a near-term future in which it sees itself playing a central role in new transaction flows involving account-to-account (A2A) transfers and digital-currency payments. Mastercard has been laying the groundwork for A2A business for at least …

American Express Co. launched a fully digital business checking account for U.S. small and mid-sized businesses that includes the first-ever AmEx-issued debit card. The account also connects with existing AmEx credit cards.FIS Inc.’s Worldpay merchant-acquiring unit will provide payment services to Major League Baseball’s Washington Nationals under a new agreement. The pact includes …

APEX family of products designed to help businesses compete and grow in the marketplace Southlake, Texas based Agile Financial Systems (AFS) is a high growth financial technology company founded in 2017. Backed by an executive team with over 100 years of combined industry experience, the organization’s mission is to revolutionize …

[UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …

Global merchant dollar volume grew 20% in the third quarter year-over-year for processor Fiserv Inc., while global e-commerce volume increased 21%, the company reported. Overall global transactions expanded 16%. The company did not report actual figures. Revenue for the quarter was $3.96 billion, up 10%. Year-to-date revenue was $11.37 billion, an …

The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …

Perhaps the most significant fintech trend is the convergence of ISOs and software developers. Both have much to gain by adding the value provided by the other. Over the past decade, we’ve watched as the worlds of payments and software became intertwined. Recently the lines between both worlds have blurred …

With consumers eagerly embracing buy now, pay later payment options, Stripe Inc. on Tuesday announced it is partnering with BNPL powerhouse Klarna AB. The deal will enable Stripe merchants to offer Klarna BNPL loans to consumers in the United States and 19 countries throughout Europe. The deal also adds to …

Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …

Independent software vendors can integrate technology directly into Fiserv Inc.’s Clover point-of-sale terminals under Fiserv’s new platform-as-a-service program, the company announced.Processor Usio Inc. signed an agreement with independent software vendor BoosterHub LLC that will integrate Usio’s payment services into BoosterHub’s cloud-based software for thousands of school booster clubs.Payment gateway Cardknox Inc. said its processing capabilities can …

By: John Newton, Vice President, Strategic Partnerships, First American by Deluxe Root. Crux. Nitty-gritty. No matter how you say it, there are essential elements to running a business. But small business owners often get caught up in the day-to-day minutia which, despite their best efforts, can derail their success. That’s …

As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer …