Digital Transactions Authoritative, insightful and timely information for payments professionals

FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …

Payments companies took a beating as the pandemic raged, but Visa Inc.’s top brass indicated Tuesday afternoon the big network has put the worst behind it. “We believe we are at the beginning of the end of the pandemic,” said chief executive and chairman Al Kelly as he pointed to …

Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …

Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …

As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …

SME: Norman Marraccini, SVP, Head of Retail and Commercial Digital Payments Providing consumers options when they purchase and pay is how organizations can provide the best customer experience. COVID-19 has brought this idea to the forefront, with more and more consumers choosing to use technology such as mobile wallets, person …

Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …

Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.In related …

Welcome Tech, a provider of digital financial services to unbanked and underbanked Hispanics, plans to leverage $35 million in new funding it secured last week to grow its customer base by about 1 million and add more financial services, such as a pathway to credit, to help bring its customers …

American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …

Uplift Inc., a buy now, pay later provider specializing in travel, said consumers can now buy tickets on Southwest Airlines Co. flights and pay in installments.Some 79% of gift card buyers expect to increase spending on gifts when pandemic restrictions are relaxed or lifted, according to a survey of 1,056 …

How people purchased goods and services online, at the in-store point of sale (POS), or on mobile devices changed significantly during the pandemic. Whether or not businesses closed their brick-and-mortar storefronts, they experienced a shift to contactless and online channels as a safer way to transact for businesses and consumers.  …

Square Inc. announced Thursday the addition of three inventory-management features to its cloud-based retail-management app, Square for Retail. Merchants can use the new features to build an inventory library, track inventory by warehouse or store, transfer stock as needed, and reorder inventory with one click. The new features arrive as …

Deluxe Corp. is best known as the largest supplier of checks in the United States, but early Thursday it showed how serious it is about staking a major claim in digital payments. The Shoreview, Minn.-based company announced it has agreed to pay $960 million in cash for First American Payment …

Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …

Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …

The buy now, pay later trend has eased online purchases for consumers over the past year, but at the other end of those transactions is the flow of returns after buyers get their merchandise. Now Affirm Holdings Inc., a leading player in the fast-growing BNPL arena has attacked the issue with …

French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …

North America has emerged as the largest sales-generating region for buy now, pay later provider Afterpay Ltd. In the Australia-based company’s latest financial results, North America sales accounted for A$2.6 billion (US$2 billion) in the third quarter ended March 30. Only Australia and New Zealand approach that volume. Overall, Afterpay said …

Some 83% of consumers said they had used a QR code in the past year to make a payment or complete a financial transaction, with 54% of those persons saying they had used a QR code for those purposes for the first time in only the past three months. Still, just 39% …