Digital Transactions Authoritative, insightful and timely information for payments professionals

Business-to-business bill-payments provider Billtrust announced its dollar volume in 2022 exceeded $100 billion, up 35% over 2021 and the first time the company has reached the $100-billion mark in a year. PayTech Women, formerly Wnet, released its 2022 Annual Report, which provides an overview of the organization’s activities and impact. General Agents …

By Tom Byrnes, SVP, Marketing, PayiQ It’s no great secret that much of the current payment processing infrastructure in place could use updating. Much of the technology that traditional processors were built on is clunky and inefficient. The result: Every business that integrates (ISV) or resells (ISO) the payment services …

The nascent U.S. real-time payments market took another step forward Wednesday when U.S. Bank and Kyriba Corp., a provider of financial technology for multinational corporations and banks, announced they are working together to enable instant payments for businesses. Under their new pact, joint clients of U.S. Bank and Kyriba will …

As the modern payments landscape has developed, digital wallets have become nearly impossible to avoid—not that consumers want to stay away. In fact, the recent decision by America’s largest banks to team up and create their own digital wallet points to quite the opposite. It’s easy to see why consumers …

In-stadium payments provider Cheq Inc. said visitors to the Miami Marlins’ home field, loanDepot park, now can use its services for mobile, kiosk, traditional point-of-sale, and handheld payment options in parts of the park. Cheq began offering mobile payment services at the venue in 2021.8 P97 Networks, a provider of mobile-payments technology for gas …

The Federal Reserve’s planned launch in July of its FedNow service is widely expected to spur big growth in real-time payments in the U.S. market. That’s likely to happen, but the overall share of transaction volume for instant payments is expected to remain under 5% for at least the next …

Shift4 Payments Inc. announced it will provide payment acceptance services for the Baltimore Orioles at concession areas throughout the Major League Baseball team’s Oriole Park at Camden Yards stadium. Shift4 also will handle payments at Oriole Park merchandise locations through a deal with sports merchandising firm Fanatics Inc. Weave, a technology …

Apple Inc.’s newest financial product, a buy now, pay later service called Apple Pay Later, has finally arrived. Launched Tuesday, Apple Pay Later was announced in June, but only now is it being made available, and just to a limited set of Apple Pay users. Apple says it will offer broader …

Written by John Ruthven, IR CEO and Managing Director   The digital payments industry is undergoing a massive transformation fueled by accelerated technological advancements and growing customer demand. The market is expected to be worth US$19.89 trillion by 2026, representing a compound annual growth rate (CAGR) of 24.4%, according to …

Point-of-sale terminal and payment software provider Ingenico on Tuesday announced it has acquired Phos, a developer of specialty software that enables smart phones and tablets to function as payment terminals. Ingenico said in a statement that Phos is a “premier player” in the fast-evolving software for the POS (softPOS) market …

Losses to identity fraud fell 17% last year, to $43 billion, compared to 2021, thanks to beefed-up prevention at banks and credit unions and more active outreach by consumer-advocacy groups, according to the 20th edition of Javelin Strategy & Research’s Identity Fraud Study. Payments provider Paysafe said Greyhound Lines Inc. will use the Paysafecash …

Early Warning Services LLC, a fintech owned by seven of the nation’s largest banks, will launch its digital wallet with a pilot this summer followed by general availability in the fall, the top official in charge of the project said Monday. The new wallet, called Paze and aimed exclusively at …

Cryptocurrency marketplace and services provider Coinbase Global Inc. says it’s ready to fight the Securities and Exchange Commission if the commission takes an enforcement action against it. But the SEC’s possible action comes as no surprise to some observers of the crypto market. The SEC last week issued a so-called …

What’s the future of shopping going to be like? If consumers have their way, it will be more personalized and convenient, found the “Future of Shopping” report from Synchrony. And online retailer Newegg Commerce Inc. is incorporating artificial intelligence tool ChatGPT into its shopping protocols. With increased sophistication in personalization, …

First Citizens Bank & Trust Co. reached an agreement with the Federal Deposit Insurance Corp. to buy Silicon Valley Bridge Bank after a competitive bidding process. Terms include FCB’s assumption of $110 billion in assets, $56 billion in deposits, and $72 billion in loans. Starting Monday, the 17 SVB branches will operate as …

ChatGPT, the artificial intelligence-based chatbot developed by OpenAI, is being rolled out by Klarna AB to provide what the payments platform calls personalized and intuitive shopping experiences. Online shoppers will be able to ask Klarna, through the chatbot, for product recommendations, as well as receive links to shop recommended products …

With a federal appeals court ruling on Thursday upholding the Consumer Financial Protection Bureau’s constitutionality, the CFPB, along with its severest critics, find themselves at a crossroads at a time when the agency has become significantly more energetic in overseeing the payments industry. The latest ruling, from the Federal Court …

Buy now, pay later provider Affirm Inc. announced its users can deploy the service at VersaClimber, a vendor of exercise machines. Cybersecurity firm McAfee Corp. will offer savings on online protection via a new agreement with Mastercard Inc.’s Easy Savings program, a service through which business cardholders receive rebates on common business expenses. Strike, …

Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed …

Plenty of attention has been given recently to the tracking of gun sales, with no lack of argument for and against. This article lies outside of any market motives or political opinions. It speaks only to the underlying mechanism of tracking purchases. As an engineer and a pragmatist, I can …