Digital Transactions Authoritative, insightful and timely information for payments professionals

Dealer Pay, a provider of point-of-sale technology to franchise and independent auto dealers, has updated its platform with several new features intended to deliver a better customer experience. Dealer Pay’s “send payment request” features enable dealers to collect payments directly from the customer via text messaging or email. Dealers can …

Consumers demand choice and convenience, and meeting those demands is driving massive change in the payments industry. Retailers need payment technology that does more than just accept payment cards. Terminals must give retailers the flexibility to accept all types of payments, from contactless and mobile wallets to displaying a QR …

Payments fintech Marqeta Inc. said it has entered a strategic alliance with consulting firm Deloitte to help banks, fintechs, and payments providers quicken the pace of payments modernization. Grazzy, an app provider for same-day earnings and other employee payments, announced a $4.25-million seed funding round from Next Coast Ventures and Tuesday Capital. …

Bluefin Payment Systems LLC is leveraging Visa Inc.’s technology to provide network tokenization through its ShieldConex vaultless-tokenization service. Bluefin will integrate directly with Visa to provide network tokens across card brands. In addition, Bluefin’s payment gateway, PayConex, will have the ability to process network tokens. ShieldConex protects payment and ACH …

As costs continue to increase across the country, many Americans worry about their bill-payment obligations, with 86% concerned about the inflationary impact, found a new survey from doxo, a bill-payment services company. In the report, “The Impact of Inflation on Paying Household Bills in the New Year,” doxo found that …

Priority Technology Holdings Inc. said it will offer merchants gift card products from Factor4 and GiftYa. Doma Holdings Inc., a technology platform for the real-estate industry, said it linked to payments provider paymints.io to allow home buyers to deposit earnest money digitally. The Electronic Transactions Association announced its 2023 board of directors. Eric Hoffman, …

Card-issuing platform Marqeta Inc. has extended its tokenization technology to allow card issuers to push tokenized cards to consumers’ mobile devices, where consumers can use the cards to make purchases. The new technology, which Marqeta calls “web push provisioning,” is expected to reduce friction in mobile payments by eliminating the …

Discover Financial Services posted single-digit growth rates for both its Pulse and Discover network units in the fourth quarter of 2022. Discover on Thursday said volume on its Discover Network was $58.1 million in the quarter, a 9.2% increase from $453.2 million in the year-ago quarter. Pulse, Discover’s debit network, …

Desjardins Group, said to be the biggest financial cooperative in North America, said it will transfer its credit card processing function to Fiserv Inc. The deal is said to be the first such “large-scale” engagement in Canada for Fiserv. Business-to-business buy now, pay later platform Playter launched Paid, a service that lets Playter clients …

The Digital Dollar Project early Wednesday issued recommendations that include bigger investments by the federal government in researching a tokenized digital dollar. The group also called on the United States to exert leadership internationally in setting global standards for government-issued digital currencies even if the U.S. itself ultimately refrains from …

Convenience store chain Circle K is migrating its electric vehicle charging network to Driivz, a service that includes scalable EV charging billing. Tel Aviv-based Driivz says the network includes more than 600 public EV charging stations in Europe and North America.  Laval, Quebec-based Alimentation Couche-Tard Inc., parent company of Circle …

Oracle Corp. said restaurant chain Big Boy Restaurant Group LLC will adopt its Micros Simphony Cloud Point of Sale and Oracle Payment Cloud Service. Payments provider Paysafe Ltd. said it has expanded its processing services to sports betting in Ohio. The move follows on the heels of Paysafe’s entry in the Maryland sports-betting …

Cheq Inc. continues its expansion into the highly competitive market for in-stadium payments through a deal with the Sacramento Kings of the National Basketball Association. The agreement includes mobile ordering, social payments, and express kiosks at Golden 1 Center, the Kings’ home arena. The deal is the first of five …

ACI Worldwide Inc. early Tuesday announced it is offering a real-time payments service to U.S. merchants and launched a platform to ease acceptance of digital wallets for merchants in more than 70 countries. ACI Instant Pay is aimed at easing acceptance of online and mobile transactions, as well as payments …

Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees. The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall …

Splitit Payments Ltd., a white-label buy now, pay later provider, has partnered with AliPay to offer Splitit’s Pay After Delivery option to consumers shopping on the AliExpress e-commerce marketplace. Pay After Delivery allows consumers to make a purchase using a credit card, then pay for it after delivery. The payment …

For several years, MagicCube Inc. has worked to prove that merchants can safely and speedily accept card payments with no hardware other than an off-the-shelf mobile device. Now the Santa Clara, Calif.-based company has added a new wrinkle to its strategy: agreements with device vendors that make MagicCube’s iAccept the …

Retail-technology provider Toshiba has agreed to incorporate biometric identification technology from PopID into its point-of-sale and self-service devices running on Toshiba’s Elera Commerce Platform. PopID’s technology relies on facial-recognition software. Ingenico launched its Axium Retail Core capabilities for its Axium point-of-sale terminals that can ease integration efforts. Payments provider FreedomPay said it has integrated its services with the …

FreedomPay Inc. said its payments services will soon be available to Canadian merchants serviced by Moneris Solutions Corp. Moneris expects the FreedomPay integration to be available mid-year. Toronto-based Moneris, one of the largest processors in Canada based on transaction volume, says the integration will give merchants more tools and choices. …

You have to spend money to make money. That’s an old adage, and it’s true. But actually making the payments takes up a lot of people’s time. It’s critical to your business operations, but it’s not why you’re in business. That means there are opportunity costs. You have to spend …