Digital Transactions Authoritative, insightful and timely information for payments professionals

The payments processor Paya Holdings Inc. on Monday announced UtilityConnect, an initiative aimed at deepening the Atlanta-based company’s involvement in processing for governments, municipal entities, and private utilities. The new portal, which features a redesigned user interface, features new services aimed at easing citizen payments to local governments, including settings …

Amazon.com Inc. has launched a merchant cash advance service. The financing option, a white-label service of capital provider Parafin Inc., ties the cash advance to a portion of the merchant’s future sales for a fixed fee. It rolls out for some U.S.-based businesses Tuesday and should be available to many more …

Fiserv Inc. has struck a deal with petroleum company Sunoco LP to implement its Carat commerce platform across more than 5,500 service stations. The deal will enable Sunoco dealers to streamline payments by connecting in-store, in-app, at the pump, and in-car payments through the Carat platform. Sunoco dealers will also …

With nearly 1 out of 5 shoppers abandoning their carts due to a long or complicated checkout process, today’s merchants are challenged to close retail sales. Combine this with the fact that many merchants have not updated their payment systems in two years, and the result is an inability to …

Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …

Meta Pay, the mobile wallet from Meta Platforms Inc., has reached an agreement with JP Morgan Chase Payments to make the payment option available to Chase merchants on their e-commerce site or mobile app. The announcement was made earlier in the week on Twitter by Stephane Kasriel. the head of …

Wireless carrier Boost Mobile launched OmniMoney, a no-fee checking account featuring a debit card and money transfer via mobile app.Online merchant and payments provider Amazon.com Inc. reported North America net sales of $78.8 billion for the quarter ended Sept. 30, up 20% year-over-year. International sales, however, dipped 5% to $27.7 billion, largely due to …

With data sharing via open-banking arrangements becoming increasingly vital in the payments business, the Consumer Financial Protection Bureau on Thursday released an outline of a “data-rights rule” it is preparing that would govern how consumers’ financial information is shared among players such as banks and payments companies. The proposed rule …

With thousands of merchants across the globe, processing powerhouse Fiserv Inc. continues to reap the benefits of that reach with an 11.8% increase in its merchant-acceptance revenue in the third quarter. Heavily affecting the segment’s growth was a 19% increase in revenue from Fiserv’s Clover point-of-sale products and services and …

Mastercard Inc.’s top executives early Thursday underscored a strategy for the company involving a diversity of payment flows and new network opportunities such as open banking and cryptocurrency. At the same time, the company’s leadership made plain the company will compete for debit volume in the wake of a Federal …

Tyler Technologies, a specialist in government services and payments, said it will acquire Rapid Financial Solutions, a provider of payments, card issuance, and digital disbursement services, for $68 million. The deal is expected to close in the fourth quarter.Prepaid card specialist InComm Payments has acquired The Card Network, a gift card issuer based …

Zip Co. Ltd. expanded its buy now, pay later portfolio Wednesday with the roll out of the Zip Card. Cardholders can use the card, issued by WebBank, a Salt Lake City-based industrial bank, to make purchases in store and online and pay off those purchases in four installments.  During the …

Events.com announced it has agreed to acquire Brown Paper Tickets, a payments processor for ticketing. Terms were not announced.PayPal Holdings Inc. said Amazon.com Inc. has added its Venmo digital wallet as a payment method on Amazon.com and in the Amazon mobile app. Venmo on Amazon will be available to U.S. customers by Nov. 25 …

It was only a matter of time before the two big international card networks responded to a recent Federal Reserve requirement that issuers make at least two unrelated networks available to merchants for debit card transactions. Late Tuesday, Visa Inc.’s chief financial officer, Vasant Prabhu, said the impact of the …

ISO owners are facing a double whammy right now, as business owners and as consumers. While there is no escaping the squeeze of rising prices, and their impacts on business and household budgets, the story doesn’t end there. A well thought out and realistic go-to-market strategy can help sustain your …

PayPal Holdings Inc.’s next step in payment security is to replace passwords with passkeys, an authentication technology that could eliminate many security and practical issues for consumers and organizations alike. PayPal said it is adding the passkey technology—it uses cryptographic keys to identify devices and was developed by the FIDO …

While the payments business moves toward real-time transfers, faster payments on the nation’s automated clearing house network continue their dramatic rise following a 10-fold increase in the transaction dollar limit earlier this year. Transactions cleared the same day they’re initiated totaled 176.6 million in the quarter ended Sept. 30, up …

Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …

Open banking is getting closer to mass relevance for financial-technology companies. A study released Monday by Discover Global Network and 451 Research found that fully 78% of fintechs said open banking is relevant to their business. One likely factor behind that trend is the positive consumer sentiment that fintechs are …

BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …