Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …
Read More »Western Union’s Data Sharing Plan and other Digital Transactions News briefs from 11/11/24
The Western Union Co. announced a data-sharing service aimed at allowing businesses to use information from the payments platform to more sharply target marketing efforts at consumers globally. Visa Inc. has agreed to support palm-recognition technology for payments developed by Tencent, the China-based social-media company, starting in Singapore. The fintech PhotonPay announced it will …
Read More »Toast Revenue up 24% and other Digital Transactions News briefs from 11/8/24
Dining-payments specialist Toast Inc. reported gross payment volume grew 24% in its September quarter compared to the same period last year, reaching $41.7 billion, while locations using its technology were up 28% to almost 127,000. Revenue for the quarter reached $1.3 billion, up 26%; for the nine months through September, revenue totaled …
Read More »More Grocers Pick Instacart and other Digital Transactions News briefs from 11/7/24
Instacart, a technology provider for the grocery industry, announced that four grocery companies — Sprouts, Harmons, The Save Mart Companies, and Rosauers — have adopted Instacart Storefront Pro, an e-commerce platform aimed at grocers. More than 600 retailers are using Instacart’s e-commerce technology, the company says. Payments provider Priority Technology Holdings Inc. reported September-quarter merchant bank-card …
Read More »Shift4’s ConnexPay Tie-in and other Digital Transactions News briefs from 11/6/24
Processor Shift4 Payments Inc. said it will integrate payment-issuance technology from payments provider ConnexPay for online travel agencies operating in the United Kingdom and Europe. The Dow Jones Industrial Average gained 1,100 points in early trading Wednesday as at least five payments companies—including Visa Inc. and American Express Co.—reached all-time highs. The skyrocketing market …
Read More »Marqeta Revenue up 17% and other Digital Transactions News briefs from 11/5/24
Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …
Read More »Shopify Taps Coveo’s AI and other Digital Transactions News briefs from 11/4/24
Artificial intelligence platform Coveo said it will provide AI commerce services to Shopify Inc. enterprise customers. NCR Atleos Corp. announced Rontec, a Shell and Esso BP station operator in the United Kingdom, has extended its agreement to use Atleos for ATM operations at 267 gas stations. The Access Group, a United Kingdom-based developer …
Read More »Nacha’s Pay by Bank Definition Work and other Digital Transactions News briefs from 11/1/24
Nacha, the regulatory body for the automated clearing house network, said its Payments Innovation Alliance group has initiated an effort to define the term “pay by bank” for various industry stakeholders. Flexa announced it will now process digital-currency transactions for more than 750 Sheetz convenience stores in the Mid-Atlantic region. The …
Read More »New Clover Devices Debut and other Digital Transactions News briefs from 10/31/24
Fiserv Inc. announced enhancements to its Clover point-of-sale technology set, including new devices; integrations such as payroll; and financial functions such as cash discounting, cash advances, and same-day funds transfers. Holders of Visa Inc.’s Infinite Privilege cards can book scarce reservations at popular restaurants in several Canadian cities through the card network’s collaboration …
Read More »Worldpay Offers Klarna Globally and other Digital Transactions News briefs from 10/30/24
The big processor Worldpay has agreed to offer Klarna AB as a default payment method to its merchants around the world. Worldpay says it processed $2.3 trillion in volume last year for more than 1 million merchants worldwide. Visa Inc. announced it has agreed to provide real-time money-movement capability for users making deposits …
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