Buy now, pay later provider Affirm Inc. posted fiscal fourth quarter revenue of $445.8 million, up 22.4% from $364.1 million in the quarter ended June 30, 2022. Its quarterly loss of $206 million broadened from $186.4 million a year ago. For the full year, Affirm had $1.588 billion in revenue, up 17.7% …
Read More »BNPL for Workplace Training And Other Digital Transactions News briefs from 8/24/23
OSHA Outreach Courses, which provides workplace training services to employers and employees, said it has added a buy now, pay later option to pay for its instructional offers. Shift4 Payments Inc. has been named the official payment processor for the Cleveland Cavaliers of the National Basketball Association. Shopmium, a cash-back shopping …
Read More »TouchBistro Updates POS System And Other Digital Transactions News briefs from 8/23/23
Restaurant point-of-sale provider TouchBistro launched a set of back-of-house technologies, including profit-management and kitchen display systems. Payments provider NMI released first-half 2023 results indicating the company ended the period with connections to more than 3,900 independent software vendors, sales agents, and fintechs. So far, these links have generated more than 2.3 billion transactions and …
Read More »Feedzai’s Latin America Move And Other Digital Transactions News briefs from 8/22/23
Feedzai, a U.S. fraud-detection and -prevention company, will offer its services in Latin America through a partnership with Dock, a payments provider specializing in services for that region. TreviPay, a U.S.-based business-to-business payments provider operating in 32 countries, introduced a service to support cases where buyers ask to be invoiced …
Read More »Five Star’s Tap-to-Pay on iPhone And Other Digital Transactions News briefs from 8/21/23
Community financial institution Five Star Bank launched tap-to-pay on iPhone capability for its business clients, allowing merchants to accept contactless payments directly on their iPhones. Fluency, a provider of technology for central bank digital currencies, said it has been selected by Mastercard Inc. to work with the card network on CBDC initiatives. Payments provider Novo …
Read More »Citizens Pay Adds Apple POS Financing Option And Other Digital Transactions News briefs from 8/18/23
Upgraded, a service that lets Apple MacBook buyers pay over time, announced it is launching in the United States in a partnership with Citizens Pay, a point-of-sale financing service of Citizens Bank. Adyen NV, a Dutch payments platform that competes in the U.S. market against companies like Stripe, Fiserv, PayPal, …
Read More »Debit Use up 1% in 2022 And Other Digital Transactions News briefs from 8/17/23
Pulse, the debit network owned by Discover Financial Services, released its 2023 debit study that found the total number of debit transactions increased 1% in 2022 over 2021, while dollar volume increased 3% for the same period. Fraud and risk platform DataVisor released its Real-Time Payments Fraud Solution to help counter fraud …
Read More »Sesame Credit Builder Debuts And Other Digital Transactions News briefs from 8/16/23
Credit Sesame, which allows consumers to access their credit information, launched a Mastercard debit card called Sesame Credit Builder. The card is aimed at enabling consumers to build a credit history via routine transactions. NCR Corp. announced the U.S. Securities and Exchange Commission has declared effective a Form 10 registration statement …
Read More »Clarifying CNP Debit Routing And Other Digital Transactions News briefs from 8/15/23
The U.S. Payments Forum has published a free white paper, “Regulation II Clarification for Debit Routing,” on the Federal Reserve’s announcement earlier this year that effective July 1 issuers must support network choice on card-not-present transactions, in addition to card-present, in accordance with the 2010 Durbin Amendment. Payment-card manufacturer CPI Card Group Inc. has …
Read More »Waffle House Goes Contactless And Other Digital Transactions News briefs from 8/14/23
The Waffle House restaurant system has adopted chainwide contactless payment capability, including mobile-wallet acceptance, through the Oracle Payment Cloud service. A startup called iWallet said it will adopt FedNow for mobile check deposits. The Federal Reserve launched the FedNow real-time payments service last month. MarginEdge, a bill-payments provider, launched a mobile bill-payment app for restaurant operators …
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