Tuesday , January 7, 2025

Digital Transactions News staff

Clearent’s New PayFac Service and other Digital Transactions News briefs from 10/22/24

Clearent by Xplor launched its payfac as a service product to help software companies more easily embed payment acceptance into their applications. Fiserv Inc. announced it has agreed to build financial services into the digital platform operated by DoorDash, the online delivery service. Payments provider Shift4 Payments Inc. announced it will acquire transactions for …

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Mastercard’s Commercial Move and other Digital Transactions News briefs from 10/21/24

Mastercard Inc. unveiled Mastercard Move Commercial Payments, a service to allow banks to support commercial cross-border payments flowing in near real-time. Real-time payments led to more than $1 billion in savings on transaction costs for U.S. businesses and consumers last year, a number forecast to grow to $4.4 billion by 2028, …

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Visa Tweaks Visa Direct Line up and other Digital Transactions News briefs from 10/18/24

Visa Inc. has restructured its money movement services under the Visa Direct portfolio, which now includes Visa B2B Connect, Currencycloud, Yellowpepper, and Visa Direct. Cash App, the peer-to-peer payment service and wallet from Square, said Lyft ride-share users can now pay for fares with Cash App. Truist Financial Corp. launched its Electronic …

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Apple Pay’s 10th Anniversary and other Digital Transactions News briefs from 10/17/24

Apple Inc. which is celebrating the 10th anniversary of the introduction of Apple Pay, said the payments service is now supported by more than 11,000 banks and networks globally and has attracted “hundreds of millions” of users in 78 markets around the world. Buy now, pay later provider Klarna AB payment options …

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Oracle Health Payments Debuts and other Digital Transactions News briefs from 10/16/24

Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …

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One Inc’s Expanded Tie-In and other Digital Transactions News briefs from 10/15/24

J.P. Morgan Payments has entered into an expanded relationship with One Inc, a payments platform specializing in the insurance industry, to focus on property & casualty insurance clients. Consumers will spend $1,778 on average during the upcoming holiday season, according to projections from Deloitte Consulting LLP. The FIDO Alliance, a group backing …

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Mastercard’s Age Verification Tool and other Digital Transactions News briefs from 10/14/24

Mastercard Inc. said its Identity Attribute Verification service soon will enable issuers to confirm cardholders’ information such as age, date of birth, or address. The initial focus will be select markets in Europe with plans to expand into others in 2025. Expense-management software developer Findity announced its Real Time Card platform, which it …

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Affirms Inks Deal with U-Pack and other Digital Transactions News briefs from 10/11/24

Buy now, pay later specialist Affirm Inc. has agreed to offer financing options to customers using ArcBest’s U-Pack moving company. Weave, a provider of payments and management software to medical practices, introduced Call Intelligence, technology based on artificial intelligence and aimed at analyzing data from patient calls. Payments processor HubSpot Inc. said it agreed …

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Mastercard, Citi in Cross-Border Plan and other Digital Transactions News briefs from 10/10/24

Mastercard Inc. and Citi announced they are working on a service to offer cross-border payments to Mastercard debit cards in 14 markets, including the United States. Cardholders in these markets will be able to receive payments from Citi clients in near-instant transaction times. Citi is using Mastercard Move, the card brand’s …

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BMO’s PaySmart Launches and other Digital Transactions News briefs from 10/9/24

Canada-based BMO Financial Group launched PaySmart in the U.S. market. PaySmart is a credit card feature that lets users divide transactions of $100 or more into installments over three, six, or 12 months at a monthly fee. Travel payments network UATP has added buy now, pay later platform Floa as another installment payment option. …

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