Monday , November 25, 2024

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

2024 Juniper Trends Range from Account-to-Account Payments to Value-Added Services Atop FedNow

As 2023 winds down, Juniper Research is out with its top 10 trends for payments and fintechs in 2024. Chief among them is a challenge to cards in e-commerce and funding for wallets through account-to-account payments. Closely related is the prospect for FedNow, the nascent real-time payment service from the …

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Fanatics Adds Paysafe’s Raft of Card and Alternative Payments for Online Betting

Fanatics Betting & Gaming, which launched its first retail sports-betting location in January and its mobile sportsbook in May, will use the card-payment and alternative-payment methods offered by Paysafe Ltd. Announced Monday, the integration will enable U.S. bettors on the Fanatics platform to make deposits and receive payouts in a …

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Eye on Processing: Cantaloupe Quarterly Revenue up 8%; Repay Boasts 4% Revenue Bump

Unattended payments and software specialist Cantaloupe Inc. boosted its roster of customers in its fiscal 2024 first quarter, which helped increase the company’s revenue to $62.7 million, up 8.5% from $57.8 million in the 2023 first quarter that ended Sept. 30. Malvern, Pa.-based Cantaloupe said the number of active customers …

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Eye on Crypto: Bitcoin Depot Seals Cord Kiosk Deal; Ripple in RocketFuel Partnership

Bitcoin Depot Inc. looks to expand the installation of its cryptocurrency kiosks in a new deal with Cord Financial Services LLC. Separately, RocketFuel Inc. will adopt Ripple Payments for its payment-products suite. Atlanta-based Bitcoin Depot, which recently expanded the footprint of its BDCheckout cryptocurrency digital-wallet funding program, says it will …

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Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report

Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC. That was the third-largest increase among sectors, surpassed only by travel and leisure and logistics, finds the TransUnion “2023 State of Omnichannel Fraud Report.” The report is based …

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Acquirers Seek Answers from a Visa Surcharging Executive

More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …

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Eye on POS: Nayax Acquires Retail Pro; Lightspeed Expands Price Matching Globally

Two point-of-sale companies have separately taken steps to boost their competitiveness, one with an acquisition and the other in a marketing expansion. Payments platform Nayax Ltd. says it will acquire Folsom, Calif.-based Retail Pro International in a $36.5-million deal. Expected to close in the fourth quarter, the deal will expand …

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Don’t Expect a ‘Here Lies Interchange’ Epitaph Any Time Soon

With potential regulation of credit card interchange looming and with the unwavering demand from merchants for lower card-acceptance costs, the possibility that interchange as it’s known today may dramatically change can’t be entirely dismissed—but don’t count on its demise. That was the conclusion at the Money 20/20 trade show this …

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Paze’s Digital Wallet Uses a Bank-Centered Fintech Approach to E-Commerce Checkout

Though the official launch of the Paze online wallet from Early Warning Services LLC isn’t slated until 2024, Paze executives are already demonstrating the product. As many as 150 million credit and debit cards from seven large banks could be loaded into Paze, complete with billing addresses, as Early Warning …

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Screen Scraping’s Role in Open Banking Is on the Short List

The Consumer Financial Protection Bureau’s oversight effort in data-sharing regulation is more than a year old, but with its newly proposed data-rights rule—released last week—the agency is making a substantial move in the field. Under the Personal Financial Data Rights rule, consumers would have the power to share data associated …

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