Sunday , February 16, 2025

Peter Lucas

Pidgin Partners With Modern Banking Systems to Bring Real-Time Payments to Small Banks

Payments-platform provider Pidgin Inc. will work with Modern Banking Systems, a provider of core bank-processing technology, in an effort to bring real-time payments capability to community banks. Pidgin’s platform supports real-time processing through multiple payment rails, including FedNow and The Clearing House Payments Co.’s Real-Time Payments network. The deal was …

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Adyen Enters the Acquirer Role for Tech-Centered Payments Provider Klarna

Financial technology platform provider Adyen NV late Monday announced it will become the acquiring bank for global payments platform Klarna AB next year for markets in North America, Europe, and Asia. The deal expands the companies’ more than decade-old partnership through which Adyen offers Klarna’s payment options to consumers, including …

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Small Businesses Are Falling Down Online, Gen Zers And Millennials Say

Small businesses are failing to offer the online experiences Gen Zers and Millennials expect, especially when it comes to payments, reveals a survey by GoDaddy Inc., an Internet domain registry and payments-technology company. While 73% of Gen Zers and 83% of Millennials say a buy online, pickup in-store (BOPIS) option …

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In Announcing Its Q3 Results, POSaBIT Reveals Plans For a POS Device for Cannabis Merchants

POSaBIT Systems Corp., a payments processor specializing in cannabis merchants, announced its third-quarter earnings along with plans for a point-of-sale device earmarked for cannabis retailing. The company said transaction volume for the quarter totaled $157.9 million, up 11% from the same period a year ago. Revenues for the quarter totaled …

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Payroc Launches a Single API for PayByBank, And Works With Dingg to Reach Spas And Salons

Payments-platform provider Payroc LLC has launched an application programming interface that enables clients to offer its PayByBank solution in the United States and Canada through a single interface. Before this launch, Payroc clients needed separate interfaces to offer PayByBank in each country. The single interface eliminates the need for multiple …

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Shift4 Grows Its Relationship With the Orlando Magic; Cheq Partners With Loud And Live

Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …

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Online Sales And BNPL Transactions Hit Record Highs on Cyber Monday

Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …

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Why Cyber Monday Sales Are Expected to Reach an All-Time High

Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …

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A New York Times Op-Ed Video Favoring the CCCA Sparks a New Tussle Over the Bill

The Electronic Payments Coalition issued a press release late Tuesday taking issue with a New York Times op-ed video that argues merchants and consumers already pay a high price for rewards cards and expresses support for the Credit Card Competition Act. In its rebuttal responding to the video, Richard Hunt, …

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As Online Phishing Attacks Mushroom, E-Commerce Merchants Are Favored Lures

More than 30 million phishing attacks were launched against online stores, payment systems, and banks during the first 10 months of 2023, according to the latest report from Kaspersky Labs, a Moscow-based cybersecurity and antivirus provider operated by a holding company in the United Kingdom. E-commerce platforms bore the brunt …

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