On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …
Read More »More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash
More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection service sent a letter Monday to members of Congress, governors, and state legislators around the country warning about the …
Read More »Brinks Acquires PAI and other Digital Transactions News briefs from 4/6/21
The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …
Read More »ACI’s Cash Deal with the IRS and other Digital Transactions News briefs from 3/2/21
ACI Worldwide Inc. said its ACI Payments Inc. unit will support an Internal Revenue Service initiative to allow taxpayers, including those who are unbanked or underbanked, to make cash payments through a new digital barcode feature from ACI and InComm Payments’ VanillaDirect Pay unit.P97 Networks Inc., a provider of mobile payments …
Read More »Mobile Wallets Find In-Store Favor and other Digital Transactions News briefs from 2/24/21
In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …
Read More »AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21
AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …
Read More »Uplift Signs Travel BNPL Clients and other Digital Transactions News briefs from 2/11/21
Buy now, pay later specialist Uplift Inc. said it signed new travel brands and experienced a 72% growth in monthly transaction revenue in the 2020 fourth quarter. New clients coming online in the second quarter include Alaska Airlines, Frontier Airlines, Virgin Voyages, and Air Canada Vacations.ACI Worldwide Inc. said it and Gilbarco Veeder-Root, …
Read More »Nonbanks Find Consumer Favor and other Digital Transactions News briefs from 2/10/21
As consumers increasingly turn to fintechs rather than banks, money decisions and payments share are shifting away from traditional financial institutions, according to a study from data-analytics firm Fair Isaac Corp. (FICO). Some 34% of consumers have at least one account with, or conduct financial activity with, a nonbank provider, while …
Read More »Another Campus Adds ParkMobile and other Digital Transactions News briefs from 2/8/21
ParkMobile LLC said its mobile app will allow students at the University of Wisconsin-Superior to pay for parking at 420 spaces in seven lots on campus.Visa Inc. said it U.S. consumer cardholders now have access to NortonLifeLock, a digital safety service.Atlantic-Pacific Processing Systems NV Corp. made several improvements to its APPSos customer relationship management service.NCR …
Read More »Western States Acquirers Names 2021 Leaders and other Digital Transactions News briefs from 2/5/21
The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …
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