Friday , January 31, 2025

E-Commerce

Digital River’s New Drop-in Checkout Tech and other Digital Transactions News briefs from 1/25/22

Payments provider Digital River Inc. unveiled Drop-in Checkout, technology that streamlines payments acceptance for brands on Digital River’s platform.Payments provider Shift4 Payments Inc. said it will process payments for Concessions International, a provider of food-and-beverage technology for airports, at almost 40 of the company’s locations.Cantaloupe Inc., a payments provider for unattended locations, said it …

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No Time to Relax: Data Compromises Reached An All-Time High in 2021

Data-compromise incidents hit an all-time high in 2021, totaling 1,862, up 23% from the previous record high of 1,506 in 2017, according to the Identity Theft Resource Center’s Annual Data Breach Report. On a year-over-year basis, the number of the compromises increased 68% in 2021, compared to 2020. The number …

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The Fed’s Paper on a U.S. Digital Currency Offers Few Signs of How the Regulator Is Leaning

The Federal Reserve Board released a paper Thursday afternoon on the question of a central bank digital currency for the United States, and even though the Fed would play a crucial role in any such venture, observers looking for hints on how the central bank is leaning on the issue …

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Pulse Volume Jumps 17.8% and other Digital Transactions News briefs from 1/21/22

Discover Financial Services reported a net income of $1.1 billion in the fourth quarter, a 37.6% increase from $799 million in the fourth quarter of 2020. Net income for 2021 totaled $5.4 billion, a 391% increase from $1.1 billion in 2020. Discover said volume on its Pulse debit network was $64.8 …

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Mastercard Track Instant Pay Unveiled and other Digital Transactions News briefs from 1/20/22

Mastercard Inc. launched Mastercard Track Instant Pay, a platform enabling instant payment of supplier invoices via virtual card transactions supported by machine learning. The service is available in the United States now, with plans to expand globally.Nuvei Corp. has been approved by the New York State Gaming Commission to process payments for …

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Eye on BNPL: Verifone And Affirm; Uplift and Southwest Airlines; Sezzle’s New Options

Terminal maker Verifone Inc. expanded its buy now pay later options Tuesday through a partnership with Affirm Inc. The deal will enable merchants using Verifone terminals to automatically offer Affirm as a payment option online and in-store. Merchants will be able to offer Affirm’s full range of payment options, including …

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Boku To Sell its Identity Unit and other Digital Transactions News briefs from 1/19/22

Mobile-payments provider Boku Inc. is selling its Boku Identity Inc. unit to cloud-communication platform Twilio Inc. for $26.1 million upfront and another $6.2 million payable later to cover indemnities.Payments provider Lightspeed Commerce said its NuOrder technology will support orders and payments for women’s fashion platform Intermix, which operates 31 boutiques and an e-commerce site.Text …

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Going Beyond the Gateway, NMI Acquires A Payment-Specific Services Firm in IRIS CRM

As part of its strategy to expand its offering of multichannel payment technology, payment-platform provider NMI announced Tuesday the acquisition of IRIS CRM, a merchant-services customer relationship management and merchant-management platform that services clients in the payments industry. Terms of the deal were not disclosed.  The addition of IRIS CRM …

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Amazon’s Acceptance Ban Got Visa’s Attention in the U.K. Now What Will Negotiations Likely Yield?

Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …

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Mastercard OKs Coinbase NFT Marketplace Use and other Digital Transactions News briefs from 1/18/22

Mastercard Inc. said it is enabling Mastercard-branded cards to be used for purchases on Coinbase’s upcoming NFT marketplace. NFTs, or non-fungible tokens, are digital goods.Accounting-automation company Bookkeep announced integrations with Stripe, Sage Intacct, and NetSuite. The company, which serves more than 600 retailers and restaurants, also offers links to Shopify, Square, Amazon, and …

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Digital Transactions