JetBlue Airways Corp. announced Tuesday that it has become the first airline to accept PayPal Holdings Inc.’s popular Venmo payment service for online bookings. Queens, N.Y.-based JetBlue says Venmo currently is available on JetBlue.com, and the service will roll out on the JetBlue mobile app in the coming months. U.S. …
Read More »Deluxe Debuts dlxPAY and other Digital Transactions News briefs from 1/21/25
Deluxe Corp. launched dlxPAY, a mobile app that offers merchants a suite of features, including real-time transaction management, advanced security, and customizable notifications, to give them more insight into their payment processing. The app also is compatible with the Ingenico Moby 5500 point-of-sale device. Two trade associations have sued the Consumer Financial …
Read More »Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion
New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes. A note from a J.P. Morgan Payments spokesperson to Digital Transactions News …
Read More »Debit Cards, Real-Time Payments Favored by Online Sports Bettors, Paysafe Finds; Nuvei’s New U.K. Gaming Platform
Debit cards remain the preferred payment for online sports bettors, with 42% of bettors saying they use debit cards to fund their accounts, according to Paysafe Ltd.’s annual All the Ways Players Pay report. It is the third consecutive year debit ranked as bettor’s preferred payment method. Digital wallets were …
Read More »U.S. Bancorp’s Acquiring Results Disappoint, but ‘Tech-Led’ Segment Shines
U.S. Bancorp, owner of the big merchant processor Elavon, on Thursday reported merchant-acquiring volume of $142.6 billion in 2024’s fourth quarter, up 5% from $135.7 billion a year earlier. The company processed 2.11 billion merchant transactions in the quarter ending Dec. 31, a 5.5% increase from 2 billion a year …
Read More »Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention
Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and misleading fraud-prevention practices used by Block’s Cash App. Under the terms of the agreement, Cash App has agreed …
Read More »The Naughty List Grows: 13% Committed First-Party Fraud During the Holiday Shopping Season
Some consumers better hope Santa Claus doesn’t read the latest fraud report from Socure, a fraud-prevention and authentication provider. It found 13% of U.S. consumers committed first-party fraud during the 2024 holiday-shopping season. Often called friendly fraud, first-party fraud occurs when a consumer exploits return and refund policies for financial …
Read More »Apple Card Talks Continue and other Digital Transactions News briefs from 1/16/25
Reuters is reporting that Apple Inc. is talking to Barclays to become the iPhone maker’s new partner for credit cards, replacing Goldman Sachs. Other financial institutions are said to be candidates as well, including Synchrony. Apple and Goldman launched the Apple card in 2019, but since then Goldman has indicated it will move …
Read More »Gateway Funnel Pros Integrates With WooCommerce to Serve High Risk Merchants
Gateway Funnel Pros, an alternative payment gateway specialist for merchants selling high-risk, regulated, or restricted products, has launched a payment gateway and merchant-account services for WooCommerce merchants selling health and wellness products, such as supplements, that some gateway providers may consider to be high-risk products. The integration will enable WooCommerce …
Read More »Is 2025 Going to Be the Year of the Stablecoin?
As 2025 begins to unfold, some experts and network providers are beginning to think the year could see a breakthrough for stablecoins, the digital currency generated by a blockchain but with a value tied to a national currency, such as the dollar. That link allows users to deploy digital dollars, …
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