Digital Transactions Authoritative, insightful and timely information for payments professionals
After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …
January, 2020
December, 2019
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13 December
Eye on IPOs: Investors Embrace Bill.com; Is Klarna Next?
The term “exceeding expectations” has long been a cliché in corporate America, but it certainly applies to this week’s initial public offering of stock from invoice-management and business-to-business payments provider Bill.com Holdings Inc. Now Sweden-based installment-payments provider Klarna AB, reported to be the most valuable financial-technology provider in Europe and …
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3 December
As Processor Valuations Soar, Shift4 Files for an IPO
Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News …
October, 2019
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22 October
Zelle Posted $49 Billion in Payment Volume for the Third Quarter
Scottsdale, Ariz.-based Early Warning said Zelle’s volume totaled $49 billion, up 58% from 2018’s third quarter. Over the same time, transactions increased 73% to 196 million. Dollar volume on the Zelle peer-to-peer payments service increased more than 50% year-over-year in the third quarter while the transaction count jumped even more, …
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15 October
The Fed Wants To Get FedNow Into Market Quickly, But Hasn’t Changed Its Rollout Schedule
Two senior Federal Reserve officials said Tuesday they are committed to rolling out the proposed FedNow real-time payments service as quickly as possible, but they didn’t say the original schedule calling for a launch in 2023 or even 2024 will be shortened. “We will be making every effort, I think, to …
September, 2019
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26 September
How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy
Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …
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24 September
Sales Focus May Be ISOs’ Best Asset As They Court ISVs And VARs
Merchant-services companies may already have the best tool for courting independent software vendors and software developers. It’s the sales model. That’s the word from a panel at last week’s Western States Acquirers Association conference in Rancho Mirage, Calif. Many payment providers are looking to integrated payments, often an integral part …
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16 September
POS Providers Invite Developers To Attract More Merchants
As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants. Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …
August, 2019
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30 August
Stricter Visa Rules for Trial Offers and Promotions To Take Effect Next Year
The card networks’ crackdown on negative-option billing and subscriptions with free trials is continuing, with stricter policies from Visa Inc. set to take effect April 18. The updated Visa rules will follow by a year tightened rules from Mastercard Inc. on negative-option billers. These are billers who, after getting a consumer …
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27 August
TCH Forges on with Its Real-Time Payments Network as the Fed Crafts a Rival Service
The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …
