Digital Transactions Authoritative, insightful and timely information for payments professionals
Zelle, the peer-to-peer payment service, appears on track for a banner year with a record 2 billion transactions processed in the first six months of 2025, a 19% increase from the 2024 first half. The dollar amount of these transactions increased more, reaching nearly $600 billion, up 23% from $481 …
September, 2025
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8 September
Nuvei Adds Early Warning’s Paze Wallet for Its E-Commerce Merchants
Nuvei Corp. is adding the Paze digital wallet as an option for its merchants just as the much-anticipated fourth quarter nears. Paze is the online wallet from Early Warning Services LLC that is meant to expedite the checkout process for e-commerce businesses. Montreal-based Nuvei, privately held since last year, joins …
August, 2025
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18 August
No Summer Holiday for RTP As Volume Increases
Taking time off and getting away may be top-of-mind for many in the summer, but the payments system has little time for that, especially real-time payments networks. Real-time payments over the RTP network from The Clearing House Payments Co. LLC, increased over both the Memorial Day and July 4 weekends, …
June, 2025
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18 June
Ring, Ring—It’s Klarna Calling
Add another unique service to Klarna AB’s product roster. The buy now, pay later specialist is adding mobile-phone service to its product list. A waitlist is available now, with a launch expected in coming weeks, Klarna says. The United Kingdom and Germany are expected to follow. Klarna hopes to tap …
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10 June
Eye on Point of Sale: PAR Engagement Debuts; Global’s Genius for Retail Released
Competition at the point of sale is just as tough behind the counter as in front. Two payments companies separately are launching new products they hope will give them an edge. PAR Technology Corp. released PAR Engagement, a portfolio of products meant to help enterprise restaurants win over more customers, …
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4 June
Prizeout Launches Debit Rewards Program for Credit Unions
Prizeout, a fintech specializing in digital gift card payouts and cashback rewards, announced CashBack + Pay late Tuesday, a cashback program for debit card holders whose cards have been issued by credit unions. CashBack+ Pay gives credit union debit card holdings instant rewards averaging 6.8% of the transaction amount, the …
May, 2025
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16 May
How Barry McCarthy Is Steering Deluxe Into Digital Payments
At the helm of Deluxe Corp. since 2018, Barry McCarthy is seeing a payoff from the company’s shift from paper-based to electronic payments. Minneapolis-based Deluxe, which posted $2.1 billion in 2024 revenue, has seen its percentage of overall revenue attributed to its payments services, which includes merchant services and business-to-business …
April, 2025
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21 April
With The Final OKs, the Capital One-Discover Combo Sets a May 18 Closing
More than a year after Capital One Financial Corp. announced its $35-billion deal to acquire Discover Financial Services, it received the last federal regulatory approvals to move ahead and has set a May 18 closing. The last two regulatory approvals, from the Federal Reserve and the Office of the Comptroller …
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8 April
Lightspeed’s Retail Forecasting Tool; Ingenico’s SoftPOS Certification
With a renewed emphasis on retail merchants, Lightspeed Commerce Inc. is launching a tool to help retailers data and inventory forecasting. In related news, point-of-sale terminal maker Ingenico says its SoftPOS software development kit achieved a PCI Security Standards Council certification. Montreal-based Lightspeed announced the its four-part plan to boost …
January, 2025
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9 January
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The Consumer Financial Protection Bureau said Thursday U.S. open-banking standards will be developed under the aegis of Financial Data Exchange Inc., a standards-setting body. The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, …
