Digital Transactions Authoritative, insightful and timely information for payments professionals
Canada-based BMO Financial Group launched PaySmart in the U.S. market. PaySmart is a credit card feature that lets users divide transactions of $100 or more into installments over three, six, or 12 months at a monthly fee. Travel payments network UATP has added buy now, pay later platform Floa as another installment payment option. …
October, 2024
September, 2024
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27 September
Paymentus Brings Digital Billing and Payments to Altera Digital Health
Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, has reached an agreement with health-care information-technology provider Altera Digital Health Inc. to include its electronic bill- presentment and payments platform in Altera’s suite of healthcare IT solutions. The deal is expected to streamline the billing and payment processes for health-care providers …
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23 September
Walmart’s Pay-by-Bank Option and other Digital Transactions News briefs from 9/23/24
Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to …
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13 September
Worldline Replaces Its Longtime CEO As the Global Processor’s Shares Plummet
The big French processor Worldline SA announced early Friday longtime chief executive Gilles Grapinet will leave the company effective Sept. 30. The company says the search for a successor will evaluate candidates both inside and outside the company. In the meantime, the board has appointed Marc-Henri Desportes, deputy CEO since …
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9 September
MyKaarma’s Surcharge Compliance and other Digital Transactions News Briefs from 9/9/24
MyKaarma, a payments service for automobile dealers, said its surcharge service, myKaarma Surcharge, has achieved compliance with Honest Pricing Laws that have been enacted in several states, including California and New York. Surcharging allows merchants to add their cost of credit card acceptance to a bill when a customer presents a credit …
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6 September
Co-Branded Airline Credit Cards Figure in Federal Rewards Scrutiny
The U.S. Department of Transportation is looking into airline rewards programs with an eye on protecting consumers from potential unfair, deceptive, or anticompetitive practices, the department says. Many consumers use cobranded airline credit cards to earn points in these programs, though the DOT’s focus is on rewards, not on card-issuing …
August, 2024
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26 August
Shift4 Lays Out $148 Million in Cash for Gift Card Platform Givex
Shift4 Payments Inc. announced Monday it has agreed to acquire Givex Corp., a provider of gift card, e-gift card, loyalty, and POS solutions in an all-cash transaction valued at $200 million Canadian, or $148 million U.S. The acquisition of Toronto-based Givex, which services the restaurant and retail industries, will add …
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15 August
FIS’ New P2P Payments Service and other Digital Transactions News briefs from 8/15/24
FIS Inc. said it will make a peer-to-peer payment service from Neural Payments available to its banking customers. The white-label product enables bank customers to transfer money from their accounts to anyone, regardless of weather the recipient’s financial institution uses Neural Payments and without the need to download a third-party app …
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12 August
M&A Is Unpredictable, But Deals Are Emerging As CEOs Plan for Economies of Scale
Payments has always been an acquisitive business, as economies of scale loom large for CEOs and CFOs and buying that scale can often look cheaper and quicker than building it over time. But so far, activity in 2024 is mapping to what was seen last year—which is to say, slow. …
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8 August
How Shift4’s CEO Looks to Build Shift4 Into ‘the SpaceX of Payments’
Having finished what its chief executive called “a very busy quarter,” the major processor Shift4 Payments Inc. early Thursday reviewed recent moves in acquisitions, stadium deals, and point-of-sale technology, both for its longstanding position in the U.S. hospitality market and overseas. Even more ambitious initiatives are looming, promised chief executive …
