Digital Transactions Authoritative, insightful and timely information for payments professionals
In the face of an ongoing pandemic, Square Inc. late Thursday reported a record quarter for gross processing volume and made it plain its strategic priorities are to move upmarket to larger merchants and to expand the user base for its consumer product, Cash App. Recent moves include Square Invoices …
November, 2021
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4 November
FIS’s Top Brass Combats a ‘Bear Case’ As the Company Reports Strong Merchant Results
Top executives with FIS Inc. spent a good deal of time Thursday morning countering what they said is a “bear case” that has developed among at least some investors and observers of the company. “The bear case is that FIS is standing still and not able to compete. This is …
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1 November
Eye On BNPL: ACI Partners With Affirm; Afterpay’s Holiday Shopping Survey
ACI Worldwide Inc. added to its growing list of buy now, pay later partners on Monday, announcing a deal with Affirm Inc. Merchants using the processor’s ACI Secure eCommerce solution can offer consumers the ability to make purchases with Affirm and split the cost of the purchase into biweekly or …
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1 November
Open Banking Is Due for Explosive Growth, Posing a Threat to Cards, a New Report Says
The rising prominence of open banking, particularly in Europe and the United States, poses a “growing threat to the dominance of cards within e-commerce,” says a report released early Monday by the United Kingdom-based firm Juniper Research. The report comes against a backdrop in which e-commerce transactions are growing fast …
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1 November
Apple Objects to App Store Payment Changes and other Digital Transactions News briefs from 11/1/21
Apple Inc. filed an objection to a September U.S. District Court ruling that it says hinders the computing giant’s ability to restrict developers on its App Store to Apple’s own payment system. The ruling upheld Apple’s requirement that developers use its payment system within the App Store but said Apple must allow references to …
October, 2021
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29 October
Amazon One Expands and other Digital Transactions News briefs from 10/29/21
Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number …
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26 October
BNPL Offers Big Potential for Market Share But Also Flashes Caution Signs for the Unwary, a Panel Says
The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …
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25 October
A Bread Partnership Adds More Long-Term Financing Power to Sezzle’s BNPL Arsenal
As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …
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25 October
Nium’s New Crypto Service and other Digital Transactions News briefs from 10/25/21
Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer …
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21 October
PayPal Buying Pinterest? and other Digital Transactions News briefs from 10/21/21
PayPal Holdings Inc. might buy the Pinterest social media company for approximately $45 billion in what would be the tech industry’s biggest takeover of 2021, Bloomberg reported.The Consumer Financial Protection Bureau has issued an order to Amazon, Apple, Facebook, Google, PayPal, and Square asking for information on how they use personal payment data …
