Digital Transactions Authoritative, insightful and timely information for payments professionals
You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …
April, 2021
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29 April
SMBs Value Digital Payments More Than a Year Ago and other Digital Transactions News briefs from 4/29/21
A survey from the Electronic Transactions Association and The Strawhecker Group found that 43% of small and mid-size businesses view digital payments as more important to their operations now than before the Covid-19 pandemic. The survey of 528 SMBs also found that 34% said they are experiencing an increase in contactless payments.InComm …
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28 April
FIS RealNet Debuts and other Digital Transactions News briefs from 4/28/21
FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …
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27 April
Fiserv Announces a Strong First Quarter As It Teams With PayPal on QR Codes
Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …
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26 April
Paya’s Deal for Paragon Payments Bolsters Its Offering for Health Care And Non-Profits
Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …
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23 April
As AmEx Recovers From Covid’s Impact, Its Vital T&E Market Stages a Comeback in ‘Layers’
American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …
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22 April
With Its $960 Million Deal for First American, Deluxe Catapults Itself Into Merchant Acquiring
Deluxe Corp. is best known as the largest supplier of checks in the United States, but early Thursday it showed how serious it is about staking a major claim in digital payments. The Shoreview, Minn.-based company announced it has agreed to pay $960 million in cash for First American Payment …
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21 April
Online Returns Come to BNPL As Affirm Makes a $300 Million Bid for Specialist Returnly
The buy now, pay later trend has eased online purchases for consumers over the past year, but at the other end of those transactions is the flow of returns after buyers get their merchandise. Now Affirm Holdings Inc., a leading player in the fast-growing BNPL arena has attacked the issue with …
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21 April
Worldline Revenue Drops and other Digital Transactions News briefs from 4/21/21
French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …
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19 April
Mastercard To Acquire Ekata and other Digital Transactions News briefs from 4/19/21
Mastercard Inc. said it will acquire Ekata, a digital identity services company, for $850 million. Ekata helps identify good customers and businesses and bad actors in real time, it said. Ekata, formerly the business-to-business unit of Whitepages Pro, spun off in 2019 and adopted the new name. The deal is expected …
