Financial firms live and die by their reputation. While we know that, with credit unions, insurance companies, and holding companies, the result of a cyberattack could mean funding challenges, reputational damage, and even insolvency, what many don’t know is that, today, around 70% of business risks enter through an endpoint …
Read More »
Hospitality point-of-sale company Toast Inc. has expanded its partnership with Uber Technologies Inc. to enable restaurants using Uber’s delivery service to reach customers through more channels and lower their delivery costs. Toast will integrate its platform with Uber Direct, Uber’s on-demand delivery platform that enables businesses to take orders through their Web …
Read More »
President-elect Donald Trump has nominated Fiserv Inc. chief executive Frank Bisignano to be the next commissioner of the Social Security Administration, headquartered in Woodlawn, Md. The move follows by a day news that Trump has named Jared Isaacman, founder and chief executive of Shift4 Payments Inc., a Fiserv rival, to …
Read More »
Online checkout service Paze said retailer GNC now accepts the digital wallet. Paze is a checkout service from Early Warning Services LLC. Digital gifting platform On Me signed a five-year agreement with Mastercard Inc. and received $1.7 million in pre-seed funding from venture capital firm Lerer Hippeau and Focal.VC to help it expand its retailer …
Read More »
OwlTing Group, a blockchain-technology company, is working with MoneyGram International Inc. to support cash-in transactions from local fiat currencies to USD Coin in its OwlPay Wallet Pro service at nearly 50,000 MoneyGram locations in 30 countries. OwlPay Wallet Pro is a blockchain-based, unhosted digital wallet that enables cross-border transactions. USD Coin is …
Read More »
Online sales continued to surge on Cyber Monday, totaling $13.3 billion and up 7.3% from Cyber Monday last year, according to Adobe Digital Insights. During the peak shopping hours of 8 p.m. to 10 p.m., consumers spent $15.8 million per minute. Cyber Monday capped a strong five-day sales period from …
Read More »
Payments acceptance provider Evolv Inc. said it will acquire payments provider EnzoPay and rename it Evolv Mid-Atlantic. Terms were not disclosed. The Fiserv Small Business Index dropped two points to 144 in November from October. Year-over-year small business sales increased 4.8% and total transactions were up 9.1%. Month-over-month sales were down 1.6% and transactions …
Read More »
Online shoppers spent a record $10.8 billion on Black Friday, a 10.2% increase from a year ago, according to preliminary data from Adobe Digital Insights. Online shoppers were especially active between 10 a.m. and 2 p.m. on Friday, spending $11.3 million per minute during that period. Products seeing the strongest …
Read More »
Artificial intelligence emerged last year as a trending technology in payments, and now differences are starting to emerge in how businesses are viewing and deploying the technology, with small businesses showing the most enthusiasm, a new report from the big Atlanta-based processor Global Payments Inc. shows. In fact, some 94% …
Read More »
A new report from Surfshark, a provider of virtual private network services, finds that the United States far outpaces the top nine other major economies when it comes to the rate of breached payment card details. Based on 5.7 million payment card data points that have been compromised since 2004, …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
