Digital Transactions Authoritative, insightful and timely information for payments professionals
PayPal Holdings Inc. has added four new features to its payment service for small online businesses that are expected to increase conversion, reduce declines and the risk of fraud, and provide greater transparency into processing costs. PayPal’s small business customers will now be able to offer Apple Pay at checkout, …
April, 2023
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4 April
Finix Tags New Merchant Market And Other Digital Transactions News briefs from 4/4/23
Finix Payments Inc. released its payments service for merchants that want to use embedded payments. Its first product was geared to software platforms. The new segment provides payments processing while enabling the merchant to control their customers’ online and in-person shopping experiences. Aeropay, a cannabis industry payments provider, said it and Onfleet, …
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3 April
PayPal Becomes Ticketmaster’s Preferred Payment Partner, a Boon for Braintree
PayPal Holdings Inc. says it is now the preferred payments partner of Ticketmaster, the big and often controversial multi-national ticketing business owned by Live Nation Entertainment Inc. The deal announced Monday is a boon for PayPal’s Braintree merchant-processing unit, which will become Ticketmaster’s main processor. Monday’s announcement essentially is an …
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3 April
POSaBIT Expands Its Footprint In Cannabis Payment Processing With Hypur Acquisition
POSaBIT Systems Corp. strengthened its position in the cannabis-payments processing market with the $7.5 million acquisition of Scottsdale, Ariz.-based Hypur Inc., a provider of payment and compliance solutions to high-risk merchants, including cannabis dispensaries, CBD retailers, and merchants that accept cryptocurrency. POSaBIT says the acquisition will provide it with a …
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3 April
Coinhub Places More Bitcoin ATMs And Other Digital Transactions News briefs from 4/3/23
Coinhub said it recently secured placement of its Bitcoin ATMs at more than 1,000 gas stations and stores. Parthenon Capital announced it has closed on its $415 million acquisition of Pavilion Payments, previously known as Global Payments Gaming Solutions. The deal was announced in February. Global Payments will continue to process for Pavilion. …
March, 2023
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31 March
Unlocking ISV potential through embedded finance
by Joshua Bennett, Vice President of Partner Business Development for Elavon Inc. As payments technology and business models continue to advance and change at a rapid pace, Independent Software Vendors (ISVs) have new opportunities to monetize their services and provide valuable tools for their customers. The concept of Embedded Finance, …
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31 March
The Rise of Digital Wallets: Plan Now or Plan to Fail
Digital wallets are taking on new meaning as merchants grapple with how to stay relevant with consumers’ preferred ways to pay. With the total number of digital-wallet users expected to exceed 5.2 billion globally by 2026, wallets benefit consumers and merchants alike, offering swift payments and convenience that expedite the …
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31 March
As FedNow’s July Debut Nears, the Roadshow Begins
FedNow, the impending real-time payment service from the Federal Reserve, was formally introduced to the merchant-acquiring industry Thursday at the annual Northeast Acquirers Association conference. Expected to launch in July, FedNow will enable participating banks to offer instant payments with a default limit of $100,000 per transaction and stretch to …
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31 March
Billtrust Hit $100 billion in 2022 And Other Digital Transactions News briefs from 3/31/23
Business-to-business bill-payments provider Billtrust announced its dollar volume in 2022 exceeded $100 billion, up 35% over 2021 and the first time the company has reached the $100-billion mark in a year. PayTech Women, formerly Wnet, released its 2022 Annual Report, which provides an overview of the organization’s activities and impact. General Agents …
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30 March
How Cloud-Enabled Processing Fixes Age-Old Payment Problems
By Tom Byrnes, SVP, Marketing, PayiQ It’s no great secret that much of the current payment processing infrastructure in place could use updating. Much of the technology that traditional processors were built on is clunky and inefficient. The result: Every business that integrates (ISV) or resells (ISO) the payment services …