News

January, 2023

• 30 January

  Despite Headwinds, E-Commerce Remained a Juggernaut Throughout the ‘22 Holiday Season

  

  E-commerce transactions for the 2022 holiday-shopping season bested predictions for growth, despite signs of a weakening economy, according to research from ACI Worldwide Inc. From October through December, online transactions increased 21% from the same period in 2021, besting pre-holiday shopping- growth estimates by six percentage points, says ACI. In …
• 30 January

  Justice Wants More Info From Visa on its Debit Practices

  

  The U.S. Department of Justice wants more information from Visa Inc. on its U.S. debit practices, a continuation of an investigation originally started in 2021. Visa disclosed the request in a Jan. 27 U.S. Securities and Exchange Commission filing and said the Justice Department’s Antitrust Division made the request on …
• 30 January

  Gr4vy’s Tokenization Move And Other Digital Transactions News briefs from 1/30/23

  

  Gr4vy Inc., a payments-technology provider, has integrated network-tokenization services from Giesecke+Devrient GmbH into its platform in a move expected to improve authorization rates and cut transaction costs. Owlin, an artificial-intelligence technology developer, launched Owlin for KYC, said to be one platform to screen merchants and to ease onboarding, monitoring, and …
• 27 January

  AmEx Posts a Double-Digit Rise in ’22 Volume But Faces Queries About Its Card Take

  

  American Express Co., whose travel-and-entertainment focus took a beating during the pandemic and is now rebounding, reported strong growth early Friday for its latest quarter, but left at least some equity analysts questioning whether the growth is strong enough. Analysts zeroed in on revenue growth and card-acquisition rates, in particular, …
• 27 January

  Visa’s Kelly Stresses Stability As He Prepares to Hand Off The Reins of Leadership

  

  Following years of pandemic restrictions that all card companies had to contend with, Visa Inc.’s top executives late Thursday highlighted stable transaction and processing volumes and growing cross-border travel as the United States and other global regions continued to recover. The event also featured an appearance by Visa president Ryan …
• 27 January

  POSaBIT Makes $4 Million Deal And Other Digital Transactions News briefs from 1/27/23

  

  POSaBIT Systems Corp., a point-of-sale system maker for the cannabis industry, said it will acquire MJ Platform, Leaf Data Systems, and Ample Organics from Akerna Corp. for $4 million in an all-cash transaction. The deal will almost double the number of locations serviced by POSaBIT and expands its operations in Canada. …
• 26 January

  Mobile Wallet Usage Is Up, But Many Consumers Still Prefer to Pay With Plastic

  

  Consumer adoption of mobile wallets may be growing, but a lot of consumers still prefer to pay using a physical card, a report from J.D. Power finds. The report, which surveyed 3,588 retail-bank customers nationwide between the first quarter of 2021 and third quarter of 2022, found that 49% of …
• 26 January

  Mastercard Celebrates Pay by Bank And Its ‘Multi-Rail Strategy’ As It Records Its ’22 Results

  

  Mastercard Inc. has made some big news in recent months, but you wouldn’t know all of it from the company’s conference call early Thursday to discuss its fourth-quarter 2022 and full-year results. Mastercard celebrated recently concluded major deals that make the global payments company the exclusive provider of debit branding …
• 26 January

  Netevia Banking To Debut And Other Digital Transactions News briefs from 1/26/23

  

  Payments and financial services provider Netevia said it will launch in February Netevia Banking, a banking service for small businesses that includes virtual cards, same-day access to funds, connectivity to Netevia’s underwriting team, and a two-hour approval window. Netevia Banking will be available to independent sales organizations for resale. GE HealthCare will …
• 25 January

  Data Breaches in 2022 Hit a Near Record High As Notices Increasingly Omit Information

  

  Data breaches remained at near record levels in 2022, according to the Identity Theft Resource Center’s annual data breach report. The number of breaches totaled 1,802 last year, just 60 short of the all-time high recorded in 2021, making the total number of breaches in 2022 the second-highest on record. …