Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments-technology provider Modern Treasury and Silicon Valley Bank launched what they call a global payment solution to let clients of the two companies send cross-border payments at lower than prevailing costs and using local automated clearing house networks. SpecTrust Inc., whose Trust Cloud offers fraud protection for online transactions, said it has …
March, 2023
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2 March
Western Union Expands Its U.S.-to-Cuba Remittance Pilot
Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …
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2 March
Eye on Payment Tech: Repay’s Volume Rises 25%; CardFlight’s Merchant Base Swells to 125,000
Payment technology provider Repay Holdings Inc. has high hopes in 2023 for two new business segments—Consumer Payments and Business Payments—as its posts $6.6 billion in processed card volume for 2022. In related news, CardFlight, developer of SwipeSimple, a mobile point-of-sale service, hits a record merchant count of 125,000. Repay’s plans …
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2 March
CFPB’s BNPL Report And Other Digital Transactions News briefs from 3/2/23
“While many [buy now, pay later] borrowers who we observed used the product without any noticeable indications of financial stress, BNPL borrowers were, on average, much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, and use high-interest financial services such as …
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1 March
New verticals now open for North American Bancard Sales
An exciting part of growing a business is when you wade into uncharted territory. In the case of payments processing and the fintech industry, this could be when exploring a vertical that’s relatively new to the game. This excitement can be quickly dampened when banks and other financial institutions …
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1 March
Western Union And 7-Eleven Team Up To Enable Cross Border Remittances in Mexico
Western Union Co. expanded its cross-border remittance capabilities Wednesday with the announcement it is partnering with 7-Eleven Mexico to enable money transfers from 1,800 7-Eleven locations in Mexico. The agreement will enable Mexican citizens to send money to more than 200 countries and territories in which Western Union operates, in …
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1 March
FIS’s Worldpay Joins With GoDaddy to Enable Multichannel Commerce for Small Sellers
The major processor FIS Inc. said early Wednesday it will work with Web registrar GoDaddy Inc. to offer processing to small and micro merchants for online and in-person transactions. The new service, called Commerce 360, will rely on FIS’s Worldpay processing unit and aims to help sellers reach customers through …
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1 March
Elo Adds Tap to Pay Tech And Other Digital Transactions News briefs from 3/1/23
Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …
February, 2023
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28 February
Thryv Enhances Its Platform With Tap-to-Pay And Document Capabilities
Thryv Holdings Inc., a fintech credit card issuer and provider of small-business management software, has rolled out a suite of new apps for its platform, including tap-to-pay. The new features will enable small businesses to speed payments, streamline document management, and improve communications, Thryv says. Users of Thryv’s platform can now …
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28 February
Shift4 Looks to Close on a European Processor As It Enters 2023 With Momentum
If any doubt remains that payment processors are rebounding strongly from the pandemic and all the restrictions it brought with it, Shift4 Payments Inc. likely dispelled it with the final-quarter 2022 results it posted early Tuesday. And if there’s a cloud on its horizon, it’s the waiting time the company …
