Digital Transactions Authoritative, insightful and timely information for payments professionals
Buy now, pay later provider Klarna AB said its service is now included in Viva Wallet, a European payment platform. Klarna says it serves 150 million active users globally, conducting 2 million daily transactions.In the wake of the implosion of cryptocurrency exchange FTX, Silvergate Capital Corp. said FTX’s deposits at the bank totaled $11.9 …
November, 2022
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11 November
Looking to Enable More Debit Volume, Instacart Adds Adyen for Processing
Instacart, the online grocery-delivery service and marketplace that employs personal shoppers to shop for consumers—and then facilitates delivery of those orders to the customer’s home—has brought on Adyen Inc. to provide additional payment processing capabilities. The deal will enable Instacart to leverage Adyen’s platform for payments including, PINless debit. Instacart …
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11 November
Toast Exceeds $100 Billion in Annualized Volume As Eateries Equip for a Post-Pandemic Era
Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …
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11 November
Moca Launches Patriot Card And Other Digital Transactions News briefs from 11/11/22
Moca Financial, a platform for digital cards and payment processing, launched The Patriot Card in partnership with the Association of Military Banks of America. Aimed at veterans, the physical and virtual Visa cards enable holders to receive, spend, and save government benefits.Banking giant J.P. Morgan announced it will open an office in Athens, Greece, …
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10 November
MX And Fintech Sila Team Up to Offer Open Banking Tokens for Account Verification
The kinetic energy powering the open-banking wave continues to build. On Thursday, fintech Sila Inc. and MX Technologies Inc. announced tokenized integration for bank-account verification through MX’s MXapi Processor Tokens. The tokens will enable clients of Sila and their end users to digitally verify bank accounts and account data for …
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10 November
‘We Have to Execute Better,” Says CEO Lowthers As He Revamps Paysafe
Former FIS Inc. executive Bruce Lowthers took over as chief executive of Paysafe Ltd. in May, and since then he’s had to work to steady a stumbling processing giant. His early assessment of his new company wasn’t pretty. “Bluntly, we’ve lost our way here,” he told equity analysts in August. …
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10 November
Consumer Spending Moderates in October And Other Digital Transactions News briefs from 11/10/22
Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …
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9 November
Eye on BNPL: Affirm On Track to Be Profitable in Fiscal ‘23; Afterpay Expands in Canada
Affirm Holdings Inc. says it is on track to post profitable operating income in its fiscal year 2023. The declaration came during a conference call with analysts late Tuesday to discuss the buy now, pay later provider’s financial performance during the first quarter of its fiscal year 2023, which ended …
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9 November
Oracle Follows up Its Payment Cloud Launch With a Handheld Payment Device for Restaurants
The tech giant Oracle Corp. early this summer launched a cloud-based payments-processing service aimed at the hotly contested restaurant market, and early on Wednesday the company added a handheld device for servers to use tableside. The new terminal, dubbed the Oracle Micros Simphony mobile order and pay device, runs on …
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9 November
Ralphs Now Accepts Apple Pay and other Digital Transactions News briefs from 11/9/22
California grocer Ralphs has begun accepting Apple Pay in its 184 locations in the state, reported MacRumors.com, citing a company spokesperson. Ralphs is part of the Kroger Co., which Digital Transactions News reported in 2020 was testing contactless payments at some of its locations. Kroger launched its proprietary mobile-payments service Kroger Pay in 2019, but has …