News

November, 2022

• 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 …
• 8 November

  Regulators Are Standing in the Way of Stablecoin Development, a TCH Paper Alleges

  

  The Clearing House Payments Co. LLC early Tuesday issued a white paper alleging that federal regulators are effectively blocking national banks from issuing stablecoins. This is despite the agencies’ own conclusion that the banks have the authority to issue the digital currency, the paper says. The paper also follows an …
• 8 November

  E-Commerce Merchants Can Expect a Better Holiday Season This Year, ACI Predicts

  

  Consumers are projected to be shopping more online this holiday shopping season, compared to the same period a year ago. Data released Tuesday by payments-technology provider ACI Worldwide Inc. projects a 15% increase in e-commerce transactions from October through December, compared to the same period in 2021. The projected increase …
• 8 November

  ACI CEO Out and other Digital Transactions News briefs from 11/8/22

  

  Thomas Warsop is taking over as chief executive of payments-technology provider ACI Worldwide Inc., succeeding Odilon Almeida, who is stepping down after serving in that role since March 2020. Warsop formerly was non-executive chair of the board of directors and is being succeeded in that role by board member Adalio Sanchez. Dow …
• 7 November

  Shift4 Plans More Overseas Business While Looking for More Conversions to End-to-End Processing

  

  Shift4 Payments Inc. has been a busy payments provider in recent years, and early Monday the company made plain its pace will only get faster and will include continued expansion internationally. Traditionally focused on the U.S. market, executives told equity analysts the company had closed on its first acquisition in …
• 7 November

  COMMENTARY: It’s Time to Fix Payments. Here’s How to Do It

  

  As one who has spent an entire career working with community banks, credit unions, and merchants, I can say it’s abundantly clear how they all suffer from a broken payments system, with the Fed’s automated clearing house being the lone exception. While merchants and community banks don’t share the same …
• 7 November

  Seon’s New Tack on Online Fraud Prevention and other Digital Transactions News briefs from 11/7/22

  

  Online fraud prevention provider Seon announced a free version of its platform, which will support up to 2,000 API calls each month. Online commerce services provider Signifyd released its first holiday season predictions tracker for 2022. American Express Co. said it will pledge $5 million to organizations helping cities and coastal communities tackle climate-related events. …
• 4 November

  In Pursuit of an Ambitious Omnichannel Strategy, PayPal Goes All-in With Apple

  

  During its third-quarter earnings call late Thursday, PayPal Holdings Inc. announced a multi-pronged omnichannel strategy with Apple Inc. to enhance the company’s offerings for PayPal and Venmo merchants, as well as consumers. Topping the list was PayPal’s announcement that it plans to support Apple Tap to Pay on iPhones. The initiative …
• 4 November

  FIS Touches Down at Jaguars Home and other Digital Transactions News briefs from 11/4/22

  

  Payments provider FIS Inc. and its Worldpay unit announced they will process all payments at TIAA Bank Field, home of the Jacksonville Jaguars NFL team. The deal includes installation of 600 point-of-sale terminals featuring tap-to-pay functionality. Payments provider Paya Holdings Inc. reported third-quarter payment volume of $12.6 billion, up 14.3% year-over-year. Revenue totaled $71.4 …
• 3 November

  Block Pursues a ‘Compelling Opportunity’ in Linking Cash App With Square

  

  Block Inc. is the parent of the well-known Square point-of-sale equipment and processing business, but it’s the company’s Cash App unit that has been stealing a steadily growing share of the limelight at the 13-year-old company. And now Block is working to find ways to link its two big units …