Digital Transactions Authoritative, insightful and timely information for payments professionals
Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …
January, 2023
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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 …
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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 …
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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 …
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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, …
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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 …
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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. …
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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 …
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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 …
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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 …
