News

December, 2022

• 30 December

  UnionPay Adds 4 million Merchants Globally And Other Digital Transactions News briefs from 12/30/22

  

  China-based UnionPay International announced 38 million merchants globally now accept the UnionPay card, four times the number 10 years ago, with 4 million added in 2022. UnionPay has issued more than 20 million cards internationally this year, bringing to more than 200 million the number of cards outside the Chinese Mainland. Former …
• 29 December

  Empowering Merchants with Real-Time Payment Data

  

  Merchants continue to pull every lever to generate additional revenue within an increasingly competitive landscape. For them, it is a matter of survival. And while numerous offerings promise equally innumerable benefits, there’s a hidden goldmine that can ensure the growth merchants are looking for: their payments data in real-time. > …
• 29 December

  DealerPay Shifts to a Higher Gear And Other Digital Transactions News briefs from 12/29/22

  

  Dealer-Pay, a payments-technology provider for automobile dealerships, has integrated its platform with Dealertrack, a management system serving the same industry. Guarda, whose cryptocurrency wallet includes a prepaid Visa card, added five more digital currencies to the 14 it already supports. Supported cryptocurrencies include Bitcoin and Ethereum. Japan-based Smartpay has launched Smartpay …
• 28 December

  MoneyGram Links to CellPay for Bill Pay And Other Digital Transactions News briefs from 12/28/22

  

  MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …
• 27 December

  The Advantage of Cloud-Enabled Payments for ISVs

  

  By Tom Byrnes, SVP, Marketing If you are an ISV, you know that adding payments to your solution adds value and gives you a competitive edge in the marketplace. Whether you like it or not, if your user base accepts payments, you are – by default – in the payments …
• 27 December

  U.S. Holidays Sales Soar 7.6% And Other Digital Transactions News briefs from 12/27/22

  

  U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …
• 23 December

  Eye on Blockchain: RocketFuel Sees Rising Crypto Transaction Counts; Centbee Raises $1 Million

  

  You wouldn’t know it from all the headline stories regarding the collapse of the FTX cryptocurrency exchange, but below the surface commerce in digital currencies continues unabated, albeit still at very low volumes relative to commerce in fiat. RocketFuel Blockchain Inc., a San Francisco crypto processor for e-commerce merchants, announced …
• 23 December

  COMMENTARY: A Forecast for Secure Payments in 2023

  

  The world will not stand still in 2023—not in retail and certainly not in payments. For the coming year, security and automation will be the focus of the trends and innovations we’ll be seeing in the payments space. Let’s explore this further. Credit card tokens from Visa, Mastercard, Discover (Diners), …
• 23 December

  U.S. BNPL Forecasted To Reach $6.5 Billion In 5 Years And Other Digital Transactions News briefs from 12/23/22

  

  The volume of buy now, pay later loans in the U.S. market will total $1.92 billion this year, up 25% from $1.54 billion in 2021, according to research from Research and Markets. The report projects the market will hit $6.5 billion by 2027.
• 22 December

  Consumers’ Ailing Financial Health Could Cast a Shadow Over the Holiday Shopping Season

  

  As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …