News

September, 2022

• 23 September

  Eye on BNPL: Square’s Afterpay Marks Canada Debut; Allegiant Taps Uplift

  

  Square, the payment-processing unit of Block Inc., is integrating its Afterpay buy now, pay later service into its e-commerce products across Canada. Meanwhile, airline Allegiant introduced Allegiant Pay Powered by Uplift for flights, hotels, and car-rental bookings made by its customers. Uplift is a travel-specific buy now, pay later provider. …
• 23 September

  Finastra Adds Visa Direct for Payouts And Other Digital Transactions News briefs from 9/23/22

  

  Financial-technology provider Finastra said it is incorporating Visa Direct, a real-time push-payment capability developed by Visa Inc., as a cross-border payout offering for banks.Coinsquare, a crypto asset trading platform based in Canada, said it has agreed to acquire Simply Digital Technologies Inc., owner of the CoinSmart trading platform and a unit of …
• 22 September

  Four Trends Are Affecting U.S. Retail, a Checkout.com Report Finds

  

  Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …
• 22 September

  Nacha Issues a New ‘Framework’ Aimed at Shifting Industry Emphasis to Credit Push Frauds

  

  As payments fraud grows more threatening by the year, a report on Thursday from the governing body for the automated clearing house network recommends the payments industry shift its emphasis from combatting unauthorized debits to preventing crimes involving credit payments. Dubbed a “new risk-management framework,” the recommendation issued by Nacha …
• 22 September

  Affirm, Amazon Mark Canada Expansion And Other Digital Transactions News briefs from 9/22/22

  

  Affirm Inc. expanded its installment payment service with Amazon.com Inc. to consumers in Canada.Digital personal finance provider Achieve said the percentage of Achieve users with buy now, pay later accounts on their credit reports grew 58% in June compared to January 2021.The “2022 State of Credit” report from Marqeta Inc. found that 64% of BNPL users reported …
• 21 September

  Galileo Teams With DataVisor to Launch All-in-One Fraud Detection Beyond Credit Cards

  

  Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …
• 21 September

  Looking to Upgrade Their Skills, Consumers Take BNPL to School

  

  As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …
• 21 September

  Paysafe Makes a Spreedly Connection And Other Digital Transactions News briefs from 9/21/22

  

  Paysafe Ltd. said it will offer its payment gateway to international merchants using a payments orchestration platform from Spreedly.Payments provider Fortis said its services will be integrated with hotel property-management systems from Visual Matrix under a new agreement. Visual Matrix says more than 3,000 properties use its technology.Visa Inc. said it has processed more …
• 20 September

  Does Its Debut in the House Confer Momentum on Durbin’s Credit Card Legislation?

  

  An effort backed by many of the nation’s major retailer trade groups to put a lid on credit card acceptance costs took a big step forward Monday with the introduction in the House of Representatives of the Credit Card Competition Act. The bill, launched in July in the Senate, seeks …
• 20 September

  How Crashing Crypto Values And Government Scrutiny Sent Crypto ATMs Into a Slump

  

  Deployment of cryptocurrency ATMs in 2022 significantly lags the pace seen last year, and one factor hastening the slowdown is increased regulatory scrutiny, sources say. Crypto ATMs are specialized kiosks that allow consumers to purchase Bitcoin and other cryptocurrencies using cash or a debit card. Increasingly, regulators in several countries …