News

December, 2022

• 19 December

  COMMENTARY: Apple Pay Later Is Set to Trigger a Domino Effect in the BNPL World

  

  The interest in buy now, pay later (BNPL) skyrocketed in 2021 and 2022: Millions of people have turned to this installment-payment solution for its convenience, flexibility, and simplicity. So it’s no surprise that Apple announced its new BNPL product, Apple Pay Later, in June. With its new financial service, the …
• 19 December

  Wedge Joins Fiserv AppMarket And Other Digital Transactions News briefs from 12/19/22

  

  Wedge Financial Inc. said its app, which lets users spend funds from multiple fiat accounts and assets using a single card, has joined Fiserv Inc.’s AppMarket. Work at the New York Fed under an initiative called “Project Cedar” means the United States has officially moved from the “research” phase to the …
• 16 December

  Mobile Fuel Service EzFill Adds a One-Time Payment Service

  

  EzFill Holdings Inc.’s specialty is sending one of its mobile fuel trucks to a driver’s location, thus eliminating the hassle to the driver of having to get to a gas station to fill up the car or a fleet of vehicles. Now, EzFill has launched a new one-time payment service …
• 16 December

  Sightline Payments Signs up Parx Casino for Wallet-Based Gambling Resortwide

  

  Merchants of all sorts found themselves converting to digital payments acceptance over the past two years in the face of the pandemic, but one niche in particular has offered a fertile field for merchant acquirers: casinos. Online and on-premise gambling has attracted payments providers large and small, including specialists like …
• 16 December

  Dealer Pay Joins CDK Program And Other Digital Transactions News briefs from 12/16/22

  

  Dealer Pay, a provider of point-of-sale payment acceptance for auto and truck dealerships, said it has joined the CDK Global Partner Program, which features applications and integrations for automotive dealers. Mastercard Inc. is working with the U.S. International Development Finance Corporation to help support financial institutions and businesses that work with …
• 15 December

  No Slowdown for Record-Breaking Phishing Attacks

  

  Phishing attacks continue to set record highs. The third quarter of 2022 was the highest quarter on record for number of attacks, according to the latest Anti-Phishing Working Group’s Phishing Activity Trends report, released Wednesday. The APWG observed 1,270,883 phishing attacks during the September quarter, up 16% from a then-record …
• 15 December

  An FIS Board Shakeup Arrives As the Processor Begins a Wholesale Company Review

  

  FIS Inc., one of the world’s largest payment processors, is undergoing more changes at the top. Jacksonville, Fla.-based FIS will replace its existing board structure, where Gary A. Norcross, chief executive, also was board chairman, with an independent director as the chair beginning Dec. 16. Replacing him as chairman is …
• 15 December

  Afterpay Most Used BNPL Option by Gen Z And Other Digital Transactions News briefs from 12/15/22

  

  Afterpay, the buy now, pay later service owned by Block Inc.’s Square, is the one most used by Gen Z consumers—those between 18 and 25 years old—according to a survey from Insights in Marketing, a marketing consultancy, with 58% of them having used Afterpay. Next was Klarna at 44%; Affirm …
• 14 December

  Eye on Acquiring: Prizeout’s e-Gift Card Integration With Square; Ingenico Teams Up With Izicap

  

  Prizeout Corp., an adtech firm and e-gift card issuer, has partnered with Square to enable Square merchants to integrate their Square account with Prizeout’s platform. The integration will streamline e-gift settlement for Square merchants on transactions managed by Prizeout. In addition, Square merchants will be able to make their e-gift …
• 14 December

  Is BNPL Risk Overstated? New Data Suggests It Isn’t

  

  One impression of consumers who use buy now, pay later services is that they may not be as financially literate as others. New data from Capterra, a software reviews and selection platform, indicate that picture may not be entirely accurate. In Arlington, Va.-based Capterra’s “2022 Buy Now, Pay Later Survey,” …