Digital Transactions Authoritative, insightful and timely information for payments professionals
With nearly 1 out of 5 shoppers abandoning their carts due to a long or complicated checkout process, today’s merchants are challenged to close retail sales. Combine this with the fact that many merchants have not updated their payment systems in two years, and the result is an inability to …
October, 2022
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31 October
Global Payments’ $2.29 Billion Quarter And Other Digital Transactions News briefs from 10/31/22
Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …
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28 October
Meta Pay Widens Its Merchant Reach Through a Deal With Chase Payments
Meta Pay, the mobile wallet from Meta Platforms Inc., has reached an agreement with JP Morgan Chase Payments to make the payment option available to Chase merchants on their e-commerce site or mobile app. The announcement was made earlier in the week on Twitter by Stephane Kasriel. the head of …
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28 October
Boost Mobile’s OmniMoney And Other Digital Transactions News briefs from 10/28/22
Wireless carrier Boost Mobile launched OmniMoney, a no-fee checking account featuring a debit card and money transfer via mobile app.Online merchant and payments provider Amazon.com Inc. reported North America net sales of $78.8 billion for the quarter ended Sept. 30, up 20% year-over-year. International sales, however, dipped 5% to $27.7 billion, largely due to …
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27 October
Open Banking Will Soon Have a New Overseer As the CFPB Looks to Regulate Data Sharing
With data sharing via open-banking arrangements becoming increasingly vital in the payments business, the Consumer Financial Protection Bureau on Thursday released an outline of a “data-rights rule” it is preparing that would govern how consumers’ financial information is shared among players such as banks and payments companies. The proposed rule …
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27 October
Fiserv Reports Its Merchant Acceptance Revenue Was up 11.8% in the Latest Quarter
With thousands of merchants across the globe, processing powerhouse Fiserv Inc. continues to reap the benefits of that reach with an 11.8% increase in its merchant-acceptance revenue in the third quarter. Heavily affecting the segment’s growth was a 19% increase in revenue from Fiserv’s Clover point-of-sale products and services and …
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27 October
Mastercard Will Compete for Debit And Build out New Payment Flows, Its Top Brass Says
Mastercard Inc.’s top executives early Thursday underscored a strategy for the company involving a diversity of payment flows and new network opportunities such as open banking and cryptocurrency. At the same time, the company’s leadership made plain the company will compete for debit volume in the wake of a Federal …
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27 October
Rapid Financial To Be Acquired And Other Digital Transactions News briefs from 10/27/22
Tyler Technologies, a specialist in government services and payments, said it will acquire Rapid Financial Solutions, a provider of payments, card issuance, and digital disbursement services, for $68 million. The deal is expected to close in the fourth quarter.Prepaid card specialist InComm Payments has acquired The Card Network, a gift card issuer based …
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26 October
Zip Adds Physical BNPL Card To Its Portfolio
Zip Co. Ltd. expanded its buy now, pay later portfolio Wednesday with the roll out of the Zip Card. Cardholders can use the card, issued by WebBank, a Salt Lake City-based industrial bank, to make purchases in store and online and pay off those purchases in four installments. During the …
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26 October
Events.com Snaps up Brown Paper Tickets And Other Digital Transactions News briefs from 10/26/22
Events.com announced it has agreed to acquire Brown Paper Tickets, a payments processor for ticketing. Terms were not announced.PayPal Holdings Inc. said Amazon.com Inc. has added its Venmo digital wallet as a payment method on Amazon.com and in the Amazon mobile app. Venmo on Amazon will be available to U.S. customers by Nov. 25 …
