Digital Transactions Authoritative, insightful and timely information for payments professionals
Mobile-payment solution provider Bank Shot has added support for digital-check acceptance in the real-estate market. The new feature will enable consumers to initiate an earnest-money or rent payment via a digital check. In addition, real-estate brokers, title companies, and property managers can use Bank Shot to pay realtor commissions. Bank …
July, 2022
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11 July
With P2P Payments Booming, U.S. Senators Spotlight Consumer Losses to Fraud
Consumers’ loss of funds to fraud and other deceptive activity on peer-to-peer payment networks has drawn the attention of U.S. Senators, who are demanding answers on the matter from the big banks that own the Zelle P2P network. The senators’ actions come as P2P activity has boomed in response to …
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11 July
Argyle Payments Launches And Other Digital Transactions News briefs from 7/11/22
Payments professionals Joseph Daly and Eric Kellogg announced they formed Argyle Payments LLC, an independent sales organization that will focus on small and midsize merchants in high-margin specialty markets.Buy now, pay later provider Klarna AB closed on an $800-million funding round aimed at bolstering its stance in the U.S. market. The round values the …
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8 July
North American Bancard Partnership with PayTrace Offers Exciting Ecommerce, B2B Opportunities
With the demands placed on ecommerce and business-to-business payments, it is only fitting that merchants rely on a gateway with expert-level knowledge and years of experience. PayTrace, which North American Bancard acquired earlier this year, has maintained such Level-2, Level-3, and B2B expertise for more than 16 years. Now, with …
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8 July
EMS Expands Service Offerings By Taking a Majority Stake in Paysley
Merchant processor Electronic Merchant Systems announced Thursday that it has taken a majority stake in Paysley, a contactless payments software specialist that enables merchants to send payment requests and QR codes to customers’ mobile phones. Terms of the deal were not disclosed, but EMS chief executive Dan Neistadt tells Digital Transactions …
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8 July
An Insurance App Offers Crypto Rewards for Premium Payments
A mobile wallet that allows users to shop and pay for insurance has added a rewards program that offers cryptocurrency based on premium payments. Marble, a New York City-based company that started up in 2020, says it has integrated its wallet with Gemini, a crypto exchange, to let users redeem …
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8 July
Nuvei Notes Online Gaming Integration and other Digital Transactions News briefs from 7/8/22
Payments provider Nuvei Corp. said it is integrating with GAN Ltd., a provider of Internet-gaming technology, to allow gaming operators to access Nuvei’s payments services.Point-of-sale system maker Toast Inc. said it acquired Sling, a business-management platform. Terms were not disclosed.American Express Co. and the National Trust for Historic Preservation announced 25 independent U.S. restaurants that …
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7 July
Eye On Acquiring: Deluxe Expands Processing; Nuvei Signs Delivery Platform WeCook
Deluxe Corp. announced on Thursday a deal with Dupaco Community Credit Union to process transactions for its business clients using its First American by Deluxe service. The Madison, Wis.-based credit union has more than 120 business clients. The service will also be made available to new Dupaco business customers, Deluxe …
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7 July
As Amazon’s Prime Day Shopping Spree Nears, Overall Consumer Spending Grows
In-store sales growth continued to outpace that of online shopping in June, though e-commerce sales may get a big boost next week. According to the Mastercard Inc. SpendingPulse report, in-store sales increased 11.7% last month over June 2021, and were up 10.7% from June 2019. And, while e-commerce sales experienced …
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7 July
Xplor’s New CBD Payment Service And Other Digital Transactions News briefs from 7/7/22
Payments and commerce platform Xplor Technologies announced a new payment service for merchants that sell cannabidiol, also known as CBD, products.Dispute technology provider Chargebacks911 said it reached 1,000 integrated data connections on its platform.Payments-technology provider i2c Inc. has agreed to support fintech Marygold & Co.’s Tap to Pay debit Mastercard product.Prove Identity Inc. said its identity-verification …