Digital Transactions Authoritative, insightful and timely information for payments professionals
Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …
October, 2022
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3 October
Durbin Pushes to Attach His Credit Card Routing Proposal to a Senate Defense Bill
Indications emerged late last week that Sen. Richard Durbin, D-Ill., has embarked on a strategy for his credit card routing bill that follows a path similar to one he forged a decade ago for his rules governing debit card routing. The veteran senator, along with co-sponsor Roger Marshall, R-Kan., have …
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3 October
Lightspeed Restaurant Tweaked And Other Digital Transactions News briefs from 10/3/22
Lightspeed Commerce announced it has added a data-analytics capability, Lightspeed Advanced Insights, to its Lightspeed Restaurant payments service.The French payments company Worldline announced it has closed on the sale of its Terminals, Solutions & Services unit to Apollo Funds. The 2.2-billion-euro deal, which includes the Ingenico line of point of sale devices, was announced in …
September, 2022
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30 September
In a Payments Industry First, Usage of Debit Cards Tops That of Credit Cards
Consumers’ usage of debit cards has finally surpassed that of credit cards. Through the second quarter of 2022, 56.2% of consumers preferred debit as their primary payment card, compared to 39.5% for credit, according to a report from S&P Global Market Intelligence. Those numbers represent a dramatic change in the …
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30 September
Processing Innovation: Automating Integrated Payments
By Tom Byrnes, SVP, Marketing If you’re an Independent Software Vendor (ISV), one of the necessary elements of the business you’re in is a relationship with a payment processor. While the rest of the technology landscape has shifted to cloud-hosted platforms, processors have clung on to their mainframe-based legacy stacks …
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30 September
Circle Looks to Its Deal for Elements to Ease Crypto Payments for Merchants
Blockchain players have been working for years to bring digital currencies to the point of sale, leading to Circle Internet Financial LLC’s announcement Thursday it has acquired a San Francisco-based payments-technology firm called Elements to make it easier for stores to take crypto, including Circle’s stablecoin, USD Coin (USDC). Terms …
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30 September
Angelpaw Debuts BNPL Option for Vet Services And Other Digital Transactions News briefs from 9/30/22
Angelpaw, which provides software to track pet cremation and aquamation, launched a buy now, pay later service for these services. Interest-free installment payments are made over 60 days and the provider receive funds immediately.Payroc WorldAccess LLC said its Worldnet platform is now enabled on the PAX A920 point-of-sale device as the …
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29 September
ATB Ventures Looks to Unlock the Value Potential in Digital Identity And Verification
In response to consumers’ growing concerns over the security and management of their personal data by businesses with which they interact, ATB Ventures on Thursday introduced its Oliu platform, a set of identity products aimed at helping businesses safely manage and verify the credentials of consumers they interact with digitally. …
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29 September
Eye on Restaurant POS: Ziosk’s New Tablet; State of Restaurant Tech from SpotOn
Restaurants that use Ziosk products for their point-of-sale and ordering systems have got a new option for their servers to carry all day with the launch of the Ziosk PRO Server Tablet. In related news, a report from SpotOn Transact LLC reveals that 81% of independent operators continue to use …
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29 September
Fiserv Tweaks Carat Data Access And Other Digital Transactions News briefs from 9/29/22
Fiserv Inc. said its Carat operating system has added a capability for large enterprises to more readily access and analyze payments data.Mastercard Inc. said it is launching Strive USA, a small business imitative, in the United States for the first time. The goal is to support 5 million SMBs over the next five years.Also, …
