Digital Transactions Authoritative, insightful and timely information for payments professionals
Usio Inc. is jumping into the point-of-sale credit arena with its own service, which enables businesses to offer instant credit to customers without the risk of consumer lending. Announced Tuesday, the service enables merchants to offer POS financing without integration issues or credit concerns, Usio says. “Any business that deals …
September, 2022
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6 September
The UK Fends off Fraud And Other Digital Transactions News briefs from 9/6/22
A study of fraud losses in European countries by FICO indicates the United Kingdom cut losses by 49 million pounds last year, the most of any European country, according to the 2021 European Fraud Map from FICO, a predictive-analytics company.Checkout-technology provider Bolt launched Checkout Links, which it says enables consumers to check out …
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2 September
A Standards Body’s New Wearables Device Class Could Expand Contactless Payments
The NFC Forum, a standards body for companies developing and using near-field communication contactless technology, on Thursday announced a so-called “device class” for wearable devices aimed at increasing the use of such technology. The new Card Emulation Device Class is the first of its kind, the Wakefield, Mass.-based organization said. …
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2 September
Elavon Launches a New POS Hardware Bundle Aimed at Small Businesses
In a bid to strengthen its hand with small businesses, Elavon, the Atlanta-based merchant-acquiring subsidiary of U.S. Bancorp, has launched talech Register, a payments and business analytics platform that, Elavon says, enables small business owners to manage their operations more efficiently. Elavon is initially offering two bundled packages for restaurants …
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2 September
Block Opens Cash App to Non-Square Sellers And Other Digital Transactions News Briefs From 9/2/22
Block Inc. has opened its Cash App wallet for payments to e-commerce merchants outside the Square seller network, TechCrunch reported.Health-insurance plan provider Gravie said it is expanding access for members of the plan to Gravie Pay, a buy now, pay later program for medical bills.Commerce Bank launched Commerce Connections Direct in conjunction with the fintech …
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1 September
PayNearMe Adds Kansas, Its 20th State for iGaming And Sports Betting
PayNearMe Inc. has added one more state for its iGaming and sports-betting processing business. The latest expansion, to Kansas, brings to 20 the number of states in which the payments and electronic billing platform provider has iGaming operations. The expansion also comes just as the collegiate football and National Football …
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1 September
Retailers Are Getting Better at Managing Gift Card Programs, a Report Finds
Grocers and home-improvement retailers may have something to take pride in. These two merchant categories are among the most improved in terms of managing their gift card programs. That’s the insight from the fifth 2022 Merchant Gift Card Omnicommerce Evaluation–U.S. Edition released by Blackhawk Network Holdings Inc. The rankings of …
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1 September
Inflation Tasks Sports Bettors And Other Digital Transactions News briefs from 9/1/22
Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …
August, 2022
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31 August
First National Bank of Omaha Launches a Virtual Credit Card Program
First National Bank of Omaha Tuesday gave the trend of virtual card issuing a boost with the launch of Bend, a suite of embedded open, application programming interfaces that enable the integration of financial services, such as customized virtual cards, into existing environments. Brands can use Bend to roll out …
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31 August
The Digital Dollar Project Launches a ‘Sandbox’ to Explore the Technology for a U.S. CBDC
While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …
