Digital Transactions Authoritative, insightful and timely information for payments professionals
Tulip.io Inc., a Toronto-based point-of-sale system provider, said it has a certified integration with Moneris Solutions Corp., a large payment processor in Canada. Moneris had a U.S. presence prior to 2016 when it sold the U.S. business to Vantiv Inc.The Western Union Co. said it has renewed an agreement to support digital …
August, 2022
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16 August
Eye on BNPL: BigCommerce Goes Big With Affirm; Telispire Dials up Splitit’s BNPL Option
E-commerce platform BigCommerce Pty. Ltd. is expanding its deal with installment-payment provider Affirm Inc. to now include merchants of all sizes. Additionally, the broadened deal affords merchants the ability to offer custom payment options, such as bi-weekly and monthly options for eligible customers on purchases ranging from $50 to $17,500. …
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16 August
Average ATM Withdrawals Are Bigger, But Transactions Still Lag Pre-Pandemic Levels
ATM traffic worldwide is on the rebound after two years of pandemic, but it will take years for cash withdrawal transactions to return to 2019 levels, according to “Global ATM Markets and Forecasts to 2027,” a report released this week by RBR, a London-based research firm. ATM activity declined in …
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16 August
Choice Hotels Adds Choice Direct Pay Billing Option And Other Digital Transactions News briefs from 8/16/22
Choice Hotels International Inc. launched Choice Direct Pay, which allows businesses to make reservations for employees and guests at multiple properties with billing through a centralized invoice. The service works with more than 5,000 U.S. properties.Grocery Outlet Holding Corp. announced customers can order groceries for delivery from nearly 400 stores via online-delivery …
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15 August
Forage Joins a Small Group of SNAP EBT Online Payment Processors
Organizations hoping for another choice when selecting a vendor to process their online electronic benefits transfer transactions for consumers using SNAP can now opt for Forage. San Francisco-based Forage said the U.S. Department of Agriculture approved it as a third-party payment processor for the SNAP program, the shortened term for …
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15 August
Credit Card Loans Increase for BNPL Provider Bread—But So Do Net Losses
Bread Financial Holdings Inc. on Monday released a performance update for July, indicating it posted credit card and other loans totaling $17.8 billion last month, a 12% year-over-year increase. The Columbus, Ohio-based provider of personalized payment, lending, and savings solutions said average credit card and other loans for the month …
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15 August
BankiFi Raises $4.8 Million And Other Digital Transactions News briefs from 8/15/22
Technology startup BankiFi, which seeks to enable payments and banking functions for small businesses, announced it has received a $4.8 million investment to fund its expansion into North America. Praetura Ventures led the funding round.Focused Labs, a developer of custom payments software, said it has joined the Stripe Partner Ecosystem. Stripe Inc.’s …
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12 August
FDX Seeks to Make Open Banking More Accessible With Its Standard And API
While the recent partnership between fintech Wise US Inc., which specializes in cross-border payments, and Plaid Inc. is another example of the momentum open banking is gaining globally, one overlooked element of the deal is the role the open-banking standard developed by the Financial Data Exchange played in making the …
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12 August
With New Funding, Central Payments Is Spun Out and other Digital Transactions News briefs from 8/12/22
Central Payments, a unit of Central Bank of Kansas City, completed a $30 million funding round, which was led by Castle Creek Capital and with more investment from Launchpad Capital. The funding spins the company out from Central Bank.PayGround, a digital wallet for medical bills, launched a “get healthy now, pay …
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11 August
COMMENTARY: The Strange Compatibility of Human Connection And QR Codes
At the end of 2021, comedian Grace Mulvey brought smiles to many on Twitter when she reflected on the unexpected rise of a technology that was laughed off by many. “I can’t think of anyone who has had a better year than the QR code. What a comeback.” While our …
