News

July, 2022

• 28 July

  It’s Too Soon To Know Impact of New Routing Proposal, Mastercard Says

  

  Mastercard Inc. executives are paying close attention to a new proposal in the U.S. Congress that could alter merchant choice in routing credit card payments. Concurrently, its earnings are riding the crest of a wave that includes consumer spending and the resurgence in travel. A bipartisan bill sponsored by senators Richard …
• 28 July

  Experts Differ on the Consequences of Durbin’s Latest Effort to Control Merchants’ Card Costs

  

  With a pair of U.S. Senators preparing to introduce a bill that would allow merchants to process Visa and Mastercard credit card payments over other networks, payments experts reached by Digital Transactions News are sharply divided on the idea. The bipartisan bill, sponsored by Richard Durbin, D-Ill., and Roger Marshall, …
• 28 July

  Daystar Aims for 1,000 ISOs And Other Digital Transactions News briefs from 7/28/22

  

  Daystar Payments has launched as a payments processor aiming to sign 1,000 independent sales organizations by the end of 2023, with a focus on attracting minority-owned businesses.Weave, a provider of customer-communication technology, launched a buy now, pay later platform for health-care providers. The company introduced a payment-processing platform in late 2019.The Strawhecker Group, …
• 27 July

  MX Expands Its Open Banking Footprint Via Deals With Sionic And FuturePay

  

  MX Technologies Inc. has expanded its reach into the emerging field of open banking through partnerships with Sionic Mobile Corp., a provider of consumer-to-business payments technology, and FuturePay Inc., a provider of digital revolving credit solutions for e-commerce merchants and their customers. Sionic is embedding MX’s instant account-verification and account-aggregation …
• 27 July

  Facilitating omnichannel payment solutions is essential to meet consumer demands

  

  By Dustin Siner, Chief Revenue Officer, Agile Financial Systems   The COVID-19 pandemic accelerated an entirely new normal within the payments industry. Pandemic-related restrictions forced businesses to adapt accordingly, unveiling a retail experience where consumers had the ability to transact at any point, across multiple channels and devices, wherever and …
• 27 July

  Visa’s Kelly Touts Visa Direct to Attack P2P Fraud As the Network Reports a Strong Quarter

  

  Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …
• 27 July

  Mobile Payment Use Increases and other Digital Transactions News briefs from 7/27/22

  

  Consumers making a mobile payment at least once a week increased to 58% in the first half of 2022, compared with 46% in the same period in 2021, according to ACI Worldwide Inc.’s latest 2022 ACI Speedpay Pulse survey.E-commerce specialist Signifyd said a survey it commissioned found that 66% of respondents cut back their …
• 26 July

  Solutions + Service = Success

  

  Removing price from the sales equation By John Newton Vice President, Strategic Partnerships at First American by Deluxe “Don’t raise your voice. Improve your argument.” This quote by Desmond Tutu proposes that raising your voice is a sign of weakness; an indication that you did not prepare properly, which leaves …
• 26 July

  Clover And Carat Help Propel Strong Results for Fiserv

  Merchant acquiring is Fiserv Inc.’s largest and fastest-growing business, and in the second quarter it showed no signs of slowing down. Driven by technologies like Clover, a set of point-of-sale gear, and Carat, a fast-growing commerce platform, the acquiring unit posted $1.9 billion in revenue in the quarter ended June …
• 26 July

  Amazon.com Launches a Digital Wallet to Simplify Money Management For Sellers

  

  To help sellers more easily manage proceeds from sales on their Amazon stores and expand their business globally, Amazon.com Inc. late Monday launched a digital wallet that allows sellers to hold, view, and transfer funds from sales on the marketplace directly to their bank accounts. The wallet, which Amazon announced …