News

July, 2022

• 15 July

  COMMENTARY: How Can Neobanks Keep Up? The Answer Lies in Their Edge in Tech

  

  In recent times, we have witnessed an explosion in the neobanking sector, with emerging digital-only providers benefiting from rapid digitization. Now, as this sector begins to mature, companies must find a way to retain customers that may want to transition back to traditional banking companies. To do so, businesses in …
• 15 July

  Amazon Prime Day Results And Other Digital Transactions News briefs from 7/15/22

  

  Amazon.com Inc.’s two-day Prime Day event this week racked up more than $12.09 billion in sales, up 8% from last year’s event, according to an estimate from Digital Commerce 360.Privately held payments provider Stripe Inc. reduced the internal value of its shares by 28% to about $29 per share, resulting in a valuation for the …
• 14 July

  Mitigating fraud risk for merchants with a layered approach to security

  

  By Steven Velasquez, Senior Vice President and Head of Partner Business Development for Elavon, Inc.   The rise of global eCommerce due to pandemic-related consumer behavior, disruptions to the supply chain, and the current climate of geopolitical turmoil have converged to create a perfect storm for fraudsters and cybersecurity attacks. …
• 14 July

  Car IQ’s App Looks to Bring Fueling to Sunoco Fleet Customers at Nearly 5,000 Stations

  

  Car IQ Inc. has inked a deal with petroleum company Sunoco LP to allow Sunoco’s fleet customers to purchase fuel without a credit card. Businesses, government agencies, and other organizations participating in Sunoco’s fleet program will be able to pay for gas at nearly 5,000 Sunoco stations by summer’s end …
• 14 July

  Mastercard Welcomes Open Banking Firms And Other Digital Transactions News briefs from 7/14/22

  

  Mastercard Inc. said it is expanding its Engage partner network to include open-banking firms. The first companies to join include Dwolla, FinTech Automation, i2c, Link Financial Technology, LoanPro, Nova Credit, Provenir, Synctera, Tern, and Usio Inc.Buy now, pay later processor Afterpay will offer installment payments for customers of beauty retailer Sephora. Afterpay, a …
• 13 July

  Lit on Fire by Covid, E-Commerce Will Hit $20 Trillion Globally by 2026, RBR Says

  

  It is generally accepted that the pandemic energized online commerce, but now research is starting to emerge showing just how extensive that effect has been. “Global Payment Cards Data and Forecasts to 2026,” a report released Wednesday by the London-based research firm RBR, indicates e-commerce card spending came to $7.7 …
• 13 July

  Eye On BNPL: Blackhawk Network Teams With Klarna; Zip And Sezzle Pull Plug On Merger

  

  Blackhawk Network Inc. is partnering with buy now, pay later provider Klarna AB to let consumers use Klarna’s interest-free payment solutions at physical retail locations. The deal, announced Wednesday, will enable consumers to make use of Klarna in-store for such items as groceries, electronics beauty, and more when shopping within …
• 13 July

  Adyen Brings Tap-to-Pay on iPhone to U.S. Merchants

  Apple Inc.’s long awaited tap-to-pay on iPhone technology is now live with Adyen NV merchants Vince, Burton, G-Star, and Scotch & Soda. The technology enables merchants to accept face-to-face payments using iPhones without special point-of-sale acceptance hardware. Consumers can use almost any near-field communication-enabled device, such as another iPhone, Apple …
• 13 July

  Nayax’s Self-Checkout Kiosk And Other Digital Transactions News briefs from 7/13/22

  

  Payments platform Nayax Ltd. announced the availability of the Nova Market self-checkout kiosk in its U.S. e-commerce shop. The device is aimed at micro-merchants.Open Payment Network said its application programming interface is linking Bridge Community Bank to The Clearing House Payments Co. LLC’s real-time payments network.CGI Technologies and Solutions Inc. announced that Peoples Trust …
• 12 July

  Sionic Says Its CODE Pay Brings Real-Time Payments to the Point of Sale

  

  Sionic Mobile Corp., a provider of consumer-to-business payments technology, on Tuesday launched CODE Pay a free mobile app for merchants that facilitates bank-to-bank, real-time payments at the point-of-sale. “Merchants have been looking for ways to cut costs and to get off the card network rails,” says Sionic chief executive and …