News

July, 2022

• 12 July

  Contactless Payment Cements Itself in Transit Payments

  

  Transit riders have made one aspect of their mobility routines abundantly clear. They want to use contactless payments to pay as they commute to work or ride to the beach. A full 91% of transit users in the second Future of Urban Mobility Survey from Visa Inc. either strongly or …
• 12 July

  E-Commerce Sales up 7.5% so Far And Other Digital Transactions News briefs from 7/12/22

  

  U.S. consumers have spent $451.7 billion online through June, a 7.5% year-over-year increase, Adobe Inc. said in its Adobe Digital Price Index.Payments association EPCOR announced its acquisition of the Central Oklahoma Clearing House Association, which includes its fraud alert and settlement service. Terms were not disclosed.Payments provider Digital River said it will integrate its Global Seller …
• 11 July

  Eye on Real Estate: Bank Shot Adds Digital Checks; Prometheus Launches Crypto

  

  Mobile-payment solution provider Bank Shot has added support for digital-check acceptance in the real-estate market. The new feature will enable consumers to initiate an earnest-money or rent payment via a digital check. In addition, real-estate brokers, title companies, and property managers can use Bank Shot to pay realtor commissions. Bank …
• 11 July

  With P2P Payments Booming, U.S. Senators Spotlight Consumer Losses to Fraud

  

  Consumers’ loss of funds to fraud and other deceptive activity on peer-to-peer payment networks has drawn the attention of U.S. Senators, who are demanding answers on the matter from the big banks that own the Zelle P2P network. The senators’ actions come as P2P activity has boomed in response to …
• 11 July

  Argyle Payments Launches And Other Digital Transactions News briefs from 7/11/22

  

  Payments professionals Joseph Daly and Eric Kellogg announced they formed Argyle Payments LLC, an independent sales organization that will focus on small and midsize merchants in high-margin specialty markets.Buy now, pay later provider Klarna AB closed on an $800-million funding round aimed at bolstering its stance in the U.S. market. The round values the …
• 8 July

  North American Bancard Partnership with PayTrace Offers Exciting Ecommerce, B2B Opportunities

  

  With the demands placed on ecommerce and business-to-business payments, it is only fitting that merchants rely on a gateway with expert-level knowledge and years of experience. PayTrace, which North American Bancard acquired earlier this year, has maintained such Level-2, Level-3, and B2B expertise for more than 16 years. Now, with …
• 8 July

  EMS Expands Service Offerings By Taking a Majority Stake in Paysley

  

  Merchant processor Electronic Merchant Systems announced Thursday that it has taken a majority stake in Paysley, a contactless payments software specialist that enables merchants to send payment requests and QR codes to customers’ mobile phones. Terms of the deal were not disclosed, but EMS chief executive Dan Neistadt tells Digital Transactions …
• 8 July

  An Insurance App Offers Crypto Rewards for Premium Payments

  

  A mobile wallet that allows users to shop and pay for insurance has added a rewards program that offers cryptocurrency based on premium payments. Marble, a New York City-based company that started up in 2020, says it has integrated its wallet with Gemini, a crypto exchange, to let users redeem …
• 8 July

  Nuvei Notes Online Gaming Integration and other Digital Transactions News briefs from 7/8/22

  

  Payments provider Nuvei Corp. said it is integrating with GAN Ltd., a provider of Internet-gaming technology, to allow gaming operators to access Nuvei’s payments services.Point-of-sale system maker Toast Inc. said it acquired Sling, a business-management platform. Terms were not disclosed.American Express Co. and the National Trust for Historic Preservation announced 25 independent U.S. restaurants that …
• 7 July

  Eye On Acquiring: Deluxe Expands Processing; Nuvei Signs Delivery Platform WeCook

  

  Deluxe Corp. announced on Thursday a deal with Dupaco Community Credit Union to process transactions for its business clients using its First American by Deluxe service. The Madison, Wis.-based credit union has more than 120 business clients. The service will also be made available to new Dupaco business customers, Deluxe …