News

July, 2022

• 7 July

  As Amazon’s Prime Day Shopping Spree Nears, Overall Consumer Spending Grows

  

  In-store sales growth continued to outpace that of online shopping in June, though e-commerce sales may get a big boost next week. According to the Mastercard Inc. SpendingPulse report, in-store sales increased 11.7% last month over June 2021, and were up 10.7% from June 2019. And, while e-commerce sales experienced …
• 7 July

  Xplor’s New CBD Payment Service And Other Digital Transactions News briefs from 7/7/22

  

  Payments and commerce platform Xplor Technologies announced a new payment service for merchants that sell cannabidiol, also known as CBD, products.Dispute technology provider Chargebacks911 said it reached 1,000 integrated data connections on its platform.Payments-technology provider i2c Inc. has agreed to support fintech Marygold & Co.’s Tap to Pay debit Mastercard product.Prove Identity Inc. said its identity-verification …
• 6 July

  As Carr Steps Down at Beyond, Former TSYS Executive Mike Peters Takes Over As CEO

  

  Mike Peters, formerly chief executive of TSYS Merchant Solutions, is succeeding Robert O. Carr, who said last week he would step down as chief executive of Beyond Inc., the payments provider he founded in 2017. A longtime payments-industry veteran, Carr remains executive chairman of the Princeton, N.J.-based company. Peters, whose …
• 6 July

  Eye on Donations: Sionic Adds Real-Time A2A Payments; Givesmart Adds Apple Pay and Google Pay

  

  Sionic Mobile Corp., a provider of omni-commerce, consumer-to-business payments technology, has introduced online and mobile widgets that enable non-profit organizations to accept real-time, bank-to-bank donations. Donors can use the apps, dubbed Pay-by-Bank, to initiate one-time or recurring donations direct from their bank account. Two key benefits of account-to-account donations is …
• 6 July

  Uniqlo Picks Adyen And Other Digital Transactions News briefs from 7/6/22

  

  Adyen NV has been selected to process payments for Fast Retailing, operator of the Uniqlo platform of clothing stores and sites.Authentic Brands Group, which includes Eddie Bauer and Forever 21, settled a lawsuit against commerce platform Bolt. The two companies will continue to work together.The peer-to-peer payments platform Paxful Inc. has selected iProov, a provider …
• 5 July

  Usio Feels the Bite of the Crypto Meltdown, But Sees a Boost In ACH Volume

  

  Despite increasing its automated clearing house volume in June, Usio Inc.’s overall processing volume is taking a temporary hit as one of its clients, digital-asset broker Voyager Digital LLC, announced it is suspending all buying and selling of cryptocurrency though its platform. San Antonio-based Usio made the announcement about the …
• 5 July

  Seeking to Tap Into Crypto Lending, Wirex Launches Near-Instant Stablecoin Advances

  

  Cryptocurrency holders looking to leverage their assets can now get a loan of up to $100,000 in stablecoins, the digital-payments platform Wirex Ltd. announced early Tuesday. Under the new service, holders can borrow as much as 80% of the value of their crypto holdings and receive an almost immediate advance …
• 5 July

  Liability Shift Claims Solicited And Other Digital Transactions News briefs from 7/5/22

  

  The U.S. District Court for the Eastern District of New York announced merchants that incurred an unreimbursed EMV or chip fraud liability shift chargeback from Oct. 1, 2015, through Sept. 30, 2017, on a Visa, Mastercard, Discover, or American Express credit or debit card transaction can submit a claim in a pending class …
• 1 July

  How GoCardless’s Deal for Nordigen Bolsters Its Position in Opening Banking

  

  GoCardless Ltd., a specialist in the burgeoning field of account-to-account transfers, strengthened its hand Friday with the acquisition of Nordigen Solutions, a Latvian-based open-banking platform provider, for an undisclosed sum. The deal will allow GoCardless to connect to more than 2,300 banks in 31 countries to enable account-to-account payments, a …
• 1 July

  Payactiv, a Pioneer in Earned Wage Access, Scraps Access Fees Following a CFPB Action

  

  Payactiv Inc., a payments provider said to have pioneered the field of earned-wage access, said late Thursday it is scrapping its access fees. The move makes several of the company’s options, including automated clearing house transfers, “completely free,” the San Jose, Calif.-based company says. Payactiv’s action follows a move this …