News

February, 2022

• 25 February

  Phishing Attacks Hit a Record High in the Fourth Quarter, the APWG Says

  

  Phishing attacks in December totaled 316,747, the highest monthly total ever recorded by Anti-Phishing Working Group, (APWG) since it began tracking the cybercrime in 2004. Overall, the number of phishing attacks has tripled from early 2020, when the APWG was observing between 68,000 and 94,000 attacks per month. The APWG, …
• 25 February

  MoneyGram Posts $1.3 Billion in 2021 Revenue and other Digital Transactions News briefs from 2/25/22

  

  MoneyGram International Inc., which is being acquired by private-equity player Madison Dearborn for $1.8 billion, said it had fourth quarter revenue of $324.6 million, a 0.4% increase from $323.3 million in the 2020 fourth quarter. Net income for last quarter of 2021 was $4.2 million, a 37% decrease from $7.3 million …
• 24 February

  How Block’s Afterpay Deal Could Energize Its Seller And Cash App Businesses At the Same Time

  

  With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
• 24 February

  For Many Consumers Gift Cards Remain Their Preferred Gift, a Fiserv Survey Says

  

  Sales of gift cards in the United States remained steady in 2021, with 73% of consumers purchasing the same number of cards, or more, compared to a year earlier, says a report from Fiserv Inc.  Online merchants were the biggest beneficiaries, with 53% of respondents saying they purchased a gift …
• 24 February

  Olo Pay Entices Restaurants With a Digital Ordering App That Stores Checkout Credentials

  

  Olo Pay is a new digital ordering platform for restaurants that soon will enable consumers to order and pay with the same payment data at different establishments without having to create unique credentials for each one. Dubbed borderless payments, this element is part of the newly launched Olo Pay from …
• 24 February

  Tipalti Volume Tops $36 Billion and other Digital Transactions News briefs from 2/24/22

  

  Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
• 23 February

  EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A

  

  EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions.  “As we move further into 2022, we look forward to closing our acquisition in Greece …
• 23 February

  Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online

  

  More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …
• 23 February

  TreviPay To Acquire Baton Financial and other Digital Transactions News briefs from 2/23/22

  

  Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …
• 22 February

  Sling TV Adds Crypto Acceptance Through BitPay

  

  Cryptocurrency’s steady march toward becoming a mainstream payment option took another step with Sling TV’s acceptance of seven digital currencies and five stablecoins through BitPay Inc. The deal, announced Monday, will enable existing subscribers of the streaming television service to pay their monthly subscription fee with cryptocurrencies including Bitcoin, Ethereum, …