Digital Transactions Authoritative, insightful and timely information for payments professionals
The white-hot buy now, pay later market got even hotter Tuesday as Visa Inc. announced an expansion of its Visa Ready program with Visa Ready for BNPL. More than 20 partners are now live on Visa Ready for BNPL, including ACI Worldwide Inc., CyberSource Corp., FIS Inc., Marqeta Inc., and …
May, 2022
-
10 May
An Appetite for Faster Payments Grows as the ACH Payment Limit Expands to $1 Million
While the payments industry reckons with the arrival of real-time settlement capability, an appetite among financial institutions for faster payments in general has clearly emerged. Dollar volume on the automated clearing house network for transactions settled on the same day grew 53% in March compared to February, following the introduction …
-
10 May
Paying Rent with Crypto and other Digital Transactions News briefs from 5/10/22
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
-
9 May
Paysafe Expands Its iGaming Footprint in The U.K. And Europe in a Deal With Playtech
Focused on iGaming as a growth strategy, Paysafe Ltd. announced Monday it is expanding its relationship with Playtech plc, a provider of gambling software, to the United Kingdom and Europe. The deal builds off the two companies’ existing relationship in United States. The deal will allow iGaming operators in the U.K. …
-
9 May
Bigger Tickets, Savvier Consumers, Higher Losses: It’s All Part of BNPL 2.0, Some Say
At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
-
9 May
Fiserv Adds Loyalty Option and other Digital Transactions News briefs from 5/9/22
Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …
-
6 May
A Pickup in Cash App Usage Helps Propel Block’s First-Quarter Results
Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …
-
6 May
Card Spending Increased 13% in April and other Digital Transactions News briefs from 5/6/22
Bank of America Institute reported that credit and debit card spending by BofA credit and debit cardholders increased 13% in April compared to the same month in 2021. Credit card dollar volume rose 22%, while spending on debit cards was up 6%. Combined transactions increased 8%.Some 43% of consumers would use …
-
6 May
COMMENTARY: Small Business Revenues Are Up, But New Challenges Emerge
Kabbage from American Express has been tracking recovery trends and the growth outlook for U.S. small businesses. Polling 563 small-business leaders, our latest installment exhibits how small businesses are adapting to a shifting market as they look beyond pandemic-wrought challenges, adjust for inflation, and modify hiring approaches. Small businesses are preparing …
-
5 May
Lightspeed Leverages a Single Platform That Enables POS And E-Commerce Payment Channels
Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions. The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …
