News

January, 2022

• 11 January

  Cash Still Looms Large for Merchants. Brink’s Is Signing Processors to Tackle the Issue

  

  Lost in much of the conversation about digital payments, particularly since the onset of the pandemic, is what to do about the cash merchants take in. The Brink’s Co., which has been hauling and securing cash since 1859, says it has an answer, and on Tuesday it announced it also …
• 11 January

  PayNearMe Gets NY Sports Betting OK and other Digital Transactions News briefs from 1/11/22

  

  Sports-betting payments specialist PayNearMe Inc. said it has gained approval from the New York Gaming Commission to provide its MoneyLine platform to licensed operators in that state.Fly Now Pay Later, a buy now, pay later provider for travel services, closed a $75 million debt funding round from Atalaya Capital Management that will …
• 10 January

  Restaurant Chain Checkers Rolls Out an AI-based Voice Ordering System

  

  As part of its drive to increase operating efficiency, Checkers Drive-In Restaurants Inc. is rolling out an artificial intelligence-based voice-automated ordering system. The system will enable consumers to place orders at the drive-thru lane of corporate-owned Checkers and Rally’s restaurants without the assistance of a restaurant employee. Checkers, which specializes …
• 10 January

  The ETA Urges Rules That Foster Innovation in Crypto, CBDCs, And Other Major Issues

  

  Central bank digital currencies, cryptoassets, and privacy are three major priorities for the Electronic Transactions Association in 2022, the payments industry’s top lobbying group announced late Friday. All three are hot-button topics featuring strong opinions on opposing sides, presenting the payments industry with an uncertain roadmap for navigating the issues …
• 10 January

  Prepaid Card Volume Forecast and other Digital Transactions News briefs from 1/10/22

  

  Transactions on prepaid cards worldwide reached $2.3 trillion last year and will exceed $4.1 trillion in 2026, according to Juniper Research. Over the same time span, fee revenue will grow from $22 billion to $32 billion.Payments fintech AppTech Payments Corp. said it closed on a $15-million public offering and announced its listing on the …
• 7 January

  Most Financial Services Firms Report Increases in Fraud Targeting Mobile

  

  With mobile-device use firmly ingrained in consumer behavior, it’s little wonder that fraudsters are following these consumers. That’s very apparent in the latest LexisNexis Risk Solutions report, which found 98% of financial-services firms it surveyed reported that fraud targeting mobile has increased. These increases also meant the cost of the …
• 7 January

  New Data From Mastercard Confirm the Explosion in Online Volume Is Still in Progress

  

  E-commerce was hitting its stride before the pandemic, but two years later it’s clear sales volume via desktop and mobile devices is exploding. Online sales in the United States jumped fully 60.4% in December compared to December in 2019, according to the latest SpendingPulse report from Mastercard Inc., released late …
• 7 January

  U.S. Bank’s Real-Time Bill Payment for Consumers Coming and other Digital Transactions News briefs from 1/7/22

  

  U.S. Bank said it will launch in the first quarter a real-time payments component to its bill service. It will use the Request for Payment tool that is part of The Clearing House Payments Co. LLC’s Real Time Payments service. The same service launched for U.S. Bank business customers in November.Cloud-software …
• 6 January

  PayFacto Strengthens Its Hand in Restaurant POS With an Acquisition of Online Ordering App iShop

  

  PayFacto Inc., a payment solutions provider specializing in the hospitality industry, announced Thursday the acquisition of iShop, a technology provider for restaurants. The deal, for which terms were not disclosed, gives Montreal-based PayFacto an in-house online-ordering solution, something the company found was missing in its technology stack. As a result, …
• 6 January

  Eye on Crypto: CSI Ushers Community Banks Into Bitcoin; MoneyGram Invests in Coinme

  

  Dismissed until recently by many in the payments industry as a fantasy, cryptocurrency as a payments medium continues to step toward center stage. Early Thursday, transaction processor Computer Services Inc. said it will work with NYDIG to help community banks support their customers who want to buy, sell, or hold …