News

February, 2022

• 14 February

  Paysafe Extends Its Reach in U.S. Sports Betting With Deals in Louisiana And Oregon

  

  The major United Kingdom-based payments processor Paysafe Ltd. has extended its reach in the U.S. sports-betting market, announcing early Monday deals to support bettors’ deposits by credit or debit card in Louisiana and Oregon. Driving Paysafe’s latest gambit in mobile sports betting includes contracts with venue-operator Caesars Entertainment Inc. and betting …
• 14 February

  F1 Payments Adopts Corvia Moniker and other Digital Transactions News briefs from 2/14/22

  

  Four-year-old payments provider F1 Payments announced it has changed its name to Corvia, effective immediately.Electronic funds transfer network Shazam announced it is offering DocuCommand, a document-management service, to client banks and credit unions.Mastercard Inc. said it expanded its partnership with Fearless Fund, a venture capital fund created by women of color for women of …
• 11 February

  Ransomware Attacks Prompt a Warning From the National Cybersecurity Alliance and PCI SSC

  

  With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC.  In 2021, …
• 11 February

  GoDaddy Payments Touts Early Growth and other Digital Transactions News briefs from 2/11/22

  

  GoDaddy Inc. said its newly formed GoDaddy Payments unit has sold more than 1,000 point-of-sale devices and taken in “tens of thousands” of applications for the service from customers of the firm’s Web services. GoDaddy in September released a countertop payment terminal and mobile card reader, following the launch of GoDaddy Payments in June. …
• 10 February

  Affirm Logs Big Gains From Its Shopify And Amazon Deals While Addressing a CFPB Probe

  

  When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …
• 10 February

  Fintech Fyncr Looks to Disrupt Bill Payment With an App That Aggregates Credit Card Bills

  

  In a bid to make it easier for consumers to pay myriad credit card bills each month, a startup called Fyncr Inc. on Thursday launched a bill-payment app that allows users to aggregate and pay their credit card bills in one application.  With the Fyncr app, credit card holders can …
• 10 February

  COMMENTARY: QR Codes for Payments Are Getting More Sophisticated

  

  That visual, machine-interface technology we all know from the grocery store is experiencing a renaissance. The first item to be marked with a Universal Product Code or barcode tracks back more than forty years. But now the technology is brand new again, expanded in form to the quick-response (QR) code …
• 10 February

  Retail Sales up 7.2% and other Digital Transactions News briefs from 2/10/22

  

  U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, …
• 9 February

  Cloudentity Joins Google Cloud Partner Advantage Program To Accelerate Open Banking

  

  As part of its strategy to enable application developers to create solutions fully compliant with open-banking regulations around the world, Cloudentity, a provider authorization technology, has joined the Google Cloud Partner Advantage program as a technology partner to Apigee, Google Cloud’s API Management platform. The partnership combines Apigee’s API management platform with Cloudentity’s …
• 9 February

  Apple Targets the Terminal Market, But Terminal Execs And Rivals Are Far From Flustered

  Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …