Digital Transactions Authoritative, insightful and timely information for payments professionals
Given the wild success of buy now, pay later loans, it’s no surprise fraudsters have found a way to get in the game. To help card issuers offering BNPL installment options post-purchase reduce the risk of fraud, Outseer, an authentication subsidiary of Bedford, Mass.-based data-security services provider RSA, on Wednesday …
February, 2022
-
3 February
Faster Payments And B2B Propel a Big Year for the ACH As Dollar Volume Tops $72 Trillion
The pandemic has “fast-tracked” adoption of the automated clearing house network for business-to-business payments, while transactions cleared and settled through the network on the same day they’re initiated are booming, according to full-year 2021 numbers released Thursday by Nacha, the governing body for the nationwide network. The annual results complement …
-
3 February
Small Businesses Mostly Pleased With Their Acquirers and other Digital Transactions news briefs from 2/3/2022
Small-business satisfaction with merchant processors stands at 859 on a scale of 1,000, up 23 points from 2021, according to the J.D. Power 2022 U.S. Merchant Services Satisfaction Study. Banks lead the way in the survey, with Bank of America and Chase ranking first and second, followed by Square.Payments provider Payliance announced it …
-
2 February
Zelle Rides a Rising Wave, Posting Strong Gains in ’21 in Transactions And Dollar Volume
Spurred by rising demand from consumers and businesses alike for real-time digital payments, the peer-to-peer payments service Zelle continued to post strong double-digit growth in transactions and dollar volume in 2021. The bank-owned network, operated by Early Warning Services LLC, reported its latest results early Wednesday. Consumers and businesses sent …
-
2 February
Nayax’s New Vending Options and other Digital Transactions news briefs from 2/2/2022
Nayax Ltd., a payments processor for vending machines, announced it has launched an EMV-compliant platform allowing multiple choices with a single transaction authorization.Hospitality-technology provider Bite Ninja said it has acquired Zenu, a provider of ordering and payment technology for restaurants. Terms were not announced.BlueOne Card Inc. said it is launching its BlueOne Card, …
-
1 February
PayPal Logs A Strong Quarter As It Shifts Its Strategy to Boost User Engagement
As all payments companies know, some active accounts are more active than others. On Tuesday, PayPal Holdings Inc.’s top executives made it plain the company’s 2022 priority is to emphasize—and pour money into promoting—accountholder activity. “The shift is, we’re not going to throw marketing dollars at low-value customers coming in,” …
-
1 February
Block Closes on Afterpay, And Square Rolls It Out To Sellers in the U.S. And Australia
Five months after announcing its deal to acquire buy now, pay later provider Afterpay Ltd., Block Inc. is making Afterpay available to Square sellers in the United States and Australia. The move comes as Block, Square’s parent company, officially closed the Afterpay acquisition on Monday. Block agreed to buy Afterpay …
-
1 February
Silvergate’s Deal for Diem’s Assets Caps a Troubled Saga for the Facebook-Initiated Venture
Silvergate Capital Corp. late Monday confirmed widespread reports that it has acquired assets from the stablecoin venture Diem Group. The deal, valued at $182 million in cash and stock, includes Diem’s intellectual property and “other technology assets related to running a blockchain-based payment network,” according to the announcement. The La …
-
1 February
Trust Payments Acquires Retail Tech Firm and other Digital Transactions News briefs from 2/1/22
Trust Payments Ltd., a payments provider in the U.K., European Union, and U.S. markets, announced it has acquired retail-technology company WonderLane Solutions Ltd. Terms were not announced.In related news, Trust Payments is the first client to go live on a payments platform created by cryptocurrency specialist Ripple Labs Inc. and Moduir Finance …
January, 2022
-
31 January
Eye On Restaurant POS: Full-Service Eateries Rebound As They Adopt New Payments Tech
Full-service restaurants, one of the hardest-hit merchant segments at the outset of the Covid-19 pandemic, showed signs of a rebound in 2021, according to research by TouchBistro Inc., a provider of POS and restaurant-management applications. Findings from TouchBistro’s third annual “State of Full-Service Restaurants Report” reveals that 74% of full-service restaurants …
