Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider Priority Technology Holdings Inc. completed its acquisition of Finxera Holdings Inc., a provider of banking-as-a-service software. Terms of the deal, which was announced in March, were not announced.Payment-fraud prevention provider Inetco Systems Ltd. launched BullzAI, a single technology combining a Web application firewall with a real-time fraud-detection and blocking system.The Tampa Hillsborough …
September, 2021
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17 September
Contactless Payment Rises—And So Do Back-to-School Purchases—PSCU Report Shows
Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit …
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17 September
The U.K.’s Curve App Launches a Buy Now, Pay Later Feature Called Curve Flex
Hot trends tend to spin off related innovations, and now it looks like buy now, pay later is no exception. The London-based fintech Curve OS Ltd. on Thursday unveiled Curve Flex, a service that lets users convert any Curve transaction into an installment plan with the swipe of a button …
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17 September
Worldpay To Process GOL Transactions and other Digital Transactions News briefs from 9/17/21
GOL Linhas Aereas Inteligentes S.A., said to be Brazil’s largest domestic airline, has chosen FIS Inc.’s Worldpay unit for payments processing in the 38 global market where the airline operates.Zum Rails, a provider of payments and open-banking software, launched anti-fraud technology for its Instant Deposit feature, which is enabled by Visa Direct.Humbl …
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16 September
Dwolla Partners With Metromile to Enable Digital Insurance Claims Payments
Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House …
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16 September
Chase Merchant Services Scores a U.S. Collaboration With Alipay to Process for Alibaba.com
The biggest U.S. processor of card transactions announced on Thursday it has started processing credit card payments in the U.S. for the massive Alibaba.com online marketplace. As part of the arrangement, J.P. Morgan Merchant Services said it is working with the mobile and online payments provider Alipay to manage transactions …
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16 September
Square Enters Spain and other Digital Transactions News briefs form 9/16/21
Square Inc. launched its Early Access Program for beta testing in Spain. The program allows select businesses and freelancers to access Square technology. The move marks Square’s entry in the Spanish market.Sky Systemz, a business-to-business software company, launched Sky Paymentz, a service to enable businesses to accept payments in person, online, …
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15 September
BNY Mellon Teams Up With Verizon And Citibank to Offer Real-Time Bill Payment
Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect. The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …
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15 September
COMMENTARY: The Post-Covid Silver Lining for Retail Data Commerce
Like a coiled spring, consumer demand is set to explode once social, entertainment, and shopping restrictions are lifted. Retail and hospitality will be the first to benefit as consumers seek to make-up for lost ground. But has Covid left businesses too weak to reap the rewards or has it helped …
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15 September
Visa’s 16 Million SMB Tally and other Digital Transactions News briefs from 9/15/21
Visa Inc. announced it has helped enable an estimated 16 million small businesses globally for digital payments, reaching 30% of its goal to so enable some 50 million small concerns.The Goldman Sachs Group Inc. said it will acquire GreenSky Inc., a provider of payments and loans at the point of sale for more …