Digital Transactions Authoritative, insightful and timely information for payments professionals
Fiserv Inc. released Clover Station Solo, a point-of-sale service for full-service restaurants. It provides tools to manage front-of-house tasks, payments, online ordering, and employee scheduling.Cloud-based point-of-sale system provider Appetize launched Appetize+, a subscription plan that bundles software, hardware, payments, and support in a single monthly fee. It launched Appetize Payments in May.Payments provider Lightspeed POS Inc. said …
August, 2021
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2 August
Square Is Set to Become an Overnight Force In BNPL With Its Afterpay Acquisition
Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL. Square on Sunday announced it was acquiring Afterpay, …
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2 August
Global Payments Celebrates Its Latest Deals As Its CEO Says, ‘The Best Is Yet to Come’
Global Payments Inc. early Monday announced it will make its Netspend prepaid card services available via Amazon Web Services. While reporting a strong performance for the June quarter, the Atlanta-based processing company also said it is acquiring from Spain’s Caixabank the payments businesses of the bank’s Bankia unit. The move …
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2 August
NCR To Acquire LibertyX and other Digital Transactions News briefs from 8/2/21
NCR Corp. said it will acquire LibertyX, a cryptocurrency software provider. Its software runs on ATMs and point-of-sale systems. Terms were not disclosed. The deal is expected to close later this year.EVO Payments Inc. said it acquired Anderson Zaks Ltd., a payment gateway based in the United Kingdom. Terms were not disclosed.Paysafe Ltd. said it …
July, 2021
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30 July
MoneyGram’s Money Transfer Transactions Experience 20% Growth
MoneyGram International Inc. said its money-transfer business generated revenue of $304.9 million in the second quarter, a 20% increase from $253.1 million in the year-ago quarter. Transaction growth for the segment increased 20%, too. A full 33% of these transactions were digital, the Dallas-based payments company reported. That’s up from …
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30 July
How Google Figures a Tie-In With Marqeta Can Increase the Utility of Google Pay
Alphabet Inc.’s Google unit is betting its partnership with Marqeta Inc.to issue a tokenized virtual Google Pay card will entice consumers to use Google Pay more often for day-to-day purchases online and in-store. The new card, announced this week, allows users to make purchases with their Google Pay balance using a …
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30 July
Amazon Second-Quarter Sales Total $53.2 Billion and other Digital Transactions News briefs from 7/30/21
Amazon.com Inc. reported its sales for its online stores totaled $53.2 billion in the second quarter, up 16% year-over-year. Physical-store sales rose 11% to $4.2 billion.Cryptocurrency-payments processor BitPay Inc. said it now supports Litecoin in the BitPay Wallet app. Newegg.com is the first merchant to accept Litecoin through BitPay. Litecoin is the 13th-largest …
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29 July
Keep Your Cardholders: Compete with Buy Now, Pay Later Popularity
By Anita Lemaire, Product Executive, Global Cards and Payments, FIS The buy now, pay later (BNPL) market is expected to grow 181% by 2024, and will account for 13% of all global e-commerce payments that same year, according to the 2021 Global Payments Report by Worldpay from FIS. These post-purchase …
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29 July
Mastercard Outlines a Strong Quarter As It Pursues Strategies in Crypto, 5G, And Open Banking
As they have for rival Visa Inc., transaction volumes are continuing to improve for Mastercard Inc. as world commerce stages its recovery from the impact of the pandemic. “The strong momentum we started the year with accelerated this quarter,” chief executive Michael Miebach said Thursday morning during a session with …
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29 July
Zelle Volume up 68% and other Digital Transactions News briefs from 7/29/21
The Zelle peer-to-peer payment network processed $120 billion on 436 million transactions in the second quarter, up 58% and 68%, respectively, year-over-year, according to network operator Early Warning Services LLC.Card-present transactions at small businesses are up 83% over the pre-Covid baseline of March 2020, according to the latest CardFlight Small Business Report. The …