Digital Transactions Authoritative, insightful and timely information for payments professionals
PayPal’s boss made a declaration Wednesday afternoon that may have been as much a warning to incumbent merchant acquirers as it was a promise to storefront merchants. Referring to PayPal’s new transaction pricing schedule, expected to go into effect Aug. 2, chief executive Dan Schulman made it clear PayPal will …
July, 2021
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28 July
Why B2B is the next big market for digital payments
Digital payments have revolutionized consumer markets – and B2B has just as much to gain The momentum driving the digital payments revolution has come predominantly from consumers, who are demanding faster, more varied and more convenient ways to pay. Digital payments have delivered on expectations, creating a fast, frictionless payment …
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28 July
Eye On Open Banking: Plaid Partners With Nymbus, And MX Works With Dwolla to Reach All Accounts
As open banking continues to gain momentum, providers of the technology continue to grow their ecosystem of partners to make it easier for financial institutions to validate accounts and the availability of funds within an account. Nymbus, a provider of banking-technology solutions, has partnered with Plaid Inc. to authenticate and fund …
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28 July
Euronet’s Revenue Jumps 35% and other Digital Transactions News briefs from 7/28/21
Euronet Worldwide Inc., a Kansas-based company that provides digital-payments services in Europe, reported second-quarter revenue of $714.7 million, up 35% year-over-year.Chargebee Inc., a subscription and recurring-billing platform, announced an update that includes automated usage-based billing, dedicated data centers, item-level discounts, and new checkout features.IR, whose technology enables merchants to analyze …
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28 July
Contactless is King
If you’re not offering contactless solutions or online ordering to your current book of business, what’s holding you back? By: Angela Carranza, Manager, Strategic Partnerships, First American Payment Systems As recently as 2018, contactless payment technology was in its infancy in the United States, with just 0.18%* of POS transactions …
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27 July
Volumes Soar for Visa As the Payments Network Looks to Its Next Move in Open Banking
The big network executives aren’t quite ready to come right out and say it, but they’re certainly coming close to declaring their systems are just about at pre-pandemic performance levels. The latest example came Tuesday afternoon, when Visa Inc.’s results for the quarter ended June 30 prompted chairman and chief …
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27 July
Eye on Acquiring: Shift4 Adds the United Center, And OLB Dives Deeper Into CBD
Shift4 Payments Inc. continued its expansion into sports and entertainment venues Tuesday, announcing that it will provide payment processing for Chicago’s United Center, home to the National Basketball Association’s Chicago Bulls and the Chicago Blackhawks of the National Hockey League. The payments offering relies on Shift4’s VenueNext technology. Shift4 said …
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27 July
Fiserv’s Acquiring Unit Rides to New Heights on the Back of Tech Like Clover and Carat
If there are lingering doubts about a big comeback for the big merchant processors, Fiserv Inc. may well have dispelled them early Tuesday with results showing 43% second-quarter growth in revenue year-over-year for the company’s merchant-acceptance unit. That performance comes on top of a near-doubling in payment volume for the …
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27 July
Nacha Volume Increases 10% and other Digital Transactions News briefs from 7/27/21
Nacha, the governing body for the automated clearing house system, said the ACH network processed 7.3 billion payments in the second quarter, a 10% increase from 6.6 billion payments in the same period a year ago. Particularly strong growth in business-to-business payment volume helped boost the result. Nacha said that …
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26 July
Consumer Adoption of Contactless Payments Continues to Surge, Says Latest CardFlight Report
Nearly 18 months into the Covid-19 pandemic, consumer usage of contactless payments continues to grow, according to the most recent CardFlight Small Business Report. During the week ending July 18, contactless transactions increased 597.7% from the March 2020 baseline period. Contactless usage has been steadily increasing on a weekly basis …