Digital Transactions Authoritative, insightful and timely information for payments professionals
The opportunity in online wagering, sometimes called iGaming, is attracting a wide array of payments providers as they adapt their online payments-processing capabilities for this emerging market. On Monday, PayNearMe Inc. launched MoneyLine, a service intended to make it easier for players to receive payouts and make deposits into their …
October, 2021
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4 October
Google Drops Bank Account Ambitions and other Digital Transactions News briefs from 10/4/21
Google, a unit of Alphabet Inc., dropped its plans to offer banking services to consumers, The Wall Street Journal reported late Friday. Google announced in November it intended to debut Plex, a mobile-first bank account integrated into Google Pay.Payments provider Park Place Payments said it will pay $500 to clients that drop the service within the …
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1 October
What Can Payments Execs Expect From Chopra’s CFPB? ‘Very Aggressive Regulating,’ Say Some
Payments observers are expecting a tougher regulatory approach from the Consumer Financial Protection Bureau with the confirmation on Thursday of Rohit Chopra as executive director of the 10-year old federal agency. “The agency will likely return to the days of director Cordray,” predicts one close observer who asked not to …
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1 October
Payroc Adds Installment Payments Service and other Digital Transactions News briefs from 10/1/21
Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …
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1 October
COMMENTARY: The Holidays Are Coming, But Transaction Fraud Doesn’t Take Holidays
Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …
September, 2021
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30 September
Helping Businesses Increase Profits with Cash Discount Programs
By John Buchanan, Vice President of Sales, Agile Financial Systems There’s no doubt last year’s pandemic crippled sales and brought hardship to many businesses, and unfortunately, many had to close their doors for good, while others had to impose additional surcharges to stay afloat. While credit cards are extremely convenient …
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30 September
As States Give the Nod to Sports Betting, Paysafe Adds Fubo Gaming to Its Roster of Clients
Paysafe Group Holdings Ltd. extended its foray into the booming sports-betting industry, announcing a partnership Thursday with Fubo Gaming, a Chicago-based subsidiary of live TV-streaming platform fuboTV Inc. Fubo Gaming’s mobile sportsbook and Fubo Sportsbook applications will plug into Paysafe’s platform for credit and debit card payments, the Skrill USA …
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30 September
Account Takeover Attacks Are Taking a Toll on Financial Services Firms, Sift Reports
Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …
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30 September
Fiserv’s Big Plans for New Jersey and Digital Transactions News briefs from 9/30/21
Processor Fiserv Inc. said it will open a new office building in New Jersey that will include 428,000 square feet of space and accommodate approximately 3,000 employees.In related news, Visa Inc. said it will open a new office in Atlanta next year. The company expects the new space to accommodate approximately 1,000 employees over …
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29 September
PayPal Adds Staples to Its List of ‘Return Bars’ for Its Happy Returns Service
As part of its efforts to extend its contact with consumers and merchants beyond checkout, PayPal Holdings Inc. announced Wednesday that Staples Inc. has become the latest merchant partner to serve as a return center for its Happy Returns in-person return service. Staples will roll out the service at its more …
