Digital Transactions Authoritative, insightful and timely information for payments professionals
Vending-payment specialist Cantaloupe Inc. on Friday reported record revenue of $49 million for the June quarter, a 50.2% increase over the same period a year earlier, and a 14.6% increase from the same period in 2021. Equipment revenue totaled $10.8 million during the quarter, a more than 100% increase from …
September, 2021
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3 September
AmEx Deepens Its Ties in China Via an Acquiring Agreement With Leshua Technology
U.S. payments networks continue to cultivate their connections to what is for them a potentially massive market in China. In the latest development, Leshua Technology announced early Friday it will support acquiring for American Express Co.’s joint venture in China. AmEx last year became the first foreign payments company to win …
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3 September
Biometric ID Checks Swell as Digital Payments Grow and other Digital Transactions News briefs from 9/3/21
Accelerated adoption of digital payments during the pandemic helped drive up biometric identity checks by a factor of 20 for ComplyCube in the first half of the year compared to the same period in 2020, said the company, which specializes in anti-money-laundering and know-your-customer compliance.Park Place Payments said it signed with acquirer Payroc …
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2 September
The United Kingdom’s Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market
Zilch Technology Ltd. is preparing to become the latest entrant in the U.S. buy now, pay later market. The move hinges on the London-based company’s acquisition of San Francisco-based debt-funding platform Neptune Financial & Management Services LLC (NepFin), a deal Zilch announced on Thursday. The terms were not disclosed. The …
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2 September
Walgreens Moves into Banking With Its Scarlet Bank Account And Debit Card Debut
Giant pharmacy chain Walgreen Co. is getting into the banking and debit card business with the launch of Scarlet. Announced Thursday, Scarlet is a Mastercard-branded debit card issued by MetaBank. InComm Payments provides the system for the account. Scarlet works like most bank accounts and is designed to help accountholders …
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2 September
Subscription Fees Are up 15% and other Digital Transactions News briefs from 9/2/21
U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
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1 September
Adoption of The Financial Data Exchange’s API Surges To New Heights
The Financial Data Exchange (FDX), a non-profit standards body for providers of open-banking and open-finance applications, announced on Wednesday that the number of consumer accounts using its application programming interface has swelled to 22 million, up from 16 million in April, an increase of more than one million accounts per …
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1 September
Eye on ACH: Same-Day Transactions Soar; Certegy’s Mobile Remote Capture for Vendors
Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …
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1 September
Mercari Picks Zip’s BNPL Option and other Digital Transactions News briefs from 9/1/21
Mercari, an online marketplace for second-hand goods, said consumers can use buy now, pay later services from Zip Co., formerly Quadpay, on its Web site.Buy now, pay later specialist Uplift Inc. said consumers who book with Sixthman, a music-festival organizer on cruise ships, can pay for their tickets in monthly installments. Sixthman is …
August, 2021
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31 August
Astra Partners With Plaid to Make It Easier for Developers to Add Automated Transfers
As part of its strategy to remove friction from automated bank transfers, Astra Inc., a provider of bank-to-bank transfer technology, is partnering with open-banking platform provider Plaid Inc. The partnership will make it easier for software developers to embed automated bank transfers into their applications by enabling them to use …
