Digital Transactions Authoritative, insightful and timely information for payments professionals
Independent software vendors can integrate technology directly into Fiserv Inc.’s Clover point-of-sale terminals under Fiserv’s new platform-as-a-service program, the company announced.Processor Usio Inc. signed an agreement with independent software vendor BoosterHub LLC that will integrate Usio’s payment services into BoosterHub’s cloud-based software for thousands of school booster clubs.Payment gateway Cardknox Inc. said its processing capabilities can …
October, 2021
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25 October
Savvy Solutions for Small Businesses and the ISOs that Support Them
By: John Newton, Vice President, Strategic Partnerships, First American by Deluxe Root. Crux. Nitty-gritty. No matter how you say it, there are essential elements to running a business. But small business owners often get caught up in the day-to-day minutia which, despite their best efforts, can derail their success. That’s …
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25 October
A Bread Partnership Adds More Long-Term Financing Power to Sezzle’s BNPL Arsenal
As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …
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25 October
A New Report Shows Just How Many Consumers Have Adopted Digital Payments Since Covid
It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …
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25 October
Nium’s New Crypto Service and other Digital Transactions News briefs from 10/25/21
Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer …
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22 October
The CFPB’s Order Asking for Payments Data From Six Big Tech Companies Stokes Controversy
The Consumer Financial Protection Bureau order handed down Thursday that asks Google, a unit of Alphabet Inc., Apple Inc., Facebook Inc., Amazon.com Inc., Square Inc., and PayPal Holdings Inc. to turn over information about their payments products, plans, and practices has industry observers lining up on both sides of the …
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22 October
AmEx Posts a Strong Quarter As Its CEO Signals Caution on BNPL, Crypto, And Acquisitions
American Express Co. reported strong results Friday morning for its third quarter as its top executive said the company hasn’t exhausted its interest in acquisitions, though he added the New York City-based payments company is cool to the prospects for cryptocurrency as a medium of exchange. Chief executive Stephen Squeri …
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22 October
Klarna Acquires Inspirock and other Digital Transactions News briefs from 10/22/21
International payments provider Klarna Bank AB acquired Inspirock, an online trip planner used by 25 million customers annually. Terms were not disclosed.In related news, Klarna said it is working with software-as-a-service platform provider Wix.com Inc. to enable Wix’s e-commerce merchants in 17 countries to accept payments through Klarna.Processor Lightspeed Commerce Inc. expanded its Lightspeed Capital program …
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21 October
Veem Partners With Q2 Holdings to Make Digital B2B Payments More Accessible
As part of its strategy to remove friction from the accounts-payable and accounts-receivable process for small and medium-size businesses, payment-technology provider Veem Inc. on Thursday announced a partnership with Q2 Holdings, Inc., a provider of digital banking and lending solutions. Under the terms of the deal, Veem will make its …
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21 October
Plaid Launches an Initiative With Multiple Fintechs to Enable a Wider Reach for Account-Based Payments
The big open-banking provider Plaid Inc. on Thursday launched a major international campaign to support so-called account-based payments, working in league with almost 50 fintech companies and service providers in North America and Europe. The partners include long-time Plaid allies Dwolla Inc. and Square Inc., as well as new connections …
