News

August, 2024

• 23 August

  A Crypto Exchange Adds Apple Pay And Google Pay As Payment Options

  

  Bitget, a cryptocurrency platform that allows investors to buy and trade cryptocurrencies and altcoins, has expanded the payment options for its digital wallets to include Apple Pay and Google Pay. The addition of Apple Pay and Google Pay, which have a combined user base of more than 650 million, is …
• 23 August

  A New Fraud Tool Clusters Attack Patterns Across Industries

  

  The ever-shifting attacks from online criminals has prompted Sift to launch ThreatClusters, a tool to detect similar fraud patterns across industries to better identify risk patterns. San Francisco-based Sift says traditional fraud-detection models too narrowly focus on a single organization’s data or apply insights too broadly across diverse industries. It …
• 23 August

  Affinity Plus Adds FedNow and RTP and other Digital Transactions News briefs from 8/23/24

  

  Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …
• 22 August

  InvoiceASAP Partners With Adyen on Instant Payouts As Real Time Processing Unfolds

  

  InvoiceASAP Inc., a provider of invoicing and payment technology for small and medium-size businesses, has partnered with Adyen NV to provide merchants instant access to deposited funds. InvoiceASAP will leverage Adyen for Platforms, an end-to-end payments and customer-experience platform, to offer its 23,000 merchants immediate access to pending funds and …
• 22 August

  Ransomware Demands Averaged $1.6 Million in Second Quarter, a New Report Says

  

  Ransomware is a sobering item on every organization’s list of things to worry about. New data shows it might be more problematic than ever as the average ransomware demand reached $1,571,667 in the second quarter, more than double the average in the first quarter, according to “Q2 2024 Cyber Threat …
• 22 August

  U.S. Bank Acquires Salucro and other Digital Transactions News briefs from 8/22/24

  

  U.S. Bank has acquired Salucro Healthcare Solutions LLC, a 20-year-old provider of payments and billing technology for the health-care industry. Terms were not announced. The bank first invested in Salucro in 2022 and has sold its services through Elavon, the bank’s payments entity, as a product called MedEpay. Relay Payments, a …
• 21 August

  SocketMobile Rolls Out a Reader for a Growing Market in Payments Triggered by QR Codes

  

  SocketMobile Inc., a provider of mobile data-capture solutions, has launched a countertop QR-code payment reader to enable consumer-presented QR-code operations. The device, called the SocketScan S320, was developed in response to consumer demand for QR-code technology at the point-of-sale, the company says. The global payment market for QR codes totaled …
• 21 August

  As EV Charging Stations Spread, BlueSnap Links With EV Connect for Payments Processing

  

  The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …
• 21 August

  Jack Henry Revenue up 4.7% and other Digital Transactions News briefs from 8/21/24

  

  Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …
• 20 August

  Payment Orchestration Platforms Now Must Figure Ways to Set Themselves Apart, a Report Warns

  

  As competition among payment orchestrators heats up, providers looking to separate themselves from the pack find themselves under pressure to offer points of differentiation, according to Datos Insights’ “Payment Orchestration Vendor Evaluation” report, released Tuesday. One key differentiator for payment orchestrators is smart payment routing, according to the report. This …