Digital Transactions Authoritative, insightful and timely information for payments professionals
Responding to consumer demand for an easier way to shop and earn rewards online, Raise Marketplace LLC announced Thursday the launch of an in-app shopping feature for its Slide mobile app. Consumers can now connect directly through the Slide app to the company’s more than 200 merchant partners to shop, …
July, 2021
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16 July
Discover Is the Latest Card Network to Bust Into BNPL, a Market With Heated Rivalry
The buy now, pay later trend has gained enough steam that the major card networks can’t afford to ignore it. The latest evidence that the credit card giants want to hedge their bets came this week with the news that Discover Financial Services invested $30 million in Minneapolis-based Sezzle Inc., …
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16 July
Shift4 Previews Earnings and other Digital Transactions News briefs from 7/16/21
Payments provider Shift4 Payments Inc. announced preliminary results for the quarter ended June 30. It expects end-to-end payment volume—activity it processes rather than directing it through its gateway to other processors—in the range of $11.78 billion to $11.82 billion. Gross revenue will total between $345 million and $350 million.Blockchain payments and financial-services provider Circle …
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15 July
Jumping on the Contactless Trend, Intuit Tries Again to Penetrate the POS Market
Sensing that consumers’ growing preference for contactless-payments options will be permanent, Intuit Inc. on Thursday introduced its QuickBooks Card Reader for small businesses. The terminal, which integrates with QuickBooks Payments, supports what Intuit calls smart-tipping functionality. Businesses can customize three tipping options that are displayed on the card reader as …
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15 July
Microsoft Tops the 10 Most-Phished List, But Three Big Payment Brands Also Appear
Phishers trying to manipulate recipients of their ill-intended emails overwhelmingly target Microsoft Corp., according to the Brand Phishing Report for Q2 2021 from Check Point Software Technologies Ltd. Payment brands Chase, Apple Inc., and PayPal Holdings Inc. round out the report’s top 10 list for the quarter. The results indicate …
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15 July
Waystar To Acquire Patientco and other Digital Transactions News briefs from 7/15/21
Waystar, a provider of payments software for the health-care industry, announced it will buy Patientco Holdings Inc., a payments provider in the same industry. Terms were not announced, though persons familiar with the matter valued Patientco at $450 million, according to Bloomberg.Payments provider Payroc WorldAccess LLC said it has acquired DCS Holdings Group …
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14 July
Trust And Security Could Be Big Hurdles As Apple Prepares Its Entry Into BNPL
For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure. Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …
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14 July
Failed Payments Cost Banks, Fintechs, And Companies Nearly $120 Billion Last Year
As banks, merchants, and fintechs scramble to win share in the payments business, they can easily lose sight of the fact that not all payments process properly. In fact, many don’t. Some two-thirds of organizations sustain more than 20,000 failed payments each day, while the toll taken globally by all …
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14 July
Global Payments Launches TSYS Partner Program and other Digital Transactions News briefs from 7/14/21
Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …
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13 July
Mobile Specialist Miura Introduces New Terminals And Apps for North America
United Kingdom-based mobile-payment specialist Miura Systems is expanding its operations in North America through the introduction of PCI PTS v5 certified terminals, a turnkey semi-integrated payment application, and a hosted device-management system. Miura, which has deployed more than 3 million payment devices to more than 30 countries, is also beefing …
