Digital Transactions Authoritative, insightful and timely information for payments professionals
Shopify Inc. is making Shop Pay, its one-click checkout engine, available to all merchants selling on Facebook, Instagram, and Google, including those that don’t use the Shopify e-commerce platform to manage their online stores. It is the first time a Shopify product has been made available to non-Shopify merchants, the …
June, 2021
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16 June
Visa Brings Its Tap to Phone Payments to U.S. Merchants in a Pilot
Visa Inc. is bringing a point-of-sale payment-acceptance application that uses commercially available consumer smart phones on tour to U.S. small businesses, it announced Wednesday. Using a smart phone from ZmBizi LLC loaded with the POS app, 50 small businesses in Washington, D.C., will be able to accept payments without having …
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16 June
Repay Closes on BillingTree Deal and other Digital Transactions News briefs from 6/16/21
Payments provider Repay Holdings Corp. closed on its $503-million cash-and-stock acquisition of BillingTree, an 18-year-old payments-technology provider. The deal, the largest in Repay’s history, was announced May 10.NCR Corp. said it expects to close its $2.5-billion acquisition of ATM-network specialist Cardtronics plc on June 21. The merger agreement was announced in January.Freight-payments provider PayCargo received a $125-million Series …
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15 June
Looking to Cut Time for Clients, Dwolla Adds More Low-Code Integration Components
Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …
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15 June
With GoDaddy Payments, Web Impresario GoDaddy Starts Building on Its Poynt Deal
The first fruits of GoDaddy Inc.’s acquisition six months ago of payments-technology provider Poynt Inc. emerged Tuesday with the announcement of GoDaddy Payments, a service aimed at unifying payments capabilities for GoDaddy’s base of e-commerce clients. To start with, GoDaddy Payments will focus on e-commerce transactions for clients using GoDaddy Websites …
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15 June
Kabbage Checking Debuts and other Digital Transactions News briefs from 6/15/21
American Express Co. said its Kabbage unit now offers Kabbage Checking to U.S. small businesses. AmEx also said it now offers Kabbage Funding to small businesses with lines of credit ranging from $1,000 to $150,000.Global Payments Inc. has launched a point-of-sale application that operates on commercially-available, off-the-shelf mobile phones, reported The Paypers …
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14 June
Payments Device Provider MagTek Enters Data Protection With a Private Messaging Service
Widespread theft of online data is driving businesses to seek out alternatives to passwords and usernames for sensitive information, a demand that led point-of-sale device provider MagTek Inc. to develop technology that helps lock up data while taking the company into a new and broader market, which includes medical data, …
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14 June
Online Banking Remains Popular With Consumers, But Sophistication Wins, J.D. Power Says
Consumers are increasingly turning to online banking as their only method of banking, says a recent study from J.D. Power. In 2020, the number of consumers that only bank online grew 11%. Overall, 41% of consumers in the United States are digital-only banking customers. The online channel has also become a …
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14 June
Adyen Gets OCC Approval and other Digital Transactions News briefs from 6/14/21
Payments provider Adyen NV announced the Office of the Comptroller of the Currency has approved the company’s application for a federal foreign branch in San Francisco. The Federal Reserve granted its approval in May. Adyen says the U.S. branch license will allow its single platform to scale and introduce more services for …
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11 June
How Covid And Ongoing Investment Are Making Mobile Apps Stickier for Banks
The Covid-19 pandemic has helped fuel consumer adoption of mobile-banking apps by 67% of retail bank customers in the United States, up seven percentage points from 2020. And now no significant drop in consumer usage of these apps is expected as Covid-19 restrictions ease, says the J.D. Power 2021 U.S. Banking …
