Digital Transactions Authoritative, insightful and timely information for payments professionals
Forter Ltd., a specialist in online-fraud prevention, says merchants using the Magento e-commerce platform now have access to its services. Meanwhile, Mastercard Inc. says total U.S. retail sales increased 26.3% in March from March 2020. Online retailers using Adobe Inc.’s Magento platform can use a Magento plugin to ease the …
April, 2021
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8 April
Adyen Adds Afterpay Option and other Digital Transactions News briefs from 4/8/21
Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a …
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7 April
Payments Fraud Is Down Substantially, But Still A Serious Problem, Says the AFP
In 2020, 74% of organizations were targets of payments fraud, down from 81% in 2019 and 82% 2018, according to the Association for Financial Professionals’ annual fraud report. The Bethesda, Md.-based association has surveyed companies across myriad industries yearly for 17 years. Large organizations, those with annual revenue of $1 …
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7 April
CardFlight Extends Its Reach Via Global Payments, While Small Business Sales Rebound
CardFlight Inc. has struck a deal with processor Global Payments Inc. that will see CardFlight’s SwipeSimple point-of-sale technology added to Global’s indirect sales channels. Atlanta-based Global says adding SwipeSimple to its wholesale product lineup will give its independent sales partners an omnichannel payment option. SwipeSimple supports contactless payments, EMV dipped, …
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7 April
Loop’s Vend Integration and other Digital Transactions News briefs from 4/7/21
Contactless-technology provider Loop Insights Inc. announced it has integrated its service with an application programming interface for billing from point-of-sale technology provider Vend Ltd. The integration enables onboarding of Vend merchants to Loop’s compliance and reporting platform. Processor Lightspeed POS Inc. last month agreed to acquire Vend in a deal valued at $350 million. …
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6 April
A Mastercard Report Estimates As Much As 30% of the Shift to Digital Payments Is Permanent
That the shift toward digital forms of payment was accelerated by the pandemic has been duly noted over the past year, but how much of that change will stick once the U.S. market and the rest of the world gets beyond Covid? Not all of it by any means, but …
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6 April
Brinks Acquires PAI and other Digital Transactions News briefs from 4/6/21
The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …
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6 April
Dwolla Debuts an API That Can Connect Fintechs to The Clearing House’s RTP Platform
As part of its strategy to enable faster electronic payments, Dwolla Inc. on Tuesday released an application programming interface to enable real-time payments through The Clearing House Payments Co.’s RTP network. Fort Lee, New Jersey-based Cross River Bank Inc. will provide the processing link to the RTP network. Development of …
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5 April
A Year After Adding Payment by Text Capability, Podium Launches Card Readers
Podium Corp Inc., a communications and payments provider, is adding card readers to enable face-to-face payments as well as remote payments. Announced Monday, the reader accepts EMV, magnetic stripe, and contactless payments. Podium did not say when the readers will be available or disclose their cost. Podium’s primary payment method …
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5 April
Looking to Serve Bigger Payments, Nacha Sets a $1 Million Same-Day Limit for March 2022
Nacha on Monday announced it will raise its dollar limit on same-day transactions 10-fold to $1 million starting next March. The move, which will come only two years after the governing body for the automated clearing house network raised the cap to $100,000 from the original $25,000 limit, comes as …
