Digital Transactions Authoritative, insightful and timely information for payments professionals
Intuit Inc. said its Intuit ProConnect unit has partnered with Practice Ignition, a service provider to accounting firms, to provide payments and other services to tax-preparation professionals. Intuit in February sued Visa Inc. and Mastercard Inc., alleging the networks’ interchange pricing models constitute unlawful price fixing.Payments provider i3 Verticals Inc. said it has acquired two …
April, 2021
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2 April
An Acquisition of AxiaMed Helps BofA’s Effort to Rebuild Its Acquiring Business
With its acquisition of Axia Technologies Inc., also known as AxiaMed, Bank of America Corp. took a big step toward rebuilding its merchant-acquiring business. AxiaMed provides financial services and payments technology to health-care providers. Terms of the deal were not disclosed. The acquisition, announced Friday, gives Bank of America a …
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2 April
Eye on BNPL: Afterpay Promo Drives 35% Customer Increase And Paidy Raises $120 Million
Buy now, pay later provider Afterpay Ltd. reported its bi-annual Afterpay Day sale, the first to include brick-and-mortar merchants, generated a 35% increase in new active users and sent 6 million referrals to merchants around the world from the company’s Shop Directory. Eighty-six percent of the transactions made that day, …
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2 April
dLocal Raises $150 Million Investment and other Digital Transactions News briefs from 4/2/21
Payments-technology provider dLocal Ltd. announced a $150-million investment led by Alkeon Capital and valuing the company at $5 billion. The company also appointed former Chase executive Sumita Pandit chief operating officer. Former COO Jacobo Singer was promoted to president.PayGround Inc., a payments provider specializing in health care, has reached an agreement with …
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1 April
OLB Group Adds QR Code Acceptance to Its Gateway
OLB Group is the latest processor to support Quick Response codes as merchants look for ways to adopt contactless-payment options in the wake of the ongoing Covid-19 pandemic. OLB will support dynamic QR codes, which are generated in real time for each transaction, on its cloud-based OmniSoft business-management platform and …
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1 April
With VizyPOS, VizyPay Aims to Bring Sophisticated Analytics to Small Sellers
App-based technology for point-of-sale transactions has been a preserve of POS system providers like Square and Clover, but now smaller independent sales organizations are looking for a piece of that growing pie. Early Thursday, VizyPay LLC announced VizyPOS, an app that can control such functions as cash discounting and real-time …
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1 April
Paysafe’s New Loyalty Program and other Digital Transactions News briefs from 4/1/21
Paysafe Group Holdings Ltd. has launched Neteller Knect, a loyalty program for users of its Neteller digital wallet. The program is active in more than 100 countries. Paysafe earlier this week went public via its merger with Foley Trasimene Acquisition Corp. II.Sightline Payments, a startup specializing in payments for the gaming, lottery, and …
March, 2021
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31 March
RocketFuel Becomes the Latest Facilitator of Cryptocurrency Acceptance by Merchants
The drive to build merchant acceptance of cryptocurrency continues to gain momentum with RocketFuel Blockchain Inc.’s announcement on Wednesday that it is rolling out a one-click, blockchain-based payments solution for e-commerce transactions. RocketFuel’s service supports payments or direct bank transfers in 43 cryptocurrencies. The first two merchants to adopt the …
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31 March
A Fingerprint Card Tech Advances After Achieving Compliance With Mastercard Specs
Card-based biometric authentication took a step forward with an announcement early Wednesday that a technology from Fingerprint Cards AB has complied with reference specifications set by Mastercard Inc. The compliance is a first for fingerprint authentication on a card, according to Sweden-based Fingerprints and Fime, an organization that consults on …
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31 March
23.1 Billion ACH Payments in 2020 and other Digital Transactions News briefs from 3/31/21
The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …
