Digital Transactions Authoritative, insightful and timely information for payments professionals
As payments providers ramp up fast-payment capabilities that don’t depend on existing card-payment rails, pressure has mounted on the dominant U.S. card networks to enable quick transfers from senders to accounts held by receivers worldwide. Visa Inc. on Tuesday, for example, announced Visa Direct Payouts, which allows users to send …
March, 2021
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30 March
Walgreens Banks on InComm and other Digital Transactions News briefs from 3/30/21
The Walgreens pharmacy chain said it will launch a bank-account offering through payments provider InComm Payments that will also feature a MetaBank-issued Mastercard debit card that will allow users to earn rewards through the Walgreens loyalty program. The pharmacy chain will also re-launch its gift card program through InComm.In related news, InComm …
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29 March
On The Fly POS Adds Biometric Authentication to Stem Both Merchant And Consumer Fraud
Seeking to reduce merchant-account fraud, also known as merchant bust-out fraud, and provide merchants with a way to authenticate consumers, payments-technology provider On The Fly POS is adding Ipsidy Inc.’s Identity as a Service (IDaaS) biometric identity-verification technology to its platform. Ipsidy’s app validates a merchant’s identity by comparing a …
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29 March
With USD Coin Settlement, Visa Plots a Future for Stablecoins on Its Global Network
Visa Inc. reported early Monday that after a year of preparation it has completed the first transaction involving direct settlement with a so-called stablecoin, USD Coin. The transaction, which involves a stablecoin that mirrors the U.S. dollar, allowed Crypto.com, a platform for the trading of digital currencies, to send transactions …
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29 March
EMVMadeEZ Debuts and other Digital Transactions News briefs from 3/29/21
Amadis, Advanced Mobile Payment Inc., and Texas Engineering Consulting Systems and Services said they launched the jointly-developed EMVMadeEZ, a pre-certified EMV migration product for automated fuel dispensers. The product enables convenience store operators, small chains, and single gas station owners with an EMV-at-the-pump service.Payments-technology provider AEVI International GmbH said it is …
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26 March
Fiserv Bulks up in Integrated Payments With a Deal for Pineapple Payments
Fiserv Inc. is adding more muscle to its payments-processing business, particularly with respect to integrated payments and relationships with independent software vendors. The big financial-services technology company announced Thursday afternoon it has agreed to acquire Pineapple Payments, a 5-year-old payments processor, for undisclosed terms. The deal is expected to close …
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26 March
Subscription Specialist Joins Stripe Program and other Digital Transactions News briefs from 3/26/21
Ternary Developments Inc. has joined the Stripe Partner Program, which enables clients to accept online payments via Stripe Inc. Ternary provides a cloud-based platform for Discord social-engagement communities.Appetize Technologies Inc., a provider of management software for the food-and-beverage industry, announced integrations with payments processor Paytronix Systems Inc., gift card provider Givex Inc,, …
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26 March
COMMENTARY: Part Two: How Network Regulation Overseas Could Resonate Here
Veteran payments practitioners will recall that, “in the beginning,” issuers paid interchange to merchants to incent them to accept credit card payments from the incipient Visa and Mastercard networks. By the inception of electronic draft capture (circa 1980), that acceptance was growing to a critical-mass level nationwide, and by the late …
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25 March
A Reported SEC Probe Casts a Spotlight on the Fast-Growing SPAC Trend
News late Wednesday that the U.S. Securities and Exchange Commission is inquiring into a newly popular alternative for going public comes as payments firms increasingly turn to the method in lieu of a traditional public offering. Reuters reported late Thursday the SEC is contacting Wall Street financial institutions to ask …
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25 March
Shift4 Lands Petco Park Processing and other Digital Transactions News Briefs from 3/25/21
Shift4 Payments Inc. said it will process all payment transactions at Petco Park, home of the San Diego Padres. The deal follows Shift4’s expansion into stadiums and other venues through its recent acquisition of VenueNext Inc.Payments provider SignaPay Ltd. announced a partnership with Valor PayTech to provide Valor’s countertop, handheld, and PIN pad equipment …
