Digital Transactions Authoritative, insightful and timely information for payments professionals
With the first anniversary of the coronavirus crisis having been reached in the United States, payments processors are reporting strong results as consumers shift to e-commerce, many for the first time. The latest is Nuvei Corp., which on Wednesday reported fourth-quarter results that reflected what the 18-year-old processor called “the …
March, 2021
-
11 March
Galileo Opens LatAm Office and other Digital Transactions News briefs from 3/11/21
Payment-technology provider Galileo Financial Technologies opened its Latin American headquarters in Mexico City, the company’s first office outside the United States. Galileo is a unit of Social Finance.NTT Data Corp. launched Platea Banking, a digital-banking platform aimed at helping financial institutions modernize back offices to support open banking.Payment gateway Exact Payments LLC appointed Ravi Rajamiyer …
-
10 March
MerchantE Teams With UnionPay to Boost UnionPay Approval Rates in the U.S.
By linking directly to UnionPay’s SecurePlus two-factor authentication application, digital-commerce platform provider Merchant e-Solutions Inc. expects to significantly reduce decline rates for UnionPay debit card transactions in the United States. Decline rates are an especially nettlesome issue for UnionPay debit card holders, who account for about 60% of UnionPay’s 9 …
-
10 March
A Sneak Peek From Visa Shows U.S. Debit Volume Growth Continues As Credit Volume Dips
Visa Inc. said U.S. debit volume increased 31% in January and 16% in February over the comparable 2020 months, while its credit volume dipped 6% and 8%, respectively. In an 8-K filing, Visa, which did not release actual volume data, said for the quarter to date overall U.S. payments volume …
-
10 March
Hotelier Adds Bitcoin Acceptance and other Digital Transactions News briefs from 3/10/21
All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …
-
9 March
Eye on Parking: ParkMobile Sold to EasyPark And Fast Park Adds Contactless Payments
ParkMobile LLC will have a new owner with the pending sale of its parent company, Park Now Group, to EasyPark Group. Announced Tuesday, the deal will see Atlanta-based ParkMobile, which says it has more than 22 million users in 450 cities, become part of Stockholm-based EasyPark. Park Now has been …
-
9 March
How the Pandemic Helped Drive a Startling Increase in Identity Theft Losses
Some 47% of U.S. adults have reported identity theft over the past two years, while the fraud’s toll ballooned to $712.4 billion in 2020, up 42% from 2019, according to a report released Tuesday by Aite Group, a Boston-based research and consulting firm, and sponsored by Giact, an Allen, Texas-based …
-
9 March
Handpoint To Use MagicCube POS Technology and other Digital Transactions News briefs from 3/9/21
Point-of-sale technology provider Handpoint has agreed to adopt the i-Accept technology from MagicCube Inc. The technology allows merchants to accept card transactions on off-the-shelf mobile devices.Citcon, a provider of mobile-wallet acceptance at the point of sale, has agreed to integrate its technology with that of Agilysys Inc., a vendor of point-of-sale technology …
-
8 March
With Its Deal for Curv, PayPal Tightens Security for Its Push Into Cryptocurrency
Building on its strategy to support cryptocurrency, PayPal Holdings Inc. announced Monday that it has agreed to acquire Curv Inc., a provider of cloud-based infrastructure for digital-asset security, for an undisclosed sum. Once the acquisition is completed later this year, Tel Aviv, Israel-based Curv will become part of a PayPal …
-
8 March
As Its ACH Traffic Climbs Rapidly, Paya Manages a ‘Very Strong’ M&A Pipeline
Payments on the automated clearing house network have been gliding upward for some time, allowing processors that handle ACH volume to tap into that growth. On Monday, Paya Holdings Inc. showed it’s among the beneficiaries. ACH volume for Atlanta-based Paya reached $3.5 billion in last year’s fourth quarter, up fully 46% from …
