Digital Transactions Authoritative, insightful and timely information for payments professionals
NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …
April, 2022
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26 April
As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter
A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …
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26 April
Five Signs It’s Time to Move on From Worldpay
By Caleb Avery, Founder & CEO of Tilled While the world of integrated payments has undergone a major shift thanks to payment facilitation, many software companies are still working with legacy processors, like Worldpay, that can only offer antiquated and manual processes. If your B2B software company is working with …
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26 April
Binance Launches a Crypto Debit Card to Give Ukrainian Refugees Access to Money
As the mass exodus of Ukrainian refugees fleeing their war-torn country continues, charitable organizations and businesses are finding new ways to provide support. Cryptocurrency exchange and blockchain-infrastructure provider Binance joined those efforts Tuesday, announcing the Binance Refugee Crypto Card. The Visa-branded debit card will allow displaced Ukrainians to make or …
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26 April
As Other Markets Advance, the U.S. Has Much Catching up To Do in Real Time Payments
With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will …
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26 April
Choice Acquires ISO and other Digital Transactions News briefs from 4/26/22
The payments platform Choice Inc. has acquired payments provider Direct Payment Consultants, boosting Choice to more than $3 billion in annual volume on more than 7,000 clients. In a separate transaction, Choice has been acquired by Nexa Equity LLC, a private-equity firm. The terms of the two transactions were not disclosed.A startup …
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25 April
Merchant Survey Highlights Surprising Global Trends in Payments and Fraud
By Tracy Kobeda Brown – VP of Programs and Technology and Leo Parrill – Content Manager, MRC The annual Global Payments and Fraud Report, produced in collaboration with Cybersource, Verifi, and the Merchant Risk Council, serves as a valuable benchmark in the payments and fraud prevention space, providing insight …
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25 April
Apple’s Switch to Visa for Its Virtual Cash Card Could Come Down to International Connections
Apple Inc. is switching its network affiliation for its Apple Pay Cash virtual debit card to Visa Inc. after more than four years of issuing the card on the Discover Network. Information about the rationale for the move was not immediately available as the news emerged late last week on …
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25 April
Mastercard And Microsoft Team on an Enhanced Verification Solution for E-Commerce
With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …
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25 April
Bonifi Picks Finicity and other Digital Transactions News briefs from 4/25/22
Data-exchange network Bonifii said it has selected Mastercard Inc.’s Finicity unit to provide open-banking services to access consumer bank data and support underwriting for mortgage, auto, personal, and small-business loans.A financing company for patients to pay medical bills, iVitaFi, launched IVitaFi MyPlan, a payment platform that allows guarantors to access medical bills and …
