News

March, 2021

• 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 …
• 8 March

  Priority Will Acquire Finxera and other Digital Transactions News briefs from 3/8/21

  

  Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the …
• 5 March

  Via BitPay, Dogecoin Becomes the Latest Cryptocurrency Accepted by the Dallas Mavericks

  

  Cryptocurrency can be a volatile store of value and continues to struggle as a medium of exchange, but merchants in some markets are slowly moving to accept it as a faster and cheaper payment method than cards in the face of complications brought on globally by the pandemic or by …
• 5 March

  COMMENTARY: Time for Banks to Embrace Fintechs to Move to Partner APIs

  

  Customer experiences and expectations are rapidly evolving as people and businesses seek out slicker financial apps and services that are embedded deeper into our software applications. This explosion of new experiences is largely enabled through application programming interfaces (APIs). Seeing a new opportunity here, many financial institutions are investing in …