Digital Transactions Authoritative, insightful and timely information for payments professionals
DataVisor Inc., a fraud- and risk-management solutions provider, early Monday announced the launch of an artificial intelligence-based platform that measures hot spot, distinct count, and high-frequency data in real time. The ability to measure these three data points in real time helps speeds the identification of potential fraud threats, which …
December, 2024
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9 December
Google Sues the CFPB After the Agency Slams Google Over a Wallet It No Longer Offers in the U.S. Market
Google Inc. has sued the Consumer Financial Protection Bureau following the CFPB’s action Friday asserting federal supervision of the company’s Google Pay wallet. In the suit, filed in U.S. District Court in Washington, D.C., the same day the CFPB acted, the tech giant argues the case targets a payment service …
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9 December
WSPN’s Fractal Cooperation and other Digital Transactions News briefs from 12/9/24
The Worldwide Stablecoin Payment Network, known as WSPN, said it will work with Bitcoin platform Fractal to help widen stablecoin access. The global market value for parking-management systems, including payments processing, will grow from $5.59 billion this year to $11.29 billion in 2034, a compound annual growth rate of 7.3%, according …
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6 December
Bank of America Completes Paze Enablement
Consumers holding Bank of America Corp. credit and debit cards now have access to the Paze online checkout following BofA’s declaration that all of its eligible cards are now enabled for the e-commerce service. Paze is an online-checkout service developed by Early Warning Services LLC. It is designed to provide …
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6 December
COMMENTARY: How Endpoint And Mobile Device Management Can Help Crack Down on Risk
Financial firms live and die by their reputation. While we know that, with credit unions, insurance companies, and holding companies, the result of a cyberattack could mean funding challenges, reputational damage, and even insolvency, what many don’t know is that, today, around 70% of business risks enter through an endpoint …
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6 December
Cyber Weekend Sales up 5.7%, Fiserv Says and other Digital Transactions News briefs from 12/6/24
Same-store sales volume rose 5.7% and transactions were up 6.7% during the days from Nov. 27 and Dec. 2 compared to the same week last year, according to the 2024 Thanksgiving Holiday Insights report from Fiserv Inc. Illinois-based payments provider Payroc will work with Sunday, a restaurant point-of-sale technology provider, to offer the …
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5 December
Toast And Uber Expand a Delivery Partnership; SoundHound Rolls Out AI Ordering at Torchy’s Tacos
Hospitality point-of-sale company Toast Inc. has expanded its partnership with Uber Technologies Inc. to enable restaurants using Uber’s delivery service to reach customers through more channels and lower their delivery costs. Toast will integrate its platform with Uber Direct, Uber’s on-demand delivery platform that enables businesses to take orders through their Web …
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5 December
Payments Execs Head into Government As Fiserv And Shift4 CEOs Are Nominated for Key Federal Roles
President-elect Donald Trump has nominated Fiserv Inc. chief executive Frank Bisignano to be the next commissioner of the Social Security Administration, headquartered in Woodlawn, Md. The move follows by a day news that Trump has named Jared Isaacman, founder and chief executive of Shift4 Payments Inc., a Fiserv rival, to …
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5 December
GNC Adds Paze Checkout and other Digital Transactions News briefs from 12/5/24
Online checkout service Paze said retailer GNC now accepts the digital wallet. Paze is a checkout service from Early Warning Services LLC. Digital gifting platform On Me signed a five-year agreement with Mastercard Inc. and received $1.7 million in pre-seed funding from venture capital firm Lerer Hippeau and Focal.VC to help it expand its retailer …
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4 December
Year in Review: North’s 2024 Evolution
At the end of a packed year, it’s always worthwhile to take a beat and reflect. 2024 was full of events both difficult and inspiring. For example, the late Fall devastation wrought by Hurricanes Helene and Milton in the southern United States gave way to uplifting stories of communities banding …
