Digital Transactions Authoritative, insightful and timely information for payments professionals
Keys Inc., a technology platform for locksmiths, has launched the Keys Visa Spend Card, issued by Celtic Bank. The card allows locksmiths to receive earnings instantly, with processing by Stripe Inc. Payments-technology provider Transcard said it worked with the University of Tennessee Athletics Department to gain naming rights for and launch the …
August, 2024
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29 August
PayPal Looks to Fiserv To Smooth Connectivity to Its Payment Options, Including Fastlane
PayPal Holdings Inc. has expanded its relationship with the big processor Fiserv Inc. to make its payment options more readily available to Fiserv clients in the United States. The move with Fiserv is expected to simplify connectivity for Fiserv clients to PayPal and Venmo payment apps and make it easier …
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29 August
Affirm’s Stock Rises As the BNPL Giant Reports Improved Results
Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …
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29 August
Mastercard Payment Passkey Debuts and other Digital Transactions News briefs from 8/29/24
Mastercard Inc. launched its Payment Passkey Service with payments processors and consumers in India, and says it will introduce the technology in other markets globally in coming months. The technology, aimed at online transactions, tokenizes payment credentials and enables biometric authentication of cardholders. Canada-based online travel agency justfly.com introduced a pay-by-bank feature, allowing travelers to …
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28 August
Apple Eyes a Return Via Zip; Sezzle Teams With Liberis to Reach Merchants
Apple Inc. is reportedly mulling a return to the buy now, pay later sweepstakes in the United States through a partnership with Zip Co. Ltd, an Australian digital financial-services company. ZIP’s chief executive, Cynthia Scott, acknowledged the two companies are in talks, according to MacDailyNews. Apple abandoned BNPL operations in June …
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28 August
Sephora Loyalty Members Can Now Use Paze Checkout
Paze, the online checkout service from Early Warning Services LLC, says consumers that belong to the Sephora loyalty program can now use it to pay for transactions on the retailer’s Web site. Backed by some of the nation’s largest banks, Paze is an expedited checkout service that includes addresses and …
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28 August
Vanco’s RevTrak Plan and other Digital Transactions News briefs from 8/28/24
Vanco, a payments-technology provider to more than 3,000 schools, said it is expanding its partnership with Frontline Education, a developer of administrative software for educational institutions, to include Vanco’s RevTrak payments platform, which the company says eases school fees and other payments for families. Adyen NV will process transactions for Aghanim, …
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27 August
Cantaloupe Deepens Its Foray Into Sports And Entertainment With a Suite Ordering App
Cantaloupe Inc. has strengthened its hand in the highly competitive market for payments at sports and entertainment venues with the launch of Suites, an order-management application designed for such venues, on Cantaloupe’s Cheq platform. Cantaloupe developed the new app as a way to make it easier for guests in stadium …
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27 August
The CFPB Reviews Cash Back at the Point of Sale Amid Concerns of Reduced Access to Cash
Retailers providing cash-back services at the point of sale fill a void for many consumers who may live in so-called banking deserts, the Consumer Financial Protection Bureau says in a new report on the service. Some, however, charge a fee for that access, along with other banking hurdles. The Cash-back …
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27 August
Fortis’ New Features and other Digital Transactions News briefs from 8/26/24
Payments provider Fortis Payment Systems announced new features developed in partnership with accounting-software developer Sage and aimed at simplifying payment processes and streamlining back-office functions. Payments provider PayJunction said it has added text-to-pay capability, allowing businesses to accept customer payments through text messages. Meal Ticket, a developer of technology for food-service companies, has launched …
