News

January, 2021

• 19 January

  Walmart Adds to Its Financial Services With Western Union Money Transfers at U.S. Stores

  

  Walmart Inc. is adding money-transfer services from The Western Union Co. to its more than 4,700 U.S. stores this spring, the giant retailer announced Tuesday. Western Union will be the third money-transfer provider to be offered at Walmart stores, joining MoneyGram International Inc. and Ria, a subsidiary of Euronet Worldwide …
• 19 January

  PPRO Secures $180 Million in Funding and other Digital Transactions News briefs from 1/19/21

  

  Payments provide PPRO Financial Ltd. announced a $180-million funding round valuing the company at more than $1 billion.AeroPay, a payments provider specializing in the cannabis industry, said it is working with Blackbird, a cannabis software and delivery company, to process online ordering for cannabis businesses.U.S. payments provider WEX Inc. announced it will process …
• 19 January

  How Covid-19 Helps Fuel A Rise in Fraud and Identity Theft

  

  As consumers pivoted in droves to digital channels for purchases and financial services at the outset of the Covid-19 pandemic, criminals pounced on the trend to perpetrate more fraud and identity theft, according to data from credit-reporting agency TransUnion LLC. Between March 11 and April 28, 2020, when the first …
• 18 January

  PDI Expands Its Relationship With EG Group to All of EG’s U.S. Convenience Stores

  

  Professional Datasolutions Inc., which provides software, including payments services, to convenience stores and gasoline wholesalers, announced Monday it has reached an agreement with c-store and gas-station operator EG Group to expand the use of its payment technology to about 1,700 EG Group sites across the United States. The agreement builds …
• 18 January

  Despite Covid, Holiday Retail Sales Beat Expectations Handily, the NRF Says

  

  The numbers are in, and it turns out the holiday shopping season was not only better than expected, but also better than the one in 2019, weeks before the coronavirus pandemic struck in the United States. Retail sales in November and December totaled $789.4 billion, up a healthy 8.3% over …
• 18 January

  Transit App Gets Onboard and other Digital Transactions News briefs from 1/18/21

  

  The Berks Area Regional Transportation Authority in Reading, Pa., will launch its Go Mobile payment app Jan. 26, allowing riders to use a mobile device to pay for bus fares and passes. The app was developed by Modeshift Inc., a specialist in technology for transit agencies.Bestpass, a processor of toll payments for …
• 15 January

  Pineapple Payments Furthers Its Expansion With Its Deal for 1st Payment Systems

  

  Payments provider Pineapple Payments announced Friday it has acquired 1st Payment Systems, a provider of private-label payment processing and omni-channel payment technology for integrated software vendors (ISV) in the powersports and health-care industries. Terms were not disclosed.  The acquisition strengthens 1st Payment’s ability to service its customers by leveraging Pineapple’s Transax …
• 15 January

  With a New ACH Rule Looming, Open Banking Takes on Added Urgency

  

  Online account debiting has grown in usage and prominence as consumers and businesses turn to e-commerce in the face of the coronavirus pandemic. But now many businesses are reckoning with a rule that will take effect in March that requires sellers using the automated clearing house to perform more rigorous …
• 15 January

  Givingli Picks Blackhawk for Digital Gift Cards and other Digital Transactions News briefs from 1/15/21

  

  Givingli Inc., an app provider for virtual greeting cards and gifts, will use the Blackhawk Network platform to allow app users to send digital gift cards.Gateway NMI outlined its 2021 ambitions, including launching a tap-on-phone solution that will build on its recent partnership with Mastercard Inc.’s Cloud Tap on Phone.Gamber-Johnson LLC, a maker of mounting …
• 14 January

  Frictionless Payouts Are Key When It Comes to Online Sports Betting, Paysafe Says

  

  As consumers’ comfort level with online sports betting grows, a quick and frictionless payout of winnings will play a key role in their choice of an online gaming vendor, says a study released Thursday by payment-platform provider Paysafe Group. Of the more than 2,000 online-sports bettors surveyed by Paysafe across …