Digital Transactions Authoritative, insightful and timely information for payments professionals
Global e-commerce sales totaled more than $5.1 billion during the four- day holiday shopping period from Black Friday through Cyber Monday, up 76% from the same period in 2019, says e-commerce platform provider Shopify Inc. Online sales for the period, which traditionally kicks off the holiday-shopping season, surpassed 2019 volume …
December, 2020
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1 December
Earn 36x Upfront with NAB’s BIGGEST Residual Buyout Offer Ever!
Thinking of cashing in on some of your residuals to get capital? Worried about how the uncertainty of potential administration changes in Washington could impact your bottom line? Inching closer towards retirement? No matter what your reasons, now is the perfect time to cash in on your portfolio. That’s because …
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1 December
Eye on Acquirers: Nuvei To Acquire Base Commerce Assets And Fattmerchant Gains Major Investor
Nuvei Corp. is making a move to bolster its integrated payments offerings with the acquisition of substantially all the assets of Phoenix-based Base Commerce LLC. Announced Tuesday, the pending deal—it’s expected to close by Dec. 31—will expand Nuvei’s product capabilities with a proprietary automated clearing house platform and additional merchants, Montreal-based …
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1 December
Unicorn Momentum—Like Much Else—Slows in 2020 for Payments Firms And Other Fintechs
Most Americans will be glad to see the last of 2020 as they ring in 2021 in a few weeks, and that group will include private investors. In a year in which the coronavirus ran rampant, damaging many businesses and shuttering others, tech investors pegged significantly fewer privately held payments …
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1 December
Libra Changes its Name to Diem and other Digital Transactions News briefs from 12/1/20
The Libra Association, the organization behind the Libra cryptocurrency project, said it is renaming itself Diem, Latin for “day.” Acknowledging pressure from governments and regulators worldwide, the association this spring changed course on several key strategies, setting out new plans for single-currency stablecoins and a stronger compliance regime.Commerce platform Shopify Inc. said its merchants had …
November, 2020
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30 November
Digital Trust & Safety Index: Account Takeover Fraud and the Growing Burden on Business
Account takeover fraud has been a challenge for e-commerce merchants since business online. But recent years have proven exactly how pervasive ATO is across every industry, and revealed that it’s the average fraudster’s weapon of choice. Between the second quarter of 2019 and Q2 2020, overall ATO rates (the percentage …
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30 November
How Criminals Are Leveraging Covid to Get Personal Data From Consumers
With consumers shifting more of their transactions online due to the Covid-19 pandemic, criminals continue to target card-not-present transactions and step up their efforts to deceive consumers into giving up their account information, says Feedzai Inc.’s latest quarterly Financial Crime Report. The three leading factors contributing to the increase in …
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30 November
Shopify’s Black Friday Volume up 75% and other Digital Transactions News briefs from 11/30/20
Commerce platform Shopify Inc. reported $2.4 billion in global Black Friday sales, a 75% increase from 2019. Black Friday is the Friday following Thanksgiving. Mobile sales accounted for 68% of U.S. transactions and desktop, 32%. Top U.S. cities were New York, Los Angeles, and Vernon, Calif. The average ticket of $93.80 was …
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30 November
COMMENTARY: The DoJ Is Right in Suing To Stop Visa’s Deal For Plaid. Here’s Why (Part II)
Unlike Visa and Mastercard, Plaid is not just another credit and debit card company largely beholden to the big banks. It uses modern technology, in a sector that has been slow to adopt it, to create a new payments paradigm. It likely has no plans to issue cards or use …
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25 November
How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’
With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable …
