Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments volumes for small and mid-size businesses are growing at a quick pace, if the latest information from cloud-based payments-technology company Bill.com Inc. is any indication. The 14-year-old Palo Alto, Calif.-based company processed $25.4 billion in payment volume in the June quarter, fully 26% above the volume handled in the …
August, 2020
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27 August
You’ve Heard How Consumers Have Turned to Online Channels. Now the Numbers Show It
It’s become a common assertion in the payments business that consumers are turning to online sites for shopping as they contend with the various impacts of Covid-19. Now government data indicates just how well-founded that assertion is. E-commerce dollar volume in the second quarter totaled $211.5 billion, up 32% from …
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27 August
A Covid-Inspired Push for Embedded Payments Helps Spur Four-Fold Growth for Finix
With more independent software providers and financial-technology companies embedding payment capabilities in their applications, Finix Payments Inc., a provider of payment applications, has seen its transaction volume jump more than fourfold from the second quarter of 2019 through the second quarter of 2020. Key drivers of the growth include a …
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27 August
Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large
Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …
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27 August
Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20
Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …
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26 August
Eye on Money Transfers: Remitly Adds 11 Mobile Wallets and MoneyGram Joins Forces with Thunes
Money transfer specialist Remitly Inc. says its mobile wallet now reaches 300 million consumers, while MoneyGram International Inc. says its deal with Thunes will add services in Africa, Asia Pacific, and Latin America. Seattle-based Remitly says consumers can now send funds through more than 24 mobile-wallet brands, many of which it …
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26 August
Visa Leverages Artificial Intelligence for Smarter Stand-in Processing
Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …
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26 August
EVO Teams With OTI And Other Digital Transactions News Briefs From 8/26/20
EVO Payments Inc. said it will offer payment equipment and services from On Track Innovations Ltd. to independent software vendors and unattended payments merchants.Bluefin Payment Systems LLC announced that Invoice Cloud, an electronic bill presentment and payment provider, will use Bluefin’s point-to-point encryption service.Data security services provider ControlScan Inc. said …
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25 August
One-Third of Fuel Retailers Are Unlikely To Meet the April 2021 EMV Deadline, a Survey Reveals
With less than a year to go before gas stations are scheduled to become EMV-compliant at the pump, readiness among fuel merchants remains uneven. A recent study by Naples, Fla.-based ACI Worldwide reveals 47% of major petroleum merchants remain unprepared to meet the deadline and 20% are still in the …
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25 August
Panera Recruits Google to Streamline Pickup And Delivery Via Mobile Apps
The Covid-19 pandemic has hastened merchants’ conversion to digital wallets and other forms of contactless payments, but at the same time the imperative for fast, if possible single-click, ordering has only grown more urgent. In the latest development, the Panera Bread chain announced Tuesday in integration with Google that allows …
