News

June, 2024

• 27 June

  Payroc’s Deal With i3 Verticals and other Digital Transactions News briefs from 6/27/24

  

  Payments provider Payroc WorldAccess LLC has agreed to pay $440 million to acquire the merchant-of-record payments business of i3 Verticals Inc., a provider of software and services to public and private companies. Afterpay, a buy now, pay later platform and part of Block Inc., said 82% of BNPL users said the service …
• 26 June

  There’s Good News, Bad News in the Latest Statistics on Identity Theft

  

  The number of identity-theft cases fell last year, but criminals are getting savvier about how to win their victims’ confidence, with more of them relying on newer tools like artificial intelligence. And credit cards and other financial products remain a top target. That’s the mixed message from the Identity Theft …
• 26 June

  Merchants Look Forward to Their Day in Court After Judge Brodie Rejects the Interchange Settlement

  

  Merchants are looking forward to making their case now that a judge has rejected a proposed settlement of their two-decades-long litigation with Visa Inc. and Mastercard Inc. over transaction costs. Late Tuesday morning, Margo K. Brodie, U.S. District Court Judge for the Eastern District of New York, issued a written …
• 26 June

  Visa’s Emergency Card Program and other Digital Transactions News briefs from 6/26/24

  

  Visa Inc. unveiled Digital Emergency Card Replacement, a service that works on behalf of card issuers to replace lost cards with digital replacements, using text or email. Cardholders can store the replacement card in a digital wallet. Elavon launched Elavon Cloud Payments Interface, an application programming interface aimed at easing digital and …
• 25 June

  WeGetFinancing Partners With SensePass, While Klarna Plus Notches 100,000 Users

  

  WeGetFinancing has partnered with SensePass, a provider of alternative payment solutions, to provide a buy now, pay later solution for high-ticket items. WeGetFinancing is a BNPL gateway operated by Emerging Payments Technologies Inc. Merchants on the SensePass platform can now offer BNPL financing for purchases of up to $15,000, with …
• 25 June

  Ticketing And Soft POS Will Drive Contactless Payment Growth, a Forecast Says

  

  Contactless payments are forecasted to surge 113% in value by 2029, reaching $15.7 trillion by 2029, up from $7.4 trillion this year, predicts a new report from Juniper Research. Ticketing and soft point-of-sale applications will be significant drivers of this growth, United Kingdom-based Juniper says. “As access becomes more widespread, …
• 25 June

  Nuvei Readies UAE Expansion and other Digital Transactions News briefs from 6/25/24

  

  The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …
• 24 June

  Traditional Merchant Services vs. Payment Facilitation

  

  Traditional Merchant Services vs. Payment Facilitation In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …
• 24 June

  Shopify Merchants Gain Access to Target Plus Marketplace

  

  Some Shopify Inc. merchants will be able to get their products in front of more online shoppers via a deal the e-commerce platform has struck with Target Corp. Announced Monday, the deal enables select Shopify Inc. merchants to feature their products on Target Plus, the retailer’s third-party, curated marketplace. Target …
• 24 June

  After Coming ‘a Really Long Way,’ Paze Signs Sellers As It Executes a Staged Rollout

  

  Paze, the online checkout platform backed by some of the nation’s biggest banks, is barreling through a state-by-state rollout that could culminate in nationwide coverage by late summer or early fall, according to James Anderson, the platform’s general manager who has spearheaded the project since Early Warning Services LLC announced …