Digital Transactions Authoritative, insightful and timely information for payments professionals
With e-commerce sales accounting for 16.4% of all U.S. retail sales in the fourth quarter, Wildfire Systems Inc. is hoping its new white-label shopping portal will enable more merchants to take advantage of the shopping channel. In related news, retailer Best Buy Canada will use PingPong as its first cross-border payment …
March, 2025
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10 March
Shift4’s Lunchbox Stake and other Digital Transactions News briefs from 3/10/25
Shift4 Payments Inc. has chosen ordering-technology provider Lunchbox Technologies as a partner for Shift4’s SkyTab platform and has also invested in the company. The extent of the investment was not disclosed. Meanwhile, Lunchbox has appointed hospitality-industry veteran James Walker chief executive. Ingo Money Inc. said its Ingo Payments service agreed to work …
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7 March
AmEx Adds an Expense Management Platform Via Its Center Acquisition
American Express Co. has acquired software developer Center. Terms of the deal, announced late Thursday, were not disclosed. The acquisition is expected to close in the second quarter. The deal will provide AmEx’s corporate and small-business cardholders with an integrated expense-management platform that delivers real-time visibility into all employee spending, …
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7 March
For Many, It’s Device First To Make a Contactless Payment
Ten years ago, the U.S. payment card market made its shift to EMV chip cards, and along with that the industry prepared for more contactless payments. That work by issuers and card brands appears to have paid off because 92% of consumers are now familiar with NFC, the technology that …
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7 March
Stripe Expanding Chicago Office and other Digital Transactions News briefs from 3/7/25
Stripe Inc. has doubled its office space in Chicago, leasing more than 44,000 additional square feet on the fifth floor of a building in the city’s River North neighborhood and bringing its total space to about 89,000 square feet, according to Crain’s Chicago Business. Business-technology provider Globant announced it has developed systems for …
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6 March
Riskified Launches Adaptive Checkout; Socure Unveils Its Identity Manipulation Risk Score
E-commerce fraud prevention specialist Riskified has launched Adaptive Checkout, an app created to drive higher conversion rates by reducing false positives. The app leverages artificial intelligence to analyze each transaction based on its risk profile and the shopper’s purchase history. For example, a merchant’s best customers can be sent straight …
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6 March
Digital Wallet Developers Score a Victory in the Senate
The U.S. Senate on Wednesday voted 51-47 to scrub a regulation issued in November by the Consumer Financial Protection Bureau and aimed at mobile wallets and digital money transfers. The repeal legislation, which now moves to the House of Representatives, comes as major payment-app developers like Apple Inc., Block Inc., …
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6 March
Priority Revenue up 14% and other Digital Transactions News briefs from 3/6/25
Processor Priority Technology Holdings reported fourth-quarter 2024 revenue of $$227.1 million, up 13.9% year-over-year. Revenue for the year totaled $879.7 million, up 16.4% over 2023. The company’s net income swung to a positive $7.2 million for the quarter from a $106,000 loss a year earlier. For the full year, net income was …
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5 March
The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
The Consumer Financial Protection Bureau late Tuesday dropped its lawsuit against Early Warning Services LLC, operator of the Zelle person-to-person payments network. The suit had also named Bank of America, JPMorgan Chase, and Wells Fargo as defendants. The financial institutions are three of the seven bank owners of Early Warning. …
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5 March
Why Skipify Is Adding Discover Tokenization
Online-checkout provider Skipify Inc. is adopting tokenization technology from Discover Global Network to ease checkouts for Discover cardholders. Tokenization replaces a consumer’s actual credit or debit card number with 16 other digits, which can help improve conversion rates for merchants and improve shopper satisfaction. San Francisco-based Skipify says the early …
