News

June, 2024

• 18 June

  Apple Pay Later Is Shutting Down in Favor of Third-Party BNPL Providers

  

  Apple Pay Later, the buy now, pay later product from Apple Inc. released just over a year ago, is shutting down. The move comes after installment-payment specialist Affirm Inc. confirmed it would be part of Apple Wallet when the tech giant’s annual software updates for iPhones and computers emerge this …
• 18 June

  ACI Notes Cross-Border Milestone and other Digital Transactions News briefs from 6/18/24

  

  U.S.-based payments provider ACI Worldwide Inc. said its partnership with Stet, a Paris-based clearing and settlement system, processed more than 50 million real-time cross-border payments in the past 12 months. The companies expect that volume to grow more than 50% in the current year. Cross-border payments specialist Nium Pte. Ltd. said it is working …
• 17 June

  Q & A with the Sound Payments Leadership Team

  

  What does Sound Payments do in the payments industry? Sound Payments is dedicated to listening to the voice of the customer to provide value-add innovative payment acceptance and point-of-sale technology solutions to ISOs and ISVs. Sound Payments is a software provider for niche markets and is processor agnostic. We have …
• 17 June

  A Fight Over an Illinois Interchange Prohibition Law Is Far From Over

  

  Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year. Opponents of the bill are continuing an ad campaign to …
• 17 June

  Eye on Ticketing: Shift4’s San Diego FC Ticket Win; Passport Preps for College World Series

  

  A new soccer club in San Diego will use Shift4 Payments Inc. for its ticketing transactions, while Passport Inc. readies its parking expertise for the NCAA Men’s College World Series this week. Allentown, Pa.-based Shift4 says its payments technology will undergird ticket transactions for the new Major League Soccer team, …
• 17 June

  Yardi’s Rent-Payment Integrations and other Digital Transactions News briefs from 6/17/24

  

  Yardi Systems Inc. a provider of property-management software, announced integrations with two rent-payment platforms, Best Egg and Flex, in a move that the company says will enable tenants with a direct payment option through Yardi’s service. Online bill pay provider doxo Inc. launched the Cost of Bills Index, which is based on doxo’s …
• 14 June

  The Big Credit Card Settlement Now Appears to Be Headed for a Trial. Who Will Win?

  

  With the judge in the massive credit card interchange litigation apparently insisting on a trial, a new and unsettling element of uncertainty now hangs over the nearly 20-year-old case, in which merchants allege anti-competitive behavior by the big credit card networks in setting interchange fees. The latest development comes nearly …
• 14 June

  Why Every Community Bank Should Offer Commercial Credit Cards

  

  Community banks, known for their personal touch and deep community ties, face unique challenges and opportunities to deepen those relationships. Introducing commercial credit cards is a strategic decision that aligns well with their commitment to local businesses. Offering a best-in-class commercial card program meets the needs of local enterprises and …
• 14 June

  Shift4 Closes Revel Deal and other Digital Transactions News briefs from 6/14/24

  

  Shift4 Payments Inc. announced it has acquired a majority interest in Germany-based point-of-sale provider Vectron Systems AG in a transaction previously reported by Digital Transactions News. Vectron serves roughly 65,000 merchant locations throughout Europe. Shift4 also said it has closed on its previously announced deal for Revel Systems, a point-of-sale technology company serving more than …
• 13 June

  CardFree Enlists AI To Get Consumers To Spend More

  

  Everyone has encountered the upsell. It’s the extended-warranty offer when buying a TV, or the ask to add a Danish to the coffee you just purchased. Now, CardFree Inc. has released a tool to help merchants automate the upsell with its new Smart AI Upsell feature. A component of CardFree’s …