Digital Transactions Authoritative, insightful and timely information for payments professionals
Global Payments Inc. completed its $21.5 billion all-stock merger with payment processor Total System Services Inc. (TSYS). The deal cleared its last major hurdle when European Union antitrust regulators said they had no competition concerns, Reuters reported Tuesday. The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 …
September, 2019
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18 September
PayPal Reduces Its Promotional Financing Threshold To Boost Its Credit Service
The warmth of late summer still bathes much of the country, but PayPal Holdings Inc. already has its eyes on the upcoming holiday spending season. The online commerce leader today unveiled a zero-interest financing promotion for its PayPal Credit service with a lowered purchase threshold. In addition to charging no …
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17 September
UPDATED: Shopify Targets Merchants in The Fast-Growing CBD Sector
CBD is all the rage these days as a newly available medicine that can alleviate everything from pain to insomnia, and now e-commerce platform provider Shopify Inc. is pitching its payment and other support services to U.S. CBD merchants. Ottawa, Ontario-based Shopify, which serves 800,000 merchants globally and has major …
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17 September
Without a Digital Business Model, Banks May Lose $280 Billion in Payments Revenue
Digital payments, combined with competition from nonbanks in payments, may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.” Released Monday, the survey of 240 retail and corporate payments executives across multiple countries suggests that global-payments revenue …
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17 September
Turnkey Risk Rebrands as Humaitrix and other Digital Transactions News briefs from 9/17/19
Turnkey Risk Solutions, a risk-management firm specializing in first-party fraud, rebranded as Humaitrix LLC. Payments veterans John J. Leehy III joined the company as chief executive and Gregory W. Sahrmann joined as the chief operating officer. Amy Walraven, a former JPMorgan Chase & Co. risk executive, is founder, president, and chief …
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16 September
POS Providers Invite Developers To Attract More Merchants
As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants. Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …
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16 September
An App Starts a National Rollout for Busy Execs Who Need a Haircut
It was probably only a matter of time before the gig economy embraced barbering. A New York City-based startup called Shortcut on Monday announced it was starting its national rollout with an extension of its app-based haircut and hairstyling service to Philadelphia. Calling itself “the Uber of haircutting and barbering,” …
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16 September
Fintech Plaid Notes Investments and other Digital Transactions News briefs from 9/16/19
Financial-technology provider Plaid Inc. disclosed that it has received “strategic investments” from both Mastercard Inc. and Visa Inc.Digital payments and competition from nonbanks in payments may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.”Visa said it is working with insurance …
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13 September
Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks
Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …
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13 September
Adyen Lands Another Retailer and other Digital Transactions News briefs from 9/13/19
Payments provider Adyen N.V. said fashion retailer BrandBank will use its payments network throughout markets in Australia, Singapore, and Hong Kong. BrandBank operates more than 500 stores.Digital River agreed to provide payments and tax and compliance services on the Salesforce AppExchange.PepsiCo has launched a cash-back rewards program called PepCoin, which lets consumers deposit cash rewards directly …
