Digital Transactions Authoritative, insightful and timely information for payments professionals
FEVO Inc., an online shopping tool that enables consumers to share purchases with their friends, says it will use Shift4 Payments Inc. as its preferred payment processor for all music festivals and general-admission events. New York City-based FEVO’s model is built on enabling consumers to shop together without leaving a …
June, 2024
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19 June
Nuvei Advances Corporate Change and other Digital Transactions News briefs from 6/19/24
Shareholders in Nuvei Corp. approved the processor’s previously announced agreement to be acquired by Advent International LP for $34 per share in a move that will take the big processor private. The Financial Times reported that regulators in the European Union have accepted concessions from Apple Inc. that will allow competing payment platforms to access the …
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18 June
No Slowdown in Online Grocery’s Post-Pandemic Surge
Online grocery sales, which surged during the Covid pandemic as consumers avoided in-store shopping, continue to grow at a rapid pace, though the pandemic ended 13 months ago, according to the World Health Organization. Sales of groceries online, which include curbside pickup, increased 30% year over year in May, according …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
