Digital Transactions Authoritative, insightful and timely information for payments professionals
Buy now, pay later platform Sezzle Inc. has launched a loyalty program that rewards users for paying on time. The new offering, called Payment Streaks, is part of Sezzle’s free Loyalty Tiers program. The idea is that, with each on-time payment, Sezzle users begin a payment streak that moves them …
May, 2024
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2 May
Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs
Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …
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2 May
Worldpay PayFacs Get Tap-to-Pay on iPhone and other Digital Transactions News briefs from 5/2/24
Worldpay has made tap-to-pay on iPhone technology available to payment facilitators to offer to their merchants. Two payfacs, Fullsteam and Autobooks, have launched the service. Tap to pay lets merchants accept contactless card payments on an ordinary mobile phone with no additional hardware. Cantaloupe Inc., a supplier of payments technology for …
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1 May
Potential Merchant Savings on Swipe Fees Is the Latest Payments Battleground
The war over the proposed Credit Card Competition Act shows no signs of abating as combatants on both sides of the fence continue their efforts to sway legislators and public opinion on the matter of card-acceptance costs. The latest battle centers on data from payments consultancy CMSPI that says merchants …
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1 May
A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal
The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …
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1 May
Mastercard Revenue up 10% and other Digital Transactions News briefs from 5/1/24
Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …
April, 2024
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30 April
Data Breaches Continue to Explode, Increasing 90% in the First Quarter
The number of publicly reported data breaches nearly doubled during the first quarter compared to the same period a year ago, according to the Identity Theft Resource Center’s quarterly report, issued Tuesday. The ITRC tracked 841 publicly reported data breaches during the first quarter, up from 442 during the same …
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30 April
Eye on Acquiring: Mohegan Picks PayNearMe in Pennsylvania; Xplor Capital Debuts
Online-gambling consumers in Pennsylvania using Mohegan Digital iGaming services will be able to use PayNearMe Inc.’s deposit and payout services. Announced Tuesday, the collaboration sees Santa Clara, Calif.-based PayNearMe’s MoneyLine as the exclusive payments platform for Mohegan Digital in that state. Mohegan, the Uncasville, Conn.-based parent company of numerous casinos, …
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30 April
Roller Launches Analytics and other Digital Transactions News briefs from 4/30/24
Roller, a developer of payments and management technology for attractions and events, launched Analytics, a platform incorporating technology from Google’s BigQuery offering to generate business insights. The average ransom payment to decrypt data locked up by cyberthieves is now $2 million, up five-fold from a year ago, according to data …
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29 April
Digital Bill-Payment Specialist Doxo Responds To an FTC Lawsuit Alleging Deceptive Practices
Firing back at a Federal Trade Commission lawsuit alleging deceptive practices in the bill-payment business, doxo Inc. has issued a statement claiming the charges are inaccurate and push a narrative that will prevent bill-payment providers from streamlining the digital bill-payment process. The FTC lawsuit, filed late last week, charges doxo …
