Digital Transactions Authoritative, insightful and timely information for payments professionals
Days after Sen. Dick Durbin, D-Ill., sent letters to the chief executives of Visa Inc. and Mastercard Inc. demanding they testify before the Senate Judiciary Committee about their opposition to the Credit Card Competition Act, the Electronic Payments Coalition is asking why the committee is not requesting that leaders of …
February, 2024
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15 February
Shift4’s AI-Based Site Builder And Other Digital Transactions News briefs from 2/15/24
Shift4 Payments Inc. launched SkyTab Website Builder, a tool enabling restaurants to more easily design a Web site. Businesses using Shift4’s SkyTab point-of-sale payments technology can access the new service for free. Blackhawk Network announced Select Codes, which businesses can send to customers to enable access to prepaid gift cards. Bank of …
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14 February
Fiserv Partners With NCR Atleos to Add Self-Service to Its CheckFreePay Bill Payment Network
Fiserv Inc. has expanded its CheckFreePay bill-payment network to include self-service capabilities through NCR Atleos ATMs. CheckFreePay users will be able to pay their bills in cash at thousands of NCR Atleos ATM locations, including top-10 retailers, grocery stores, convenience stores, and pharmacies in the United States. Previously, ATMs that …
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14 February
Global’s ‘Profac’ Model Starts Paying Dividends for Its Acquiring Business
A new tactic Global Payments Inc. began pursuing last year is delivering continuing benefits for the company as its merchant-solutions unit saw year-over-year point-of-sale volume growth of around 20% in the fourth quarter, top management at the big Atlanta-based processor said early Wednesday. Much of the credit for the growth …
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14 February
FIS’s Pay by Bank Path And Other Digital Transactions News briefs from 2/14/24
FIS Inc. said it is working with Banked, an open-banking provider, to develop new pay by bank services for businesses and consumers. Gateway provider Trice Technologies Inc. said it is a technology provider and real-time payments gateway for the RTP network from The Clearing House Payments Co. LLC. Web services and payments provider GoDaddy …
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13 February
eTip Brings Digital Tipping To Davidson Hospitality Properties
The digital-tipping provider eTip announced late Monday it has partnered with Davidson Hospitality Group to make its service available to Davidson’s 85 hotels and resorts, as well as the company’s more than 200 restaurants, bars, and lounges in the United States. To initiate a payment through eTip’s application, consumers scan …
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13 February
Radial Adds Link Money’s Pay by Bank for Account-to-Account Payments
E-commerce platform Radial Inc. is giving its merchants a new payment option that bypasses traditional credit and debit card payments and instead relies on account-to-account transfers. Dubbed Pay by Bank, the service was developed by Link Financial Technologies Inc., which does business as Link Money, an open-banking platform. King of …
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13 February
BofA Zelle Users at 21.5 Million And Other Digital Transactions News briefs from 2/13/24
Bank of America reported an all-time high 21.5 million customers now use the peer-to-peer payments network Zelle. BofA customers last year sent and received 1.24 billion Zelle payments totaling $373 billion, both also record highs. In the fourth quarter, Zelle send transactions were double the number of checks written, the bank …
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12 February
Visa Adds Virtual Card Capabilities for Commercial Card Users
Just as Visa Inc. is expanding its Commercial Pay service to the Latin American and Caribbean region, it is making virtual card issuance for its commercial card clients a reality. Visa says Commercial Pay clients, which have access to a host of B2B payment services, now can add virtual corporate …
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12 February
At a Double-Digit Growth Rate, BNPL Isn’t Cooling off
The buy now, pay later trend emerged in the U.S. market in a big way in 2020 in the wake of the pandemic as a means to let strapped consumers make point-of-sale and online transactions with partial payments, while financing the balance over a short term. Since then, the U.S. …
