Digital Transactions Authoritative, insightful and timely information for payments professionals
With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …
March, 2024
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1 March
Relay’s Solid Rock Work and other Digital Transactions News briefs from 3/1/24
Relay Payments Inc. said it is providing payment services to Solid Rock Carriers, an over-the-road trucking company. The move should help Solid Rock’s efforts to streamline payments and reduce fraud, Relay said. Payments provider Payoneer Global Inc. posted fourth-quarter revenue of $224.3 million, a 22.2% increase from $184.6 million in the 2022 fourth …
February, 2024
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29 February
Is Shift4 Seeking a Buyer? News Reports Say So, But the Company Stays Mum
Shift4 Payments Inc. went public in June 2020 after more than two decades as a privately held processor, but now its senior management may be looking for greater returns via an acquisition by an outside company. Both the processing giant Fiserv Inc. and a Spain-based reservations-processing company called Amadeus could …
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29 February
Card Issuers Rank Highest in BNPL Satisfaction, J.D. Power Finds
Credit card issuers claimed the top three spots in J.D. Power’s second annual buy now, pay later satisfaction study, with American Express Co.’s Plan It topping the list. JPMorgan Chase’s My Chase Plan and Citibank’s Citi Flex Pay rounded out the top three. American Express’s Plan It, which it launched …
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29 February
Qu Lands GoTo Foods POS Deal And Other Digital Transactions News briefs from 2/29/24
Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations. Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up …
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28 February
Zoccam And AppBrilliance Bring Real Time to Real Estate Payments; Orum Launches a FedNow API
AppBrilliance Inc., a provider of real-time payments technology, has partnered with Zoccam, a specialist in payments for the real-estate industry, to enable real-time payments for real-estate transactions. Zoccam will use AppBrilliance’s Money API to enable real-time transfers, such as earnest-money deposits, to be sent through The Clearing House Payment Co. …
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28 February
Play Ball! Shift4 Lands Yankee Stadium; Sound Payments Adds Boarding And Deployment Services
With 29 days until Major League Baseball’s opening day on March 28, the New York Yankees have selected Shift4 Payments Inc. as the team’s concessions and retail sales point-of-sale system provider. Announced Wednesday, the deal will see Shift4 payment technology deployed at Yankee Stadium and at the George M. Steinbrenner …
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28 February
Mastercard’s Issuer Benefits And Other Digital Transactions News briefs from 2/28/24
Mastercard Inc. launched its Open Banking for Account Opening program, aimed at U.S. issuers of consumer and small-business debit cards and issuers of consumer prepaid cards. The program aims to verify account ownership, reduce account abandonment, and cut non-sufficient funds returns. Brivo, a provider of technology for building access, has added …
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27 February
With Appetize and Finaro on Board, Shift4 Plots Expansion in the U.S. and Europe
Having closed on two key acquisitions, the big processor Shift4 Payments Inc. is looking to expand its business in Canada and Europe and build on its new beachhead in sports arenas, top management said early Tuesday. With its $100-million deal last fall to acquire Appetize Technologies Inc. from SpotOn Transact …
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27 February
Dwolla Launches Open Banking Services With A2A Payment Focus
Payments-technology provider Dwolla Inc. announced Tuesday the launch of its open-banking service for mid- and enterprise-sized businesses. The service streamlines businesses’ ability to embed open-banking capabilities within existing applications through a single application programming interface, as opposed to relying on connections to multiple vendors. To further reduce the complexity of …
