Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world. Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to …
January, 2024
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24 January
Mastercard Will Remain the Software Engine Behind the RTP Network
Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …
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24 January
Eye on BNPL: Klarna Debuts a Subscription Service; PublicSquare Enlists Credova
Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …
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24 January
Affinipay Adopts AI And Other Digital Transactions News briefs from 1/24/24
Affinipay, an e-commerce payments provider specializing in professional markets, launched a generative AI capability in its platform for law offices, including its LawPay service. Generative AI refers to predictive technology based on artificial intelligence. The cryptocurrency exchange KuCoin announced users of its KuCard debit card can spend their digital currency from their …
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23 January
Eye on E-Commerce: Nuvei Provides an API for Adobe Commerce; Citi Launches Citi Shop
Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …
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23 January
How an Ingenico Integration With Cybersource Promises a Global Point of Sale
Ingenico, one of the world’s largest makers of point-of-sale transaction devices, said early Tuesday it has worked with Visa Inc. to integrate its Axium terminal software with a payment platform operated by Cybersource, Visa’s commerce and fraud-management unit. The move promises to offer, from a single platform, a service that …
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23 January
Debit a Favored Subscription Choice And Other Digital Transactions News briefs from 1/23/24
Subscription management specialist Recurly Inc. released its 2024 State of Subscriptions report that found 45.5% of consumers chose debit as the subscription payment method, followed by credit cards, 33%, PayPal, 19.3%, and other alternative payment methods, 2.2%. Wise, a platform for international money transfers, said junk fees associated with credit cards and …
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22 January
Consumers Are Spending More On Gift Cards As P2P Apps Open As a Channel
Prepaid card spending is on the rise, according to Fiserv Inc.’s annual Prepaid Consumer Insights Study. Some 69% of consumers surveyed say they purchased the same number of gift cards, or more, in 2023 compared to 2022. In addition, 40% of buyers are putting at least $50 on gift cards, …
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22 January
COMMENTARY: Streamlining Payments with Straight-Through Processing
In today’s fast-paced business landscape, efficiency and quality are essential for staying ahead of the competition. Straight-through processing (STP) is a solution that enables businesses to expedite financial transaction processing while reducing errors and eliminating repetitive tasks. In both accounts payable and accounts receivable, STP can transform the way payments …
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22 January
Bit.Store’s Crypto Card And Other Digital Transactions News briefs from 1/22/24
Digital-currency platform Bit.Store launched its Visa Virtual Crypto Card, a prepaid card that can store Bitcoin and offers cashback rewards on transactions. The social-media platform X has reportedly established a “dedicated account” that could transact in cryptocurrency for the platform’s expected peer-to-peer payments service. There has been no official word so far from X, formerly …
