Digital Transactions Authoritative, insightful and timely information for payments professionals
X, the social network formerly known as Twitter, announced in a Tuesday blog post it will launch peer-to-peer payments this year, “unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place.” Payments provider VizyPay announced it processed $1.8 billion in …
January, 2024
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9 January
The Payments Lobby Cites Harm in Its New Advertising Salvo Against the CCCA
The Electronic Payments Coalition has come out swinging in the new year as it intensifies its fight against the Credit Card Competition Act. The EPC, which lobbies on behalf of financial institutions and payments networks, late Monday announced it is launching an ad campaign aimed at federal lawmakers. The campaign …
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9 January
Eye on POS: Elo Pay Debuts; How Soft POS Transactions Will Bloom
The hotly competitive point-of-sale technology arena just got more so with the launch of Elo Pay and an accompanying POS terminal from Elo Touch Solutions Inc. Coming from Milpitas, Calif.-based Elo, Elo Pay provides payment acceptance, encryption, tokenization, and terminal-management tools in one service. Elo Pay also offers remote key …
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9 January
GoCardless Picks Up JustGiving And Other Digital Transactions News briefs from 1-9-24
GoCardless said it will process open-banking payments made on JustGiving, an online donation platform, replacing American Express Co. FirstOntario Credit Union said it is preparing to launch open banking through connections to Everlink Payment Services Inc. and open-banking technology platform Flinks. The federal government in Canada said in November it planned to …
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8 January
Cantaloupe’s Links Give It a Big Lead in Vending Machine Payments, a Report Says
Cantaloupe Inc., which specializes in payments technology for vending machines and self-service marketplaces, holds a commanding 15.5% share of the world’s 5.8 million vending machines connected to payments technology, according to a report from research firm Research and Markets. In total, Malvern, Pa.-based Cantaloupe links to more than 900,000 vending …
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8 January
It Turns Out 2023 Was a Banner Year for Bitcoin Acceptance—Which Remains Spotty
Bitcoin has struggled for years to win breakthrough adoption among sellers large and small, even though some major, e-commerce companies like Overstock-com, Newegg.com, and Microsoft Inc. have accepted the digital currency for at least a decade. But Bitcoin’ spotty acceptance may be masking some important advances among smaller and lesser-known …
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5 January
GoTab’s Phone Only Point-of-Sale App Debuts
Hospitality point-of-sale system provider GoTab Inc.’s latest product, billed as Phone Only POS, accepts payments on consumer-grade smart phones. It also makes it easier for consumers to pay at the table, GoTab says. The service enables clients to accept contactless credit or debit cards for payment without the need of …
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5 January
NetCents Teams With Worldpay in an Effort to Broaden Crypto Acceptance
NetCents Technology Inc., a payment-processing gateway specializing in cryptocurrency, has partnered with the massive acquiring processor Worldpay. The deal is expected to boost adoption of cryptocurrency and stablecoins as mainstream payment options, according to NetCents. NetCents’ gateway provides corporations, small and medium-sized businesses, startups, and blockchain companies, a crypto …
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5 January
Alchemy Pay Debuts Crypto Card And Other Digital Transactions News briefs from 1/5/24
Alchemy Pay, a payment gateway allowing users to exchange cryptocurrency and fiat money, launched its Crypto Card, a “mini app” backed by the user’s cryptocurrency. The promotion offers vouchers reducing the application fee to a penny from a dollar for a limited time. Fintech at Cornell has published “Cornell Convenes: Toward …
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4 January
Talus Pay’s New Year Starts With Two Acquisitions
Payments provider Talus Pay announced two acquisitions on Thursday, indicating it acquired Clarus Merchant Services and Jobox.ai in separate deals. Total annual payments volume for the newly combined company total $9 billion for more than 22,000 U.S. merchants. Dallas-based Talus Pay says Clarus Merchant Services, based in Gaithersburg, Md., provides …
