Digital Transactions Authoritative, insightful and timely information for payments professionals
The use of customer off the shelf (COTS) technology suggests that a merchant can leverage personally procured Android or Apple devices to execute point-of-sale operations. Even in today’s rapidly evolving payment technology, it’s a bold assumption. Such an implementation poses significant security challenges beyond contravening numerous acquiring and payment card …
November, 2023
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17 November
Bold Adds Link Money Pay-by-Bank Option And Other Digital Transactions News briefs from 11/17/23
Checkout-technology provider Bold Commerce said it is working with Link Financial Technologies Inc. to enable Bold Commerce’s client merchants to lower acceptance costs via Link Financial’s open-banking capabilities. Payments provider Bankful said it has enabled an integration to e-commerce platform Woo (formerly WooCommerce) to widen the choice of payments for Bankful client merchants to …
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16 November
Eye On BNPL: Consumers Look To BNPL To Avoid Card Debt; Sezzle’s Deal With Sportsman’s Warehouse
Consumers’ concerns about incurring credit card debt this holiday season is pushing many shoppers to consider buy now, pay later loans as a budget-management option, according to a report from the payments firm Klarna AB. Some 53% of respondents expressed concern about incurring credit card debt during the holiday season. …
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16 November
PayPal’s Executive Hires Are Likely to Propel Its New CEO’s Ambitious Agenda
Sweeping new executive hires at PayPal Holdings Inc., announced Wednesday, will help cement the 25-year-old payments company’s ambitious new direction under recently appointed chief executive Alex Chriss, observers say. “This is PayPal flexing who they are now. They want to be recognized by the world as an equal to Visa …
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16 November
i3 Verticals’ Revenue Bump And Other Digital Transactions News briefs from 11/16/23
Payments provider i3 Verticals Inc. posted fourth-quarter 2023 revenue of $96.4 million, a 13% increase from $85.3 million for the same quarter a year ago ended Sept. 30. Quarterly income of $3.4 million reversed a $4.4 million loss last year. For the full year, i3 Verticals had a loss of $2.7 million, …
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15 November
2024 Juniper Trends Range from Account-to-Account Payments to Value-Added Services Atop FedNow
As 2023 winds down, Juniper Research is out with its top 10 trends for payments and fintechs in 2024. Chief among them is a challenge to cards in e-commerce and funding for wallets through account-to-account payments. Closely related is the prospect for FedNow, the nascent real-time payment service from the …
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15 November
Eye On Stadiums: Shift4 Adds the Miami Dolphins; Oakview Group Partners With Oracle
Shift4 Payments Inc. extended its reach in stadium payments Wednesday by partnering with the National Football League’s Miami Dolphins and Hard Rock Stadium to process payments for ticket sales for Dolphins games and other events at the stadium. The deal builds on Shift4’s integration with Ticketmaster Entertainment LLC, which was …
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15 November
U.S. Retailers’ Fraud Toll And Other Digital Transactions News briefs from 11/15/23
The United States accounts for 57% of retailers that reported a breach this year, according to Trustwave’s “2023 Retail Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies” report. The United Kingdom (8%) and Canada (7%) are a distant second and third. In related news, Riskified Ltd., a provider of technology …
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14 November
Some Merchants Take Issue with the CCCA
Small businesses claim they have legitimate concerns that their larger counterparts will be the beneficiaries of lower card acceptance costs should the Credit Card Competition Act become law, argues the Small Business Payments Alliance, a trade organization recently formed by the Electronic Payments Coalition. Among the concerns about how the …
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14 November
Paysafe Continues Its Recovery As It Focuses on Bolstering Growth
Paysafe Ltd.’s chef executive early Tuesday pointed to progress in the processor’s growth plan and outlined moves aimed at bolstering both the company’s product line and its stock. A new digital wallet aimed at U.S. small businesses will launch before year’s end, while the company’s board authorized a $50-million share-repurchase …
