Digital Transactions Authoritative, insightful and timely information for payments professionals
Zelle, the person-to-person payment service from Early Warning Services LLC, said it will launch a consumer education campaign video series this month to help educate consumers how to spot and avoid financial scams, specifically imposter scams. Zelle, in a statement to Digital Transaction News, also said most Zelle transactions—99.9%—are without any …
November, 2023
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13 November
In An About Face, Zelle Banks Issue Refunds to Users Victimized By Scams
Banks in Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, have been issuing refunds to consumers duped by fraudsters into sending money using the network, according to a report Monday by Reuters. The reimbursements, which the banks have reportedly been paying out since June 30, represent a …
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13 November
Fanatics Adds Paysafe’s Raft of Card and Alternative Payments for Online Betting
Fanatics Betting & Gaming, which launched its first retail sports-betting location in January and its mobile sportsbook in May, will use the card-payment and alternative-payment methods offered by Paysafe Ltd. Announced Monday, the integration will enable U.S. bettors on the Fanatics platform to make deposits and receive payouts in a …
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13 November
Klarna Creator Customization and other Digital Transactions News briefs from 11/13/23
Payments platform Klarna AB added a service in the U.S. market that enables “creators” to open customized online storefronts. PCI Pal, a provider of compliance technology for the Payment Card Industry data-security standard, said it is working with Zoom Video Communications Inc. to launch its services with Zoom Contact Center and Zoom …
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10 November
Eye on Processing: Cantaloupe Quarterly Revenue up 8%; Repay Boasts 4% Revenue Bump
Unattended payments and software specialist Cantaloupe Inc. boosted its roster of customers in its fiscal 2024 first quarter, which helped increase the company’s revenue to $62.7 million, up 8.5% from $57.8 million in the 2023 first quarter that ended Sept. 30. Malvern, Pa.-based Cantaloupe said the number of active customers …
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10 November
COMMENTARY: Why Every Payments Provider Should Launch a Capital Offering
Trust is the linchpin of payments processing. Whether it’s business-to-business or business-to-consumer, people want someone they trust to help them facilitate their money movements. This is why community banks remain resilient, even when grappling with stringent regulations and battling against giant global banks. It’s the same reason small businesses retain …
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10 November
Alkami in Plaid Tie up And Other Digital Transactions News briefs from 11/10/23
Digital-banking software provider Alkami Technology Inc. said it has enabled access for client banks to open-banking network Plaid via an application programming interface. Lightspeed Commerce Inc., a specialist in payments processing for the hospitality industry, launched “Luminaries,” a planned series of interviews with the leaders of client businesses, starting with the corporate …
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9 November
A New Merchant Group Voices Opposition to a Bill Aimed at Credit Card Acceptance Costs
The political battle over the Credit Card Competition Act has heated up as the Small Business Payments Alliance (SBPA), a recently formed merchant trade group, has come out in opposition to the proposed legislation. The group argues that, if passed, the CCCA would harm small businesses. The SBPA, which held …
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9 November
Eye on Crypto: Bitcoin Depot Seals Cord Kiosk Deal; Ripple in RocketFuel Partnership
Bitcoin Depot Inc. looks to expand the installation of its cryptocurrency kiosks in a new deal with Cord Financial Services LLC. Separately, RocketFuel Inc. will adopt Ripple Payments for its payment-products suite. Atlanta-based Bitcoin Depot, which recently expanded the footprint of its BDCheckout cryptocurrency digital-wallet funding program, says it will …
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9 November
Avelo Airlines All in with PayPal And Other Digital Transactions News briefs from 11/9/23
Avelo Airlines said it has entered a multi-year agreement to adopt payments services from PayPal Holdings Inc., including Pay in 4, PayPal’s buy now, pay later service, as well as PayPal Checkout and Braintree, PayPal’s transaction processor. U.S.-based payments platform FreedomPay said it will support transactions for Pennies, a United Kingdom-based fintech that …
