Buy now, pay later provider Uplift Inc. said its service has been integrated with Vegas.com, a travel site.In related news, buy now, pay later provider Splitit said its service is now available on the ChargeAfter platform, which offers merchants a variety of consumer financing methods.Mastercard Inc. said it has closed on its $850-million acquisition of Ekata …
Read More »PayNearMe Adds Walmart as Bill Pay Locations and other Digital Transactions News briefs from 6/8/21
PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …
Read More »FICO Attacks Push-Payment Fraud With the Latest Version of Its Falcon Fraud Manager
With the Covid-19 pandemic prompting consumers to adopt online commerce and mobile-banking apps in droves, Fair Isaac Corp. (FICO) is betting the latest release of its FICO Falcon Fraud Manager for Retail Banking will give financial institutions a leg up on detecting push-payment fraud. The fraud occurs when a consumer …
Read More »COMMENTARY: Money Transfers: A Lifeline for Families Impacted by the Pandemic
At the height of the pandemic last spring, the World Bank projected that 2020 remittances to low- and middle-income countries would decline by 20% year-over-year—nearly $445 billion—because of lower wages and growing unemployment among migrant workers. And in the process, there would be yet another casualty of Covid-19 as the …
Read More »SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21
SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
Read More »Passport Secures $90 Million in Funding and other Digital Transactions News briefs from 5/21/21
Passport Labs Inc., a parking-app developer, reported it has received $90 million in growth capital from Sixth Street Growth.Mastercard Inc. announced a line of prepaid cards that allows users to contribute to wildlife preservation. The program allocates $1 for each card purchased to Conservation International.Banking-software provider Temenos says money-transfer firm Wise joined the …
Read More »Certegy Debuts White-Label BNPL Option and other Digital Transactions News briefs from 5/20/21
Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …
Read More »Western Union Ready at Walmart Stores and other Digital Transactions News briefs from 5/19/21
The Western Union Co. said its money transfer services are now available at almost 4,700 U.S. Walmart Inc. stores. The two companies announced the addition of Western Union in January.Grocery chain Food Lion said it is accepting the Supplemental Nutrition Assistance Program’s electronic benefit transfer card in the 10 states where the chain has …
Read More »MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21
MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
Read More »Repay To Acquire BillingTree and other Digital Transactions News briefs from 5/11/21
Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …
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