Digital Transactions Authoritative, insightful and timely information for payments professionals
Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …
September, 2022
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27 September
Volante’s ACH Tech in Colombia And Other Digital Transactions News briefs from 9/27/22
Volante Technologies, a U.S.-based payments platform, said it is providing a banking portal for ACH Colombia, a fintech based in that South American country, as part of an effort to digitize ACH Colombia’s payments infrastructure.Payments-technology company Payscout LLC said it will offer a direct link to its Paywire platform to users of …
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26 September
PNC Jumps Into Restaurant POS Systems With Its Acquisition of Linga
Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …
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26 September
One More Thing? Apple Pay Later’s Debut Is Still Pending
Apple Inc.’s latest financial product, a buy now, pay later service called Apple Pay Later, has yet to arrive, though the iPhone operating system it was expected to require launched Sept. 12. Why is that? One Bloomberg columnist suggests Apple Pay Later, which was announced in June, may not arrive …
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26 September
Humbl’s Integration With GreatFoods2Go And Other Digital Transactions News briefs from 9/26/22
Mobile-wallet developer Humbl Inc. announced an integration with food-delivery platform Great Foods2Go that will include the integration of Humbl’s Humbl Wallet, Humbl Pay, Humbl Search Engine, and Humbl Marketplace capabilities.Bank of America announced it has added a sign-in capability by QR code for its CashPro platform, a payments utility for client companies. The …
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23 September
Blackhawk Teams With Fashion Merchant H&M for B2B Gift Cards
Fashion retailer H&M Hennes & Mauritz LP has partnered with the payments platform Blackhawk Network to offer business-to-business gift cards. H&M is expected to use the cards as employee and consumer incentives. “As our gift card program has continued to evolve, it has become a significant driver of sales for …
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23 September
Eye on BNPL: Square’s Afterpay Marks Canada Debut; Allegiant Taps Uplift
Square, the payment-processing unit of Block Inc., is integrating its Afterpay buy now, pay later service into its e-commerce products across Canada. Meanwhile, airline Allegiant introduced Allegiant Pay Powered by Uplift for flights, hotels, and car-rental bookings made by its customers. Uplift is a travel-specific buy now, pay later provider. …
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23 September
Finastra Adds Visa Direct for Payouts And Other Digital Transactions News briefs from 9/23/22
Financial-technology provider Finastra said it is incorporating Visa Direct, a real-time push-payment capability developed by Visa Inc., as a cross-border payout offering for banks.Coinsquare, a crypto asset trading platform based in Canada, said it has agreed to acquire Simply Digital Technologies Inc., owner of the CoinSmart trading platform and a unit of …
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22 September
Four Trends Are Affecting U.S. Retail, a Checkout.com Report Finds
Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …
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22 September
Nacha Issues a New ‘Framework’ Aimed at Shifting Industry Emphasis to Credit Push Frauds
As payments fraud grows more threatening by the year, a report on Thursday from the governing body for the automated clearing house network recommends the payments industry shift its emphasis from combatting unauthorized debits to preventing crimes involving credit payments. Dubbed a “new risk-management framework,” the recommendation issued by Nacha …
