Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments-as-a-service and other “as-a-service” technologies have emerged in recent years to package the technology and expertise needed for fintechs to expand their reach and expertise in payments. Now acquiring-as-a-service is stepping onto center stage with news that Fiserv Inc. has agreed to support payments for merchants using Trust Payments Ltd. …
June, 2022
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6 June
LumaPay Debuts and other Digital Transactions News briefs from 6/6/22
Luma Health Inc. debuted LumaPay, which allows patients to pay medical bills via text messages.U.S.-based payments provider FreedomPay said it is working with Network International to provide digital-payment capability to the hospitality industry in the Middle East and Africa region.Canada-based Kapsch TrafficCom announced it has now manufactured 100 million toll-payment transponders, which are used in …
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1 June
Payoneer Forges Ties to Online Games Marketplace SEAGM And BNPL Bazaar Optty
Since going public a year ago, Payoneer Global Inc. has been capitalizing on its capabilities in key cross-border payments capabilities, including direct transfers and mass payouts. Its reach now includes big international online marketplaces with its announcement early on Wednesday that it will process payments for merchants selling on SEAGM, …
May, 2022
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31 May
Deployers Are Driving Growth in the U.S., But Overall the ATM Count Is Sliding, a Report Says
Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020. The U.S. market, indeed, saw its ATM count …
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27 May
Cannabis Specialist POSaBIT Posts Strong Volume, Despite Industrywide Headwinds
Having weathered an industrywide downturn in sales that began during the third quarter of 2021, cannabis-payments processor POSaBIT Systems Corp. late Thursday reported strong first-quarter sales and revenue. Transactions totaled $103 million, a 61% increase from the same period last year, and revenues totaled $6.4 million, up 79%. Same-store sales …
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27 May
An Acquiring Deal With BNP Paribas Helps Propel Cross-Border Traffic for PingPong Payments
The explosive growth in e-commerce has not been contained within national borders, which creates a market for processors capable of handling cross-border payments. PingPong Payments, a specialist in this market, early Friday announced an acquiring agreement with Europe’s largest bank, BNP Paribas, that the U.S.-based processor expects will reinforce its …
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27 May
Luxury-Tour Operator Scott Dunn Picks Nuvei and other Digital Transactions News briefs from 5/27/22
Payments provider Nuvei Corp. said it has agreed to process payments for luxury-tour operator Scott Dunn.Payments-technology provider Verifone Inc. opened registration for CommerceNow 2022, a virtual digital-commerce conference scheduled for June 22-23.EPayResources, a payments advisory service, named Jeff Foote incoming president effective June 1. He succeeds current president Laura Steele, who is expected to …
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26 May
Beyond Routine: Research Indicates Digital Payments Are Now ‘Second Nature’ for Consumers
Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …
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26 May
BNPL’s Move Into Bigger Tickets Leads Players to Seek Slicker Outreach And Tighter Vetting
As the buy now, pay later trend moves upstream to higher-ticket markets, the assumption of bigger debt loads brings with it a need to communicate more closely with consumers. Point-of-sale credit, which took off in e-commerce during the pandemic, is reaching markets like health care, and on Wednesday a customer-communication …
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26 May
CFPB Targets Card Issuers and other Digital Transactions News briefs from 5/26/22
The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …
