Digital Transactions Authoritative, insightful and timely information for payments professionals
Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to …
September, 2024
-
20 September
A Report Shows How Payments Impact Guests’ Experience at Hotels
Payments play a bigger role than many might imagine in how hotels interact with guests—and can affect a wide array of hospitality revenue streams, says a report released late Thursday from the processor Adyen NV. Some 37% of respondents say they have abandoned the booking process because they weren’t able …
-
20 September
A Top Visa Official Outlines Four Big Trends Impacting Acquirers
Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …
-
19 September
The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …
-
19 September
Card91’s Digital Prepaid Card and other Digital Transactions News briefs from 9/19/24
Card91, an India-based technology company, introduced a platform that offers a digital prepaid card that also functions as an ID and access card. The product is aimed at corporate employees and students. KM Malta Airlines, a new air carrier, has agreed to adopt a payments-orchestration platform from CellPoint Digital. Online-security firm DefenseStorm said it …
-
18 September
EPSG Marks a New Direction With Its Rebranding to Echelon
Echelon Payment Solutions Group may be a new name in the acquiring industry, but its roots extend to 2006. Once affiliated with EVO Payments and known then as EVO Platinum Services Group (EPSG), Echelon is its own entity offering payment services and providing support for its sales partners. Melville, N.Y.-based …
-
18 September
Market Pay’s Versatile App and other Digital Transactions News briefs from 9/18/24
France-based fintech Market Pay has launched a single app it says can process payments from both point-of-sale terminals and Android or iOS smart phones. FICO, a U.S. developer of fraud-prevention technology, said it is working with Jersey Telecom in the United Kingdom to develop software that can detect telephony signals in real …
-
17 September
Cubic Launches a QR-Code Fare System; NMI Partners on Contactless Fares; ModeShift’s Digital Fares
Cubic Transportation Systems Inc. early Tuesday launched Umo ScanRide, a QR-code-based fare-collection solution for transit systems. To pay a fare using ScanRide, consumers scan a QR code with a mobile phone. The fare is then displayed on the user’s phone screen and debited from her ScanRide wallet. Consumers can fund …
-
17 September
Alviere’s Loyalty Wallet and other Digital Transactions News briefs from 9/17/24
Alviere, a platform for embedded payments, has launched its Loyalty Wallets product, which features pay-by-bank functionality. The wallets can be funded by ACH transfer or direct deposit. Bank3, a community bank in Tennessee and Mississippi, has chosen Tyfone Inc.’s Instant Payment Xchange technology, meant to facilitate real-time payments on the FedNow system. The …
-
16 September
Crate & Barrel Teams With Adyen to Connect Its Offline And Online Sales Channels
Retail chain Crate & Barrel Holdings has partnered with Adyen NV to process payments for its 110 physical stores in the United States and Canada. The deal also covers processing for Crate & Barrel’s CB2 stores, a sister brand that sells modern furniture. Crate & Barrel will use Adyen’s unified …
