Digital Transactions Authoritative, insightful and timely information for payments professionals
VSoft Corp., a provider of digital-banking and payment solutions to financial institutions, on Wednesday launched the Bread network, a peer-to-peer, consumer-to-business, business-to-consumer, and business-to-business payment network. Bread enables real-time payments between financial institutions within its network. Money sent and money received is kept within the users’ respective financial-institution accounts, as …
September, 2020
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16 September
Avon Calls on Apexx for Processing and other Digital Transactions News briefs from 9/16/20
Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …
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15 September
Payroc Acquires eConduit and other Digital Transactions News brief from 9/15/20
Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for …
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11 September
Amid a Reset, USA Technologies Added More Than 3,600 Customers for the Year
Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …
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11 September
AmEx Hires Wells Fargo’s Taylor To Lead U.S. Merchant Services and other Digital Transactions News briefs from 9/11/20
American Express Co. named Colleen Taylor president of U.S. merchant services. Taylor has been executive vice president of merchant services at Wells Fargo & Co. and had worked at Mastercard Inc.The financial newspaper Barron’s is reporting that publicly held Puerto Rico-based payments processor Evertec has hired Goldman Sachs to advise on plans for a sale …
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11 September
COMMENTARY: What Will the Future Hold for Chargebacks in Digital Payments?
The chargeback process was introduced more than four decades ago as a consumer-protection mechanism. It was meant to inspire consumer confidence in payment cards, which were still a novel concept at the time. Fast-forward to today, though, and these forced payment reversals have evolved into a significant problem for online …
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10 September
NAB Acquires Salido and other Digital Transactions News briefs from 9/10/20
Salido, a vendor of technology to the hospitality industry, announced it has been acquired by payments provider North American Bancard. Terms were not announced.MagTek Inc. said PyePOS, a hospitality point-of-sale system maker, will use MagTek’s DynaDip and DynaWave hardware in its quick-serve restaurant kiosks.EBay Inc. announced it will expand its managed-payments program to France, Italy, …
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9 September
Online Gift Card Sales Soar As Pandemic Restrictions Send Consumers to Their Laptops
The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …
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9 September
Fanatics Adds Installment Payments and other Digital Transaction News briefs from 9/9/20
Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …
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9 September
FIS Rolls Out a Set of APIs Aimed at Easing Multiple Payment Options Without Multiple Providers
Payments provider FIS Inc. on Wednesday began rolling out Access Worldpay, a suite of application programming interfaces intended to make it easier and quicker for merchants to implement new payment capabilities, such as mobile payments or tokenization, without having to work with multiple payment partners. Access Worldpay provides a single …
