Digital Transactions Authoritative, insightful and timely information for payments professionals
Fiserv Inc. said it has acquired Smith Consulting Group, a Lake Mary, Fla.-based advisory service for community banks and credit unions. Terms were not disclosed. Reverb, a marketplace for musicians, has introduced its Reverb Wallet, which allows sellers to use marketplace earnings to buy new musical gear. The wallet was developed …
September, 2025
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25 September
A Report Says Banks Pay 2.3 Times More to Onboard Merchants Than Pay Tech Firms Do
Landing a coveted merchant account is a top goal for many banks and payment technology firms, but banks may be at a disadvantage. It can cost up to 2.3 times more, on average $496, for a financial institution to onboard a merchant for payment services, as a paytech may spend …
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25 September
Klarna Tops 1 Million Cards and other Digital Transactions News briefs from 9/25/25
Klarna AB said more than 1 million consumers have signed up for its Klarna Card since the product debuted in the U.S. market July 4. The daily signup rate for the debit card reached 50,000 on Tuesday. The news follows the company’s announcement last month that it has become an in-store payment method …
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24 September
Red Lobster Is the Latest Restaurant to Add an AI Phone-Ordering System
SoundHound AI Inc., a provider of artificial intelligence-based voice technology, said Red Lobster Hospitality LLC will roll out SoundHound’s AI-powered phone-ordering system across the restaurant chain’s more than 500 locations. The system will enable SoundHound to field all incoming calls for takeout orders, provide answers to common customer questions, such …
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24 September
Eye on AI: Seon Enlists AI To Cut Manual Review Time; Sigma360 AI-Driven Transaction Screening Debuts
Artificial-intelligence tools continue to find their way into the payments system. Two companies, Seon and Sigma360, are the latest to incorporate AI into new products. Austin, Texas-based Seon Technologies Ltd. says its new AI suite can help reduce manual review times on transactions by up to 50%. It does this by …
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23 September
Consumer Reports Issues a Fintech Playbook That Could Aid Trust
Consumer-advocacy organization Consumer Reports on Tuesday issued its “Fairness By Design Playbook” with expectations it can help fintechs build consumer trust. The new guide starts with the Consumer Reports thesis that what it calls fair design is not just beneficial to consumers, but can help organizations create sustainable financial products …
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23 September
Mastercard’s Alipay Tie-in and other Digital Transactions News briefs from 9/23/25
Mastercard Inc. is working with Alipay+, Ant International’s wallet, to introduce near-field communication capability for overseas transactions on Kakao Pay, a mobile wallet in South Korea. In related news, Mastercard launched its Global Reach Partner Program, aimed at easing expansion into new markets for merchants through consulting and advice. Paga Group, an African …
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22 September
SpotOn Launches a Tip Payout App; Toast Looks to Fight Food Insecurity
SpotOn Transact LLC has launched DayCheck, an earned-tip payment app that automates employee tip payouts for restaurants. The app, which integrates with SpotOn’s Teamwork labor-management platform, automatically calculates tips earned by employees. After tips have been calculated, the information flows into Teamwork, which records the payouts in the payroll report, …
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22 September
Paysafe Picks up CMC and other Digital Transactions News briefs from 9/22/25
Paysafe Ltd. will process payments for online-trading and investment platform CMC Markets under a newly announced agreement. Some 83% of U.S. executives think that by 2027 most payments will be assisted in some fashion by artificial intelligence, but 25% report they’re losing at least $1 million a year at online checkout, …
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19 September
EMVCo Sets Sights on a Car Charging POS Standard and other Digital Transactions News briefs from 9/19/25
Payments standards body EMVCo is working with CharIN, a standards developer for electric-vehicle charging systems, to introduce what the two organizations call a “seamless and secure payment experience” for electric-vehicle charging worldwide. Bolt Financial Inc., a checkout and payments technology provider, announced Bolt Activate, a program aimed at assisting startups in digital commerce …
