Digital Transactions Authoritative, insightful and timely information for payments professionals
Google Wallet is adding the ability to store a digital image of a state-issued ID card along with several other features announced Thursday. In related news, Alipay, a China-based digital wallet with an estimated 1.3 billion users, is enabling users to add Alipay to their Apple IDs for use with …
June, 2023
May, 2023
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31 May
Affirm Expands its Global Reach Through a Partnership With FIS’s Worldpay
BNPL provider Affirm Holdings Inc. has struck a multi-year partnership with payment processor Worldpay to make its Adaptive Checkout solution available to Worldpay merchants. The deal will enable Worldpay merchants to offer consumers bi-weekly and monthly payment options. Worldpay is a unit of the big processor FIS Inc. The deal, …
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31 May
ACI Picks New CEO And Other Digital Transactions News briefs from 5/31/23
ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …
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30 May
Friendly Fraud Is on a Sharp Rise, Chargebacks911 Finds
So-called friendly fraud is a growing problem for many merchants. A report from chargeback-management firm Chargebacks911 reveals that nearly three quarters of the 300 merchants surveyed have seen a 19% increase in illegitimate chargebacks on average so far in 2023 compared to the same period last year. At the same …
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30 May
Sylq Selects ThetaRay And Other Digital Transactions News briefs from 5/30/23
ThetaRay Ltd., a U.S. and Israeli provider of transaction-monitoring technology based on artificial intelligence, said France-based payments provider Sylq has contracted to use its customer-screening product. Fingerprint-authentication provider IDEX Biometrics is working with security firm AuthenTrend to offer smart cards for digital authentication in such applications as cryptocurrency wallets. The product’s launch …
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26 May
Stripe Supports Lotus Online Auto Sales; Fiserv Moves to the NYSE
British automaker Lotus Cars Ltd. has selected Stripe Inc. as the processor for its direct-to-consumer sales in Europe. The deal will enable consumers to configure, order, and pay for cars online. Consumers can use such payment methods as Apple Pay, Google Pay, and bank transfers. Lotus will be able to …
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25 May
BNPL Providers Could Do a Better Job Protecting Consumers, Consumer Reports Finds
Despite the increasing popularity of buy now, pay later loans, some BNPL providers could do a better job when it comes to providing consumer protections, such as disclosing fees and enabling consumers to manage their data and privacy settings, a study by Consumer Reports found. When it comes to the …
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25 May
Faster Payments Are Top of Mind for Most Consumers And Businesses
Instant payments gratification continues to take hold among businesses and consumers. New evidence of that from a couple of Federal Reserve surveys shows that 83% of businesses and 75% of consumers already use some form of faster payments. Favorable sentiment toward instant payments could increase as 66% of businesses and …
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25 May
Priority Makes Bid on Plastiq Assets And Other Digital Transactions News briefs from 5/25/23
Payments provider Priority Technology Holdings Inc. announced it has entered into a so-called stalking-horse agreement to bid on the assets of Plastiq Inc., an 11-year-old payments provider that has entered Chapter 11 restructuring. Terms of the bid were not disclosed. Freshmart, a Puerto Rico-based grocer with seven stores, said it has chosen eGrowcery to …
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24 May
Citizens Launches Cards For the Visually Impaired
Citizens Bank has launched the Private Client World Elite Mastercard, which uses tactile notches on the side of the card to help visually impaired consumers determine the type of card they are using—credit, debit or prepaid—by touch alone. The card features different types of notches to distinguish the card type …
