Digital Transactions Authoritative, insightful and timely information for payments professionals
Mastercard Inc. has started processing card payments domestically in China, working with its partner NetsUnion Clearing Corp. (NUCC), China’s nationwide processing platform. Gift card and loyalty provider Factor4 completed an integration with commerce services provider Shopify Inc. that enables Shopify customers to sell and accept physical and digital gift cards in store and …
May, 2024
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9 May
Shift4 Addresses Sale Rumors, Lays Out Strategic Plan During Q1 Earnings Call
After months of speculation that Shift Payments Inc. was an acquisition target, company founder and chief executive and founder Jared Isaacman confirmed Thursday the company had indeed received multiple offers. The acknowledgment came at the outset of Shift4’s first quarter earnings call early Thursday. Despite the offers being “materially higher” …
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9 May
Behind Open Banking’s Growing Appeal to Consumers, Merchants—And Card Networks
Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …
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9 May
Lightspeed Tees up in Myrtle Beach and other Digital Transactions News briefs from 5/9/24
Lightspeed Commerce Inc. announced it is supplying payments capability for the Myrtle Beach Area Golf Course Owners Association in South Carolina, which includes more than 70 golf courses. The Western Union Co. resumed service between the United States and Cuba after technical issues in January disrupted it. Payments provider Priority Technology Holdings Inc. reported $205.7 million …
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8 May
Eye On Restaurant POS: Toast And Olo Post Strong Q1 Growth
Processors and service providers focused on restaurant point-of-sale systems are enjoying strong growth as restaurants remain one of the hottest markets in digital payments. Two companies reaping the fruits that growth are Toast Inc. and Olo Inc. Toast Inc. posted annual recurring revenue of $1.3 billion during the first quarter …
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8 May
Pax Unveils Vendall and other Digital Transactions News briefs from 5/8/24
Point-of-sale terminal company Pax Technology Inc. launched Vendall, a payments system for vending machines, minimarkets, and other unattended markets. Nacha, the automated clearing house governing body, noted the 50th anniversary of its formation, noting there were 31.5 billion ACH network payments made in 2023 valued at $80.1 trillion. In related news, Phixius, a …
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7 May
Eyeing a Competitive Restaurant Market, Square Launches a Kiosk
Square, the acquiring arm of Block Inc., is the latest to launch a dedicated kiosk for quick-service restaurants. Announced Tuesday, Square Kiosk combines hardware and software to enable self-ordering and payment. Available later this summer for all Square for Restaurants merchants, Square Kiosk accepts multiple payment methods including contactless and …
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7 May
PayNearMe in Trustly Deal and other Digital Transactions News briefs from 5/7/24
PayNearMe, a payments provider for iGaming, online sports betting, and other markets, announced it is integrating open banking capability through a new agreement with Trustly. Visa Inc. launched Visa Account Attack Intelligence, a platform that harnesses generative artificial intelligence to generate a score indicating the probability of card-testing attacks by fraudsters …
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6 May
PayNearMe Enables Cash Toll Payments on Cashless Tollways
Growth in cashless tollways has been a boon for moving traffic. Now, PayNearMe Inc., a fintech that enables paying for online transactions with cash among other payment methods, says it is working with Kapsch TrafficCom to enable a way for those without access to in-car wireless toll payments to pay …
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6 May
Zark Expands Payment Options and other Digital Transactions News briefs from 5/6/24
Zark Parking Solutions Inc., a parking-reservations platform, said it is adding payment options, including an integration with Apple Pay, single-click log-ins with Google and Apple, and its own Web app. Sales by U.S. small businesses grew 5.6% year-over-year in April, sending Fiserv Inc.’s April Small Business Index up four points to 145. …
