Digital Transactions Authoritative, insightful and timely information for payments professionals
Despite the dark cloud the U.S. Department of Justice’s recent lawsuit over Visa Inc.’s debit business has cast over the network, Visa finished its fiscal year 2024 on a strong note. Among the highlights during Visa’s earnings call late Tuesday were growth in credentials, tokens, and merchant locations, along with …
October, 2024
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30 October
Worldpay Offers Klarna Globally and other Digital Transactions News briefs from 10/30/24
The big processor Worldpay has agreed to offer Klarna AB as a default payment method to its merchants around the world. Worldpay says it processed $2.3 trillion in volume last year for more than 1 million merchants worldwide. Visa Inc. announced it has agreed to provide real-time money-movement capability for users making deposits …
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29 October
Eye on Payments: Nvidia’s AI Fraud Detection Tool; RTP’s Ongoing Use Grows
The evolution of artificial-intelligence tools toward countering credit card transaction fraud took another step with the launch of a new AI workflow from Nvidia Corp. Meanwhile, the RTP network from The Clearing House Payments Co. LLC finds that 90% of organizations’ counterparties whom they send to or receive instant payments …
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28 October
Shift4 Puts Its Weight Behind Cryptocurrency as a Payment Option
Shift4 Payments Inc. early Monday gave cryptocurrency a big shot in the arm as a payment option with the announcement it will support digital currencies across its merchant network. Shift4 will support coins including Bitcoin, Ethereum, and Solana SOL, as well as US Dollar Coin and other major stablecoins, …
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28 October
Mastercard And Bill Payments and other Digital Transactions News briefs from 10/28/24
Mastercard Inc. has launched Bill QKr, a service supporting merchants and acquirers in accepting and more quickly processing card-based bill payments. 2C2P, AXS, CardUp, Curacel, and FitBank are among the first to adopt the new service. Real-time cross-border payments platform Nium launched Nium Verify, a service the company says can verify both business …
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22 October
Clearent’s New PayFac Service and other Digital Transactions News briefs from 10/22/24
Clearent by Xplor launched its payfac as a service product to help software companies more easily embed payment acceptance into their applications. Fiserv Inc. announced it has agreed to build financial services into the digital platform operated by DoorDash, the online delivery service. Payments provider Shift4 Payments Inc. announced it will acquire transactions for …
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21 October
Thunes And Nium Extend Swift Capability to Enable Cross Border Real-Time Payments
Real-time payments network Thunes Ltd. announced early Monday its connection to Swift, the Brussels-based international financial-messaging network, will enable financial institutions to support the sending and receiving of money to and from more than 3 million mobile wallets globally. Using Thunes’s Direct Global Network, which covers 130 countries and 80 …
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21 October
Mastercard’s Commercial Move and other Digital Transactions News briefs from 10/21/24
Mastercard Inc. unveiled Mastercard Move Commercial Payments, a service to allow banks to support commercial cross-border payments flowing in near real-time. Real-time payments led to more than $1 billion in savings on transaction costs for U.S. businesses and consumers last year, a number forecast to grow to $4.4 billion by 2028, …
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15 October
Tyfone Spins Off a Real-Time Payments Company; Shazam Links With i-payout for Real Time
Tyfone Inc., a provider of consumer and commercial digital banking services for community banks and credit unions, has launched Payfinia Inc., a separate company that provides real-time payments technology. Payfinia’s flagship product will be the Instant Payment Xchange (IPX), which provides consumers with the ability make an account-to-account payment using …
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15 October
One Inc’s Expanded Tie-In and other Digital Transactions News briefs from 10/15/24
J.P. Morgan Payments has entered into an expanded relationship with One Inc, a payments platform specializing in the insurance industry, to focus on property & casualty insurance clients. Consumers will spend $1,778 on average during the upcoming holiday season, according to projections from Deloitte Consulting LLP. The FIDO Alliance, a group backing …
