Wednesday , December 4, 2024

Transaction Processing

CellPoint’s PayU GPO Alliance and other Digital Transactions News briefs from 10/2/24

CellPoint Digital, a payments-orchestration platform, announced an alliance with PayU GPO, a platform for alternative payment methods operating in more than 50 markets globally. In related news, payments-orchestration platform Transcard said it now supports payments globally through multiple currencies in an effort to smooth payments for financial companies operating worldwide. Duck Creek …

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Mastercard Agrees to Acquire Minna And Partners With Amazon Payments Services

Mastercard Inc. announced early Tuesday it is acquiring Minna Technologies, a provider of subscription-management applications. Terms of the acquisition were not disclosed. The acquisition will enable consumers to more easily manage, renew, and cancel their subscriptions by providing them a single view of all their subscriptions within their banking apps …

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PayPal Updates Its User Agreement to Collect More Personalized Information

Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …

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Stax Acquires BlockChyp and other Digital Transactions News briefs from 10/1/24

Payments-technology provider Stax announced it has acquired payments-gateway provider BlockChyp. Terms were not announced. Payments provider TrustCommerce said its Cloud Payments platform has been certified by all major U.S. processors, including Fiserv, Chase, Elavon, Global Payments/TSYS, and Worldpay. The temporary-staffing platform Indeed Flex is working with payment provider Branch to launch a service called Same Day …

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Online Ordering And Delivery Make It Easier for SNAP Recipients to Shop, a DoorDash Survey Says

Online grocery delivery provides recipients of SNAP benefits with increased access to food and helps them feel less self-conscious about using their benefits, says a survey Monday from online food-ordering and -delivery service DoorDash Inc. Some 74% of the SNAP (Supplemental Nutrition Assistance Program) recipients surveyed said online shopping helps …

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Two P2P Payments Providers Clear up What ‘Unauthorized’ Means

A fresh report from Consumer Reports finds that two of the four peer-to-peer payments companies it evaluated have cleared up the definition of “unauthorized” transactions pertaining to fraud. The publication last reviewed Apple Cash, Cash App, Venmo, and Zelle in 2022. The issue of what is an unauthorized P2P transaction gained …

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PrePass Marks Integration and other Digital Transactions News briefs from 9/30/24

PrePass, a platform for highway toll payments, said its services can be accessed via an integration with the Motive Marketplace, a platform featuring artificial-intelligence capabilities. A survey of 2,600 consumers in the U.S. market and in seven other countries revealed 61% have cut back on using digital payments or otherwise changed their …

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Wero Ramps Up As a European Account-to-Account Payments Provider And Heads to the Point of Sale

European banks are beginning to roll out a new digital wallet called wero that initially provides account-to-account payments and is expected to be expanded to retail payments as well. If so, wero could prove to be a competitive threat to Visa Inc. and Mastercard Inc., which dominate European payments, raising …

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Paymentus Brings Digital Billing and Payments to Altera Digital Health

Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, has reached an agreement with health-care information-technology provider Altera Digital Health Inc. to include its electronic bill- presentment and payments platform in Altera’s suite of healthcare IT solutions. The deal is expected to streamline the billing and payment processes for health-care providers …

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Consumers Strongly Support Illinois Interchange Law, Proponents Say

The Illinois Retail Merchants Association released a survey late Wednesday showing that voters in the state support the Illinois Interchange Fee Prohibition Act passed earlier this year. The survey comes hard on the heels of a lawsuit filed last month by several organizations representing banks and credit unions challenging the …

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Digital Transactions