Payments provider i3 Verticals Inc. posted fourth-quarter 2023 revenue of $96.4 million, a 13% increase from $85.3 million for the same quarter a year ago ended Sept. 30. Quarterly income of $3.4 million reversed a $4.4 million loss last year. For the full year, i3 Verticals had a loss of $2.7 million, …
Read More »2024 Juniper Trends Range from Account-to-Account Payments to Value-Added Services Atop FedNow
As 2023 winds down, Juniper Research is out with its top 10 trends for payments and fintechs in 2024. Chief among them is a challenge to cards in e-commerce and funding for wallets through account-to-account payments. Closely related is the prospect for FedNow, the nascent real-time payment service from the …
Read More »Eye On Stadiums: Shift4 Adds the Miami Dolphins; Oakview Group Partners With Oracle
Shift4 Payments Inc. extended its reach in stadium payments Wednesday by partnering with the National Football League’s Miami Dolphins and Hard Rock Stadium to process payments for ticket sales for Dolphins games and other events at the stadium. The deal builds on Shift4’s integration with Ticketmaster Entertainment LLC, which was …
Read More »U.S. Retailers’ Fraud Toll And Other Digital Transactions News briefs from 11/15/23
The United States accounts for 57% of retailers that reported a breach this year, according to Trustwave’s “2023 Retail Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies” report. The United Kingdom (8%) and Canada (7%) are a distant second and third. In related news, Riskified Ltd., a provider of technology …
Read More »Some Merchants Take Issue with the CCCA
Small businesses claim they have legitimate concerns that their larger counterparts will be the beneficiaries of lower card acceptance costs should the Credit Card Competition Act become law, argues the Small Business Payments Alliance, a trade organization recently formed by the Electronic Payments Coalition. Among the concerns about how the …
Read More »Paysafe Continues Its Recovery As It Focuses on Bolstering Growth
Paysafe Ltd.’s chef executive early Tuesday pointed to progress in the processor’s growth plan and outlined moves aimed at bolstering both the company’s product line and its stock. A new digital wallet aimed at U.S. small businesses will launch before year’s end, while the company’s board authorized a $50-million share-repurchase …
Read More »Zelle’s New Education Campaign And Other Digital Transactions News briefs from 11/14/23
Zelle, the person-to-person payment service from Early Warning Services LLC, said it will launch a consumer education campaign video series this month to help educate consumers how to spot and avoid financial scams, specifically imposter scams. Zelle, in a statement to Digital Transaction News, also said most Zelle transactions—99.9%—are without any …
Read More »In An About Face, Zelle Banks Issue Refunds to Users Victimized By Scams
Banks in Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, have been issuing refunds to consumers duped by fraudsters into sending money using the network, according to a report Monday by Reuters. The reimbursements, which the banks have reportedly been paying out since June 30, represent a …
Read More »Fanatics Adds Paysafe’s Raft of Card and Alternative Payments for Online Betting
Fanatics Betting & Gaming, which launched its first retail sports-betting location in January and its mobile sportsbook in May, will use the card-payment and alternative-payment methods offered by Paysafe Ltd. Announced Monday, the integration will enable U.S. bettors on the Fanatics platform to make deposits and receive payouts in a …
Read More »Klarna Creator Customization and other Digital Transactions News briefs from 11/13/23
Payments platform Klarna AB added a service in the U.S. market that enables “creators” to open customized online storefronts. PCI Pal, a provider of compliance technology for the Payment Card Industry data-security standard, said it is working with Zoom Video Communications Inc. to launch its services with Zoom Contact Center and Zoom …
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