Digital Transactions Authoritative, insightful and timely information for payments professionals
- Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.
- Payment processor EirthPay announced its launch. EirthPay labels itself an omni-platform payment processor.
- Pushpay Holdings Ltd., a payments provider specializing in the faith sector, has agreed to pay $150 million in cash and Pushpay shares to acquire Resi Media LLC, a video-streaming platform, in a deal expected to close by the end of the month.
- NCR Corp. said it acquired Foremost Business Systems, a point-of-sale and restaurant services company. Terms were not announced.
- Fifteen percent of mid-tier banks and credit unions—with assets between $2.5 billion and $25 billion—said they are connected to The Clearing House Payments Co. LLC Real Time Payments network, according to a Volante Technologies payment modernization survey. Approximately twice that many expect to connect to the RTP network within the coming year.
- Online publishing platform Substack now accepts Bitcoin payments following an integration with OpenNode, a Bitcoin payment processor.
- Buy now, pay later provider Klarna AB said its U.S. customer base doubled to 20 million in June from June 2020. The Klarna app has 4 million monthly active U.S. users.
- ACI Worldwide Inc. said its fraud-management service has exceeded 1 billion in the number of consumers protected.
Related Articles
Check Also
Financial Institutions Press Their Case Against Illinois’s Interchange Law
Plaintiffs in the lawsuit challenging the Illinois Interchange Fee Prohibition Act are pushing hard to …