Digital Transactions Authoritative, insightful and timely information for payments professionals
Evolv Inc. has partnered with United Bankers Bank to provide a merchant-services program to UBB’s community-bank customers. The deal is expected to advance innovative payment solutions across the financial institutions served by United Bakers Bank, according to Evolv and UBB. The services will make up a “concierge-style, white-glove” merchant-services program …
February, 2025
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6 February
Lightspeed Says It Will Remain Public As It Posts a 17% Revenue Bump
After more than 19 weeks of strategic review, Lightspeed Commerce Inc. said Thursday it will remain a publicly traded company. That will mean a renewed emphasis on retail, too, it said. Montreal-based Lightspeed announced the review in September, having brought back founder Dax Dasilva as chief executive a year ago, …
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6 February
Another Step for Pay by Bank and other Digital Transactions News briefs from 2/6/25
Trustly, an open-banking specialist, will work with payments specialist Spreedly to offer pay-by-bank services to merchants. ACI Worldwide Inc. will work with Banfico, a provider of technology for open banking and regulatory compliance, to help banks and payment service providers in Europe comply with confirmation of payee and verification of payee …
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5 February
Fiserv Gets Set for a New CEO As Bisignano Trumpets a Strong Quarter
President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …
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5 February
Financial Services Companies Are Embracing AI for Customer Interaction and in the Back Office
A new report from Nvidia Corp. sheds some light on how quickly and broadly the financial-services industry has picked up on using artificial intelligence tools for the customer experience and in the back office. In its latest “State of AI in Financial Services” report, Nvidia found that 60% of more …
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5 February
Checkbook Adds Visa Direct and other Digital Transactions News briefs from 2/5/25
Payments platform Checkbook said its users can now deposit funds in real time through Visa Direct to fund bank accounts connected to more than 4 billion debit cards. Merchant’s Pact, a provider of payments services for banks, said an integration with Q2 Holdings Inc.’s digital-banking service will allow banks to offer an …
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4 February
Cyberfraud On the Rise Thanks to AI; Worldpay Acquires Ravelin to Boost Its Fraud Fighting Tech
Thanks to criminals’ increasing adoption of artificial intelligence, cyberfraud rose 14% in 2024, according to a report from Trustpair, a provider of fraud-prevention technology. Overall, 90% of U.S. companies were targeted by cyber fraud the past year, compared to 79% in 2023. The increase is being driven by criminals’ use …
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4 February
PayPal Looks to Growth And Points to a ‘Best in Class Checkout Experience’
PayPal Holdings Inc. reported encouraging growth early Tuesday but left some analysts questioning how long that expansion can continue as the company concentrates on its branded growth initiatives. “Branded checkout is our number-one priority,” chief executive Alex Chriss told equity analysts on a call to discuss the company’s fourth-quarter earnings. “We’re …
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4 February
FIS Enables FedNow Send Capability and other Digital Transactions News briefs from 2/4/25
FIS Inc. said it is one of the first fintechs certified to offer send capability on credit transfers through the FedNow real-time payments network, operated by the Federal Reserve. The company is offering the new service to bank clients for use by both consumers and commercial clients. Hospitality point-of-sale services specialist Olo said …
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3 February
What Lies Ahead for The XMoney-Visa Partnership?
Leveraging tie-ins with sister companies to facilitate payments and converting fiat currency to cryptocurrency are some of the possibilities that lay ahead for XMoney, the digital wallet from social-media platform X, in the wake of its partnership with Visa Inc. Enabling Tesla charging stations to accept the wallet is an …
