News

December, 2024

• 31 December

  Capital One May Acquire Discover. What Could That Mean?

  

  [Editor’s note: Originally posted Feb. 19, this article is #3 in Digital Transactions News’ countdown of 2024 posts by views.] Capital One Financial Corp. may be on the brink of acquiring Discover Financial Services, if two news reports are accurate. The Wall Street Journal and Bloomberg.com separately reported on Monday a deal between …
• 31 December

  Visa Revamps its Payments Approach

  

  [Editor’s note: Originally posted May 16, this article is #4 in Digital Transactions News’ countdown of 2024 posts by views.] Visa Inc. is taking up the notion of a digital payment identity and making it part of its product mix. Announced Wednesday at the Visa Payments Forum in San Francisco, the Visa Flexible …
• 31 December

  WhatsAppPay Rolls Out in India and other Digital Transactions News briefs from 12/31/24

  

  Meta Platform’s WhatsApp payments service has been permitted by the National Payments Corp. of India, a regulatory body, to roll out WhatsApp Pay to its entire user base of 500 million in that country. Meta formerly was known as Facebook. GasBuddy, which offers a payments card featuring discounts on gasoline, forecasts the …
• 30 December

  Shift4 Addresses Sale Rumors, Lays Out Strategic Plan During Q1 Earnings Call

  

  [Editor’s note: Originally posted May 9, this article is #5 in Digital Transactions News’ countdown of 2024 posts by views.] After months of speculation that Shift Payments Inc. was an acquisition target, company founder and chief executive and founder Jared Isaacman confirmed Thursday the company had indeed received multiple offers. The acknowledgment came …
• 30 December

  Visa And Mastercard Agree to Merchant Rate Cuts and Acceptance Changes in a Major Settlement

  

  [Editor’s note: Originally posted March 26, this article is #6 in Digital Transactions News’ countdown of 2024 posts by views.] Merchant lawsuits challenging credit card interchange and payment card network rules that began nearly two decades ago may finally be heading for resolution under a landmark settlement announced Tuesday by Visa Inc., Mastercard …
• 30 December

  iWallet’s Voice-Based AI Ordering and other Digital Transactions News briefs from 12/30/24

  

  A startup called iWallet announced technology it says supports voice-based ordering using artificial intelligence, while also being compliant with the Payment Card Industry data-security standard. Bitget Wallet, a cryptocurrency platform, said it has surpassed 60 million users globally, achieving a 300% growth rate in user count for 2024. Janover Inc., a commercial …
• 27 December

  Lenders Bring Suit Against Illinois’s Newly Enacted Interchange Law

  

  [Editor’s note: Originally posted Aug. 16, this article is #8 in Digital Transactions News’ countdown of 2024 posts by views.] Several organizations representing banks and credit unions filed a lawsuit late Thursday challenging Illinois’s Interchange Fee Prohibition Act, which was signed into law June 7. The lawsuit, filed in United States District …
• 27 December

  A Fight Over an Illinois Interchange Prohibition Law Is Far From Over

  

  [Editor’s note: Originally posted June 17, this article is #7 in Digital Transactions News’ countdown of 2024 posts by views.] Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set …
• 27 December

  Optimizing payments and financial services to exceed consumer expectations and maximize revenue

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon, Inc. As payments technology innovation continues to evolve exponentially, today’s consumers expect a seamless, connected, and personalized buying experience. Buyers don’t care about payments per se, but the overall shopping experience. ISOs and ISVs that understand this …
• 27 December

  BNPL To Reach $111.2 Billion in Volume by 2029 and other Digital Transactions News briefs from 12/27/24

  

  The worldwide market for buy now, pay later will grow to a volume of $112.36 billion by 2029, up from $32.89 billion in 2023, representing a compound annual growth rate of 22.5%, according to the “Buy Now Pay Later Platform Market” report from Research and Markets. Challenges the market faces include regulatory …