Digital Transactions Authoritative, insightful and timely information for payments professionals
Adyen NV has introduced Uplift, an artificial intelligence-based payment optimization app that leverages data from Adyen’s processing platform to help merchants looking to boost conversions, streamline fraud management, and reduce payment costs. The app leverages data linked to global transactions on Adyen’s processing platform. The extent of payment data on …
January, 2025
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10 January
Verifone Launches a Big Salvo in Point of Sale Technology
Verione on Thursday unveiled a new line of payments devices that observers say represent a a sweeping effort by the 44-year-old company to establish a leading position in fast-moving markets like point of sale, mobile POS, and biometric authentication. The product launch includes a new set of point-of-sale devices available …
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10 January
Checkbook Acquires surety and other Digital Transactions News briefs from 1/10/25
Payments platform Checkbook has acquired sureti, a provider of technology for the distribution of insurance payouts. Terms were not announced. The Consumer Financial Protection Bureau said it is asking for comment on implementing existing financial privacy law and how to address what it labeled intrusive data collection and personalized pricing. It also wants comment …
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9 January
Expecting A CCCA Revival, Opponents Spell Out the Bill’s Economic Impact
Opponents of the proposed Credit Card Competition Act expect the bill will be reintroduced in Congress, so the Electronic Payments Coalition launched a pre-emptive strike late Wednesday with a report detailing the bill’s potential economic impact. The study, conducted by Oxford Economics Research, claims the CCCA’s impact on the U.S. …
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9 January
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The Consumer Financial Protection Bureau said Thursday U.S. open-banking standards will be developed under the aegis of Financial Data Exchange Inc., a standards-setting body. The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, …
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9 January
Crypto Payroll Payments? and other Digital Transactions News briefs from 1/9/25
A state senator in Oklahoma has introduced the Bitcoin Freedom Act, a bill that would legalize payroll and vendor transactions in Bitcoin in that state. The move follows the state’s passage last May of a Bitcoin Rights bill. FV Bank, a digital financial institution, has expanded its stablecoin offerings with an integration …
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8 January
Doxo Launches an All-In-One App Aimed at Removing ‘Fragmentation’ From Bill Payments
Bill-payment platform doxo Inc. has launched an app it says streamlines both bill payment and management and helps consumers avoid hidden costs, such as overdraft fees, when paying their bills. The app, called doxoBILLS, allows users to organize and pay bills to more than 120,000 billers and pay any …
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8 January
Seven Years in, the Big Banks’ Real Time Network Nears a Million Transactions a Day
Consumers and businesses are embracing instant payments at a fast clip, even as volume growth makes double-digit increases harder to maintain. And while businesses account for a large portion of dollar volume, most of those blink-of-an-eye transactions involve consumers, says The Clearing House Payments Co., which early Wednesday released the …
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8 January
CFPB Sues Experian and other Digital Transactions News briefs from 1/8/25
The Consumer Financial Protection Bureau sued credit reporting agency Experian over claims it unlawfully failed to properly investigate consumer disputes. In a statement, Experian says the lawsuit is without merit. “It is contrary to longstanding regulatory and judicial precedent and is another example of irresponsible overreach by the CFPB. Our legal position …
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7 January
Adobe Analytics: Online Holiday Sales Hit A Record High In 2024
Consumers spent a record $241.4 billion online from Nov. 1 to Dec. 31, 2024, an 8.7% increase from the same period a year earlier, Adobe Analytics reports. During this period, single-day online sales totaled more than $4 billion on 15 days, up from 11 days in 2023. Smart phones accounted …
