Digital Transactions Authoritative, insightful and timely information for payments professionals
EasyPark Group, a provider of technology that allows drivers to find and pay for parking, said it has acquired rival parking app developer Parkopedia. Terms were not announced. The health-care fintech Veuu Inc. announced it will work with Wipro Ltd., a consulting company, to develop an instant-payment service for transactions between payers …
February, 2025
-
14 February
How Online Marketplaces Are Making It Easier to Access Tools for Large-Scale Fraud Attacks
Fraud-as-a-service offerings last year made it easier than ever for criminals to perpetrate mega-fraud attacks across payment, social media, and cryptocurrency platforms, says a report from AU10TIX, a provider of identity-verification solutions. Fraud-as-a-service refers to online marketplaces that sell the tools criminals need to perpetrate fraud, such as artificial-intelligence-based tools …
-
14 February
Clover, Square, And Epos Now Top a Javelin Ranking of POS Systems for Small Businesses
The days of placing a point-of-sale terminal on a small business’s countertop and calling it enough have long passed. Now, as these merchants—defined as having less than $1 million in annual sales—want just as much varied payment acceptance and operational software sophistication as much larger ones, Javelin Strategy & Research …
-
13 February
Global Payments Gets Set for a Rollout of Genius, Its POS Package
Global Payments Inc. will roll out its revamped Genius point-of-sale package of products and services domestically in May as a common brand, with an international rollout late this year, chief executive Cameron Bready assured listeners on a conference call early Thursday. A major repositioning of the Atlanta-based company’s acquiring technology, …
-
13 February
Stripe Teams With Spade on Data Tool for Issuers
Stripe Inc. announced late Wednesday it is partnering with Spade, a provider of real-time merchant intelligence for card issuers, to provide issuers on the Stripe platform with data to verify a merchant’s identity during the authorization process. Spade provides information such as merchant name, category, and geolocation within 50 milliseconds. …
-
13 February
Payment Attacks Lessen and other Digital Transactions News briefs from 2/13/25
Identity and verification services firm AU10TIX released its “2024 Report on Global Identity Fraud” that found 54% of attacks in the first quarter were against the payments sector but declined to 43% by the fourth quarter because of tougher law enforcement. Euronet Worldwide Inc., a U.S.-based processor operating in Europe, said that …
-
12 February
Peer-to-Peer Platform Zelle Handled a Record $1 Trillion in Volume In 2024
Zelle, the peer-to-peer payments service from Early Warning Services LLC, announced early Wednesday that dollar volume sent over the network last year totaled a record $1 trillion, up 27% from 2023. Transactions for the year totaled 3.6 billion, a 25% year-over-year increase, while the number of consumer and business accounts …
-
12 February
Eye on Travel: Cruise Line Gets Onboard With PayPal; Worldline And Freedom Eye Travel Expansion
It may be the midst of winter, but some payment companies are preparing for the travel season. Travelers booking passage on a Norwegian Cruise Line ship can now use their PayPal Holdings Inc. digital wallet to pay for their cruises. PayPal says the payment option is available for trips with …
-
12 February
One Inc’s Banner 2024 and other Digital Transactions News briefs from 2/12/25
One Inc, a payments platform for the insurance industry, reported it signed 87 new agreements in 2024, with revenue up 55% for the year. The company exited the year at an annual run rate of $100 billion in processing volume, it said. Corpay Inc. said its cross-border payments platform launched Multi-Currency …
-
11 February
A Less Active CFPB Is Expected After the Bureau’s Temporary Shutdown
A subdued Consumer Financial Protection Bureau is likely to emerge in the wake of the order issued over the weekend to close its offices for the week and have employees work remotely during that period. Acting CFPB director Russell Vought, director of the United States Office of Management and Budget, …
