Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments platform FreedomPay has partnered with Mastercard Inc. to provide businesses with a global payment gateway that it says streamlines sellers’ ability to connect with acquirers, enables them to accept a wider range of payment methods, and simplifies cross-border transactions. The partnership will provide access to more than 230 acquirers …
January, 2025
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13 January
J.P. Morgan Payments Opts for Proprietary POS Terminals
J.P. Morgan Payments, the payments arm of banking giant JPMorgan Chase & Co., is blazing its own path with two new payment terminals, both proprietary to the payment service. Announced Monday, the J.P. Morgan Paypad and Pinpad integrate in-store biometric authentication with payment acceptance. The point-of-sale devices are part of …
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13 January
Magtek’s New E-Commerce Tech and other Digital Transactions News briefs from 1/13/25
Magtek launched its Magensa Cloud Service eCommerce line of software, which it developed with PAAY, a provider of technology that authenticates consumer transactions. Payroc said it has combined its payment-processing capabilities with electric-vehicle chargers from EVMode and payment readers from UIC to offer a new EV charging platform. HTeaO, an iced-tea franchise, …
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10 January
Adyen Rolls Out an AI-Powered Payment Optimization App
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 …
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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 …
