Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
February, 2025
-
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, …
-
11 February
Worldpay Is Doing Well, But It’s Not a ‘Growth Driver’ for FIS, Execs Say
Top executives at FIS Inc. early Tuesday reported accelerating revenue in 2024 and see that momentum carrying into the new year, but the energy appears to be coming from financial technologies apart from the big Worldpay merchant-processing platform. “Worldpay has not been a growth driver in 2024, and won’t be …
-
11 February
Paysafe Offloads Part of its Business and other Digital Transactions News briefs from 2/11/25
Paysafe Ltd. has agreed to sell its direct marketing payment processing business, including reseller and merchant contracts, to Kort Payments, a company run by Joel Leonoff, Paysafe’s founder and former chief executive. Terms were not announced. Paysafe said this business “consists of direct marketing and other card-not-present volume in both complex …
-
10 February
BNY Sends the Largest Payment So Far Over the 8-Year-Old RTP Network
BNY, formerly the Bank of New York Mellon Corp., early on Monday completed a $10 million transaction over the RTP Network, a record payment for the instant-payments system, which launched in 2017. The transaction, an inter-company liquidity-management payment from BNY client Computershare to an account at another financial institution, is …
-
10 February
Eye on BNPL: Affirm’s Toothy Win; Gateway Adds Klarna Integration
Coast Dental, a dental practice with 100 locations in Florida, Georgia, and Texas, added Affirm’s buy now, pay later payment options. In related news, Decta Ltd., a United Kingdom-based fintech, has integrated Klarna AB’s BNPL service into its white-label payment gateway. Tampa, Fla.-based Coast Dental says the Affirm payment option …
-
10 February
Square’s Funny Restaurant Pitch and other Digital Transactions News briefs from 2/10/25
Acquirer Square released a new video series called “Running a Restaurant Is No Joke” that uses humor to highlight how Square can help restaurant operators. Now live on Square’s Web site, the series also will appear in various media and social outlets. RedotPay, a digital-currency payments platform, said it is working with …
-
7 February
Paysafe’s Shares Climb As Wall Street Buzzes With Takeover Talk
Paysafe Ltd., one of the world’s largest payments processors, has developed a highly sophisticated stake in online gaming, but lately the odds may favor a change in ownership for the publicly held London-based company, according to industry speculation. News emerged late Thursday that the company’s current valuation–$1.4 billion, down from …
