Digital Transactions Authoritative, insightful and timely information for payments professionals
Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …
November, 2024
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14 November
Mastercard Plans to Tokenize All Online Transactions by 2030
Mastercard Inc. unveiled plans late Wednesday to tokenize card numbers for all online transactions globally by 2030. The move will make the need for physical card numbers, passwords, and one-time codes for online purchases obsolete, the network says. Tokenization masks in-the-clear card numbers with digits that would be indecipherable to …
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14 November
PayPal Dives into Shared Funding Efforts
PayPal Holdings Inc. is hoping to enable the power of community with a new funding service that enables multiple individuals to contribute to one account. Dubbed a “pool” by PayPal, the service means contributors can chip in to pay for group gifts, travel, special events, and other shared expenses. Announced …
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13 November
Level the card-fee playing field with dual pricing
Paying with a card is very popular with consumers. They love the convenience and security of not carrying cash. For merchants, however, these payments come with a price: Processing fees. Getting paid with plastic often means merchants have to pass that expense on to their consumers. Even with low-rate accounts, …
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13 November
GrabScanGo And MagTek Bring App Clip Technology to Hotel Mini Markets
GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with MagTek Inc. to provide an App Clip through its GrabScanGo, service that enables consumers to purchase …
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13 November
Paysafe Beefs up Its Sales Force As It Looks for Merchant Growth
Since he took over as chief executive in 2022, Paysafe Ltd.’s Bruce Lowthers has stressed what he sees as a crucial need for stronger, and direct, merchant sales to effect the turnaround he wanted to see at the international processing giant. Early Wednesday, he noted the company is ahead of …
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13 November
Shift4’s Jaguars Tickets Deal and other Digital Transactions News briefs from 11/13/24
The National Football League’s Jacksonville Jaguars agreed to use Shift4 Payments Inc. to process ticket sales at its home venue, Everbank Stadium. Buy now, pay later provider Sezzle said retailer Rural King, with 130 stores, will offer the BNPL service. Payments provider Repay Holdings Corp. reported third-quarter revenue of $79.1 million, up 6% from the same …
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12 November
Overhaul Your Payment Processing with Payarc’s PAYFAC Platform
Empower Your Business with Seamless Transactions In today’s digital ecosystem, software companies have a wide range of options to create unique payment experience for consumers. Recently, payment facilitation has been an increasingly popular choice for business owners when it comes to accepting payments. Instead of each business needing to establish …
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12 November
Shift4 Concedes Some Shortfalls While Posting a 49% Rise in End-to-End Volume
Shift4 Payments Inc. reported a strong third quarter early Tuesday, but by some measures it wasn’t strong enough, and the big processor’s top management frankly admitted as much in a morning call with equity analysts to discuss the results. “We’re clearly number-one in hospitality payments in the world,” said the …
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12 November
RTP Network Surpasses 1 Million Payments Per Day; Viamericas Employs RTP and FedNow for Cash-to-Account Transfers
The RTP network has reached a major milestone, averaging more than 1 million payments per day, The Clearing House Payments Co. LLC says. In addition to crossing this threshold, the RTP network, which TCH launched in 2017 as a real-time payments network, also set a single day record of 1.46 …
