Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. In part, observers are reacting to a report …
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eTail Virtual Summit & Expo for eCommerce
For over 20 years, eTail has brought together retail innovators to hear inspirational tactical content paired with curated networking. At the eTail Summer Virtual Summit & Expo, you’ll get action-packed stories, disruptive strategies, strategic conversations, and connections with top minds at America’s most successful retailers. No commercials. No egos. …
Read More »Nuvei To Acquire SimplexCC for $250 Million and other Digital Transactions News briefs from 5/7/21
Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …
Read More »Square Online Courts Bars And Brewers With Delivery Via DoorDash
Square Inc. continues to build out delivery services for its Square Online platform with the addition of liquor delivery. Merchants using Square Online that sell liquor can offer customers the option to purchase alcohol from the store’s Web site and have the order fulfilled through Square’s delivery partner DoorDash Inc. …
Read More »Merchants Put the Fed in the Crosshairs of a Lawsuit Seeking to Have Debit Costs Reduced
Merchants have complained for years that they pay too much for debit card acceptance. Late last week, they took their beef to the federal courts with a lawsuit alleging a ceiling set on debit card fees a decade ago by the Federal Reserve is too high and seeking to have …
Read More »How Merchants And Networks Can Transform Shopping
Most merchants can’t afford Amazon Go technology. But that doesn’t mean it’s out of reach. It’s the end of a long day at the office, and you swing into a pharmacy on the way home to pick up toothpaste. You’re not out yet, just running low and being proactive. You …
Read More »Digital Currencies And the Future of Payments
Stablecoins in particular hold significant promise for such functions as cross-border payments. But banks will need to make important adjustments. Innovation in the payments space is occurring at an astonishing rate, with new technology capabilities enabling huge strides to be made in enhancing speed, transparency, and efficiency in transaction processing. …
Read More »13th Annual Field Guide to Innovative Payments
It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …
Read More »The New Point of Sale
Challenged in the past year, merchants are readying for major point-of-sale hardware and software upgrades to adapt to new consumer expectations. Some merchants have had to delay much-needed point-of-sale system upgrades. Others are adding them to stay afloat in the immediate moment. And still others are incorporating make-shift steps to …
Read More »Security Notes: Bitcoin: A Sober Analysis
Seven and one-half billion dollars in ransomware payments per year is the U.S. cost for upholding the tantalizing idea of Bitcoin, and that is but a fraction of the multifaceted criminal activity that owes its surge to a coin that builds trust on ignorance and awe. Pillars of the U.S. …
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