NFTpay, a Miami-based purchasing solution for non-fungible tokens, is accepting American Express and Discover cards for purchase of NFTs. These are assets that have been tokenized via a blockchain and assigned unique identification codes and metadata that distinguish them from other tokens. With NFTpay’s credit card purchasing solution, consumers can …
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Eye on Restaurants: Presto Voice Is Gaining Traction; Lunchbox Taps Finix for Online Payments
Presto Automation Inc. says its voice-ordering system for restaurants represents a $17-million annual revenue opportunity as the company finishes its first full year as a public company. San Carlos, Calif.-based Presto finished the fiscal year ended June 30 with revenue of $26.1 million, a 14.1% decrease from $30.4 million the …
Read More »Klarna’s AI Shopping Aid And Other Digital Transactions News briefs from 10/11/23
Payments platform Klarna AB announced a series of new services, including Shopping lens, which enables shoppers to take a picture of an item in their surroundings to find out where to buy it on the best terms. The service uses artificial intelligence to render the item in a search term. Technology consultancy Thoughtworks said …
Read More »Slake’s Delivery App Supports Crypto Payments; Visa’s Billions in Crypto Volume Since 2021
Slake IT LLC on Monday launched a food-delivery app that enables consumers to pay for orders using cryptocurrency in addition to credit cards. The company, which is supporting the Ethereum platform to enable crypto payments, has partnered with drivers of multiple food-delivery companies, including DoorDash, Uber Eats, and Grubhub, to …
Read More »Rainforest Raises $11.75 Million And Other Digital Transactions News briefs from 10/9/23
Rainforest, an Atlanta-based platform for embedded payments, has closed on an $11.75-million seed funding round led by Accel. Beverly, Mass., has contracted with Passport for support of mobile payments for parking in the town. Passport claims more than 800 cities and other entities using the app. Instant Financial, a provider of earned-wage …
Read More »How FedNow Can Spur New Anti-Fraud Strategies
The Fed’s new real-time payments platform will pose challenges for risk management. Here’s how to cope with that. The U.S. Federal Reserve made its FedNow instant-payments service live in July. It enables a faster flow of cash for companies and individuals, improving the overall flow of money through the U.S. …
Read More »Visa’s Friendly Fraud Rule Change Could Cut $1 Billion From Small Firms’ Chargeback Costs
Visa Inc. is touting recent changes to how chargebacks that could be first-party fraud, also known as friendly fraud, are processed as potentially saving small businesses globally $1 billion in costs over the next five years. Expectations are that the streamlined process will increase merchants’ ability to provide more accurate …
Read More »COMMENTARY: Banks Must Embrace Fintechs If They Want to Reshape the Future of Global Payments
The world of global payments is undergoing major changes as new technologies and players enter the payment space. While banks and financial institutions have historically dominated international payments, we are seeing new innovations and non-traditional competitors redefine how money moves across the globe. In recent years, the entire payments chain …
Read More »TNS Lines up 1,500 ATMs Contract And Other Digital Transactions News briefs from 8/29/23
U.S.-based network-management company Transaction Network Services said its technology will manage connectivity for Spain-based Euro Automatic Cash, a network of 1,500 ATMs. Tiptap, a donation platform, said it will enable Visa member financial institutions to offer customers a platform to make small donations to community charities while they are performing routine banking …
Read More »Visa Alters Chargeback Rules And Other Digital Transactions News briefs from 9/28/23
Visa Inc. says a change to its dispute rules and processes will make it easier for merchants to fight so-called friendly fraud in card-not-present transactions. With such fraud, cardholders dispute legitimate transactions to claim a refund. Payments provider Deluxe Corp. will offer bill-payment technology from Aliaswire Inc. to its banking clients through a new …
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