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The Key to the Future of Financial Services

Here’s why the collection and sharing of data is in a second—and far better—phase. In today’s interconnected world, consumers want to be able to access information when, where, and how they want. Financial information is no exception. Given its nature and importance, however, the sharing of financial data comes with …

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BBQ Holdings Picks Blackhawk’s Gift Card Program and other Digital Transactions News briefs from 8/27/21

BBQ Holdings Inc., owner of Famous Dave’s, Village Inn, and Granite City Food & Brewery, selected Blackhawk Network Holdings Inc. to provide online and in-store gift card products.Integrated-payments provider EngageSmart LLC announced it has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.Klara, …

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COMMENTARY: The Application of AML Regulation Will Be Good for Crypto Exchanges

When talking about crypto exchanges, it’s common to divide them into the big, stable, safe, reliable ones on the one hand, and the little, unknown, shady, and suspicious ones on the other. However, the Financial Conduct Authority (FCA), the UK’s financial regulator, seems not to have a very high opinion …

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Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing And Pricing Rules

With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. “[M]ajor banks and networks continue to interfere with competition for debit business,” …

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Paymentus Acquires Payveris To Build Out It Bill-Pay Platform

Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, announced Tuesday it has agreed to acquire Payveris LLC, a digital money-movement platform, in a deal valued at $152.2 million. Paymentus will pay 56% of the purchase price in cash and the remainder in Paymentus Class A common stock. The acquisition …

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EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21

Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …

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A Remarkable Industry

Welcome to Digital Transactions’ annual Buyer’s Guide. Here, you’ll find just about all the products and services—along with the vendors and their contact information—you’ll need to run your business. Or to start one, for that matter. We have found over the years that the payments industry, particularly in the United …

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Failed Payments Cost Banks, Fintechs, And Companies Nearly $120 Billion Last Year

As banks, merchants, and fintechs scramble to win share in the payments business, they can easily lose sight of the fact that not all payments process properly. In fact, many don’t. Some two-thirds of organizations sustain more than 20,000 failed payments each day, while the toll taken globally by all …

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Mastercard And Verizon Team up on 5G for Payments, But the Collaboration Will Require Patience

Wireless connectivity at faster speeds and with more reliable service could be more widely available to the payments industry in as few as two years or less. Mastercard Inc. and Verizon Communications Inc.’s Verizon Business unit announced Tuesday morning they intend to work together to make 5G connectivity available in …

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ICBA Bancard Adds Real Time Payments and other Digital Transactions News briefs from 7/12/21

ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …

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Digital Transactions