Shift4 Payments Inc. has long made no secret of its plans to expand the average size of the merchants it serves, but early on Thursday its chief executive made the company’s overarching strategy crystal clear following recent signings of such international clients as Time Inc. and SpaceX’s Starlink satellite business, …
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PayGround Secures $5.5 Million in Funding And Other Digital Transactions News briefs from 7/29/22
PayGround, a payments fintech specializing in health care, completed a $5.5-million funding round led by FCA Venture Partners and Lewis & Clark Ventures. The financing follows a $4-million seed round for PayGround last year.Chargebacks911 said its partnership with FIS Inc.’s Worldpay unit now includes Disputes Deflector, a set of chargeback and …
Read More »It’s Too Soon To Know Impact of New Routing Proposal, Mastercard Says
Mastercard Inc. executives are paying close attention to a new proposal in the U.S. Congress that could alter merchant choice in routing credit card payments. Concurrently, its earnings are riding the crest of a wave that includes consumer spending and the resurgence in travel. A bipartisan bill sponsored by senators Richard …
Read More »Visa’s Kelly Touts Visa Direct to Attack P2P Fraud As the Network Reports a Strong Quarter
Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …
Read More »Mobile Payment Use Increases and other Digital Transactions News briefs from 7/27/22
Consumers making a mobile payment at least once a week increased to 58% in the first half of 2022, compared with 46% in the same period in 2021, according to ACI Worldwide Inc.’s latest 2022 ACI Speedpay Pulse survey.E-commerce specialist Signifyd said a survey it commissioned found that 66% of respondents cut back their …
Read More »Waitr Secures MetLift Stadium Deal And Other Digital Transactions News briefs from 7/26/22
Waitr Holdings Inc., which is changing its name to ASAP, said it will be the exclusive mobile ordering platform for the New York Giants, New York Jets, and MetLife Stadium, the venue shared by both teams.The worldwide tokenization market is forecasted to grow from $2.6 billion in 2021 to $12.7 billion by …
Read More »Mastercard Makes a Quantum Leap And Other Digital Transactions News briefs from 7/18/22
Mastercard Inc. and D-Wave Systems Inc., a quantum computing systems firm, announced a multiyear alliance to advance the adoption of quantum computing technology in areas such as consumer loyalty and rewards, cross-border settlement, and fraud management applications.Payments provider Adyen NV said it has processed 10 million donations by buyers on the commerce platform …
Read More »Lit on Fire by Covid, E-Commerce Will Hit $20 Trillion Globally by 2026, RBR Says
It is generally accepted that the pandemic energized online commerce, but now research is starting to emerge showing just how extensive that effect has been. “Global Payment Cards Data and Forecasts to 2026,” a report released Wednesday by the London-based research firm RBR, indicates e-commerce card spending came to $7.7 …
Read More »Eye on Real Estate: Bank Shot Adds Digital Checks; Prometheus Launches Crypto
Mobile-payment solution provider Bank Shot has added support for digital-check acceptance in the real-estate market. The new feature will enable consumers to initiate an earnest-money or rent payment via a digital check. In addition, real-estate brokers, title companies, and property managers can use Bank Shot to pay realtor commissions. Bank …
Read More »Security Notes: CBDCs: Hit the Pause Key
Central banks around the world are gripped by an uncharacteristic frenzy. Almost every central bank is at least setting up “commissions” to look into the alluring—yet jarring—prospect of redefining their national currencies. A few countries simply embraced Bitcoin, straight. The second-biggest economy in the world, China, is actively experimenting with …
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