September 1, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
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September 1, 2020
Big moves by Visa and Mastercard have thrust data aggregators into the spotlight just as the focus of payments is expanding and the aggregation model is modernizing. Like most businesses, the payments world has been upended by the coronavirus pandemic and its impact on buyers and sellers alike. But just …
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August 19, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …
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August 6, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payments provider Lightspeed POS Inc. reported revenue jumped 51% year-over-year in the June quarter to $36.2 million. Its net loss widened to $20.1 million from $9.1 million. Total gross payment volume increased 17% to more than $5.4 billion.Lightspeed also announced the U.S. availability of Lightspeed Capital, a financing service for merchants.Payments provider ACI Worldwide …
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May 1, 2020
The guide has a slightly different name now, but the same purpose—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 …
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April 23, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Prepaid Cards, Pricing, Transaction Processing
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
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April 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
EBay Inc. named former Walmart Inc. executive Jamie Iannone chief executive officer, effective April 27. Iannone, who will succeed interim CEO Scott Schenkel, most recently served as chief operating officer of Walmart eCommerce and was at one time chief executive of SamsClub.com. EBay indicated earlier this year it has plans to …
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February 12, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Prepaid Cards, Transaction Processing
PayPal Holdings Inc. said it and the Center on Crime and Community Resilience at Northeastern University, along with the University of Chicago Crime Lab, formed a research project to examine payment methods used to finance illegally-sourced firearms with the goal of combatting the illegal sale of guns.Processor Fiserv Inc. announced its “Scan to …
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February 3, 2020
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Cornerstone Payment Systems announced the acquisition of Move Your Mountain, a crowd-funding platform. Terms were not disclosed.Digital cross-border payments provider Remitly Inc. launched Passbook by Remitly, a mobile app aimed at immigrants in the United States that features a no-fee account from Sunrise Banks N.A. and real-time transfers via Visa Inc.’s Visa Direct …
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February 1, 2020
Disbursements once were a staid business dominated by checks and ACH direct deposits. No more, thanks to the rise of the gig economy and new payout technology. When they’re owed something, 21st Century consumers aren’t satisfied with waiting to get a check, and waiting again for it to clear. They …
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Digital Transactions Authoritative, insightful and timely information for payments professionals
