Strava, an online community for athletes, said it is working with Block Inc.’s Cash App unit to launch this year’s HBCU Homecoming Tour, which features running events at U.S. universities. The Consumer Financial Protection Bureau is reportedly seeking comment on Apple Inc.’s practices with respect to contactless payments as the regulator works on …
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Visa Snags Featurespace and other Digital Transactions News briefs from 9/26/24
Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …
Read More »Nuvei’s New Services and other Digital Transactions News briefs from 9/25/24
Payments processor Nuvei Corp. launched a number of new services, including decoupled pay-ins and payouts, and split payments. Embedded-finance fintech Sunbit announced an integration with payments-technology platform Stripe. The move will bring Sunbit’s services to a wider array of in-person service businesses, the company says. Business-automation provider BlueBean Technologies Inc. said it has completed an integration …
Read More »Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24
Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …
Read More »Payments Rank High on Community Banks’ To-Do Lists
Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, …
Read More »Walmart’s Pay-by-Bank Option and other Digital Transactions News briefs from 9/23/24
Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to …
Read More »A Report Shows How Payments Impact Guests’ Experience at Hotels
Payments play a bigger role than many might imagine in how hotels interact with guests—and can affect a wide array of hospitality revenue streams, says a report released late Thursday from the processor Adyen NV. Some 37% of respondents say they have abandoned the booking process because they weren’t able …
Read More »Mastercard’s deal with Safari.com and other Digital Transactions News briefs from 9/20/24
Mastercard Inc. has agreed to a partnership with Safari.com, an Africa-based telecom company, to promote payment acceptance and cross-border payments in Kenya. The Sling Money money-transfer app announced a capability that allows users to load, send, or receive stablecoins while interacting with other wallets or with exchanges. In related news, software developer Envoc said it …
Read More »The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …
Read More »Card91’s Digital Prepaid Card and other Digital Transactions News briefs from 9/19/24
Card91, an India-based technology company, introduced a platform that offers a digital prepaid card that also functions as an ID and access card. The product is aimed at corporate employees and students. KM Malta Airlines, a new air carrier, has agreed to adopt a payments-orchestration platform from CellPoint Digital. Online-security firm DefenseStorm said it …
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