Financial-technology provider Jack Henry & Associates Inc. said it will acquire Payrailz, a provider of digital-payments technology, including real-time peer-to-peer payments capability. Terms of the transaction, which is expected to close by the end of the month, were not disclosed.Payments platform BlueSnap has agreed to support KeyBank’s U.S payments gateway for e-commerce transactions by middle-market …
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BNPL User Counts Are Poised To Explode, So Lenders Must Differentiate Their Offerings
The upward trajectory of buy now, pay later loans shows no signs of leveling off. By 2027, the number of BNPL users globally is projected to more than double, surpassing 900 million, up from 360 million in 2020, according to Juniper Research. The growth will be driven in part by …
Read More »E-Commerce Merchants Drive Big Growth in FIS’s Second Quarter
Processing and banking services giant FIS Inc. said revenue from its digital-only merchants increased 28% in the first half of the year, while its merchant solutions overall experienced a 12% growth in revenue in the second quarter. Jacksonville, Fla.-based FIS said continued e-commerce growth aided to that expansion. And it …
Read More »Solutions + Service = Success
Removing price from the sales equation By John Newton Vice President, Strategic Partnerships at First American by Deluxe “Don’t raise your voice. Improve your argument.” This quote by Desmond Tutu proposes that raising your voice is a sign of weakness; an indication that you did not prepare properly, which leaves …
Read More »Its Stock Battered, NCR Is Reportedly Mulling a Leveraged Buyout
NCR Corp., a publicly traded banking and payments equipment manufacturer and software provider, could go private if rumors of a pending leveraged buyout prove true. The Wall Street Journal reported Tuesday that NCR was in exclusive talks with the private-equity firm Veritas Capital about a possible acquisition. The report noted …
Read More »Gaming Is No Gamble
A report on the state of U.S. gaming indicates steady progress made possible by market discipline and some help from some familiar payment methods. The U.S. gaming industry continues to grow exponentially, making it a highly exciting place to be for those within it. Changes in regulation have allowed more …
Read More »It’s Past Time to Squash Ransomware
Don’t wait to become a victim. The key is to act before you’re attacked. That requires identifying vulnerabilities and shoring up systems. Across the globe, a ransomware attack strikes a business every 11 seconds. This is not a statistic many companies want to think about. But it’s a reality, especially …
Read More »Kasheesh Launches an App That Lets Users Split Purchases Among Their Existing Cards
While buy now, pay later financing has been a big hit with consumers, especially those who use the loans to increase their buying power or as a budgeting tool, they have come under criticism for increasing debt loads for consumers with shaky finances. That has given rise to the idea …
Read More »Mastercard’s First Album and other Digital Transactions News briefs from 6/22/22
Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …
Read More »BofA Card Volume up and other Digital Transactions News briefs from 6/7/22
Total credit and debit card dollar volume for Bank of America Corp. increased 9% in May year-over-year, with credit card volume up 16% and debit volume up 9%, the Bank of America Institute reported.A research report from Aite-Novarica finds what the report calls “excessively high rates” of identity theft, which the report says …
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