Led by robust growth in its merchant-processing unit, FIS Inc. Tuesday morning heralded a strong second quarter, with record sales and with momentum continuing deeper into the summer, according to the Jacksonville, Fla.-based company’s top executives.  Speaking to equity analysts to discuss the company’s second-quarter results, management also outlined a …

Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL.  Square on Sunday announced it was acquiring Afterpay, …

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 …

MoneyGram International Inc. said its money-transfer business generated revenue of $304.9 million in the second quarter, a 20% increase from $253.1 million in the year-ago quarter. Transaction growth for the segment increased 20%, too. A full 33% of these transactions were digital, the Dallas-based payments company reported. That’s up from …

Alphabet Inc.’s Google unit is betting its partnership with Marqeta Inc.to issue a tokenized virtual Google Pay card will entice consumers to use Google Pay more often for day-to-day purchases online and in-store.  The new card, announced this week, allows users to make purchases with their Google Pay balance using a …

By Anita Lemaire, Product Executive, Global Cards and Payments, FIS The buy now, pay later (BNPL) market is expected to grow 181% by 2024, and will account for 13% of all global e-commerce payments that same year, according to the 2021 Global Payments Report by Worldpay from FIS. These post-purchase …

As they have for rival Visa Inc., transaction volumes are continuing to improve for Mastercard Inc. as world commerce stages its recovery from the impact of the pandemic. “The strong momentum we started the year with accelerated this quarter,” chief executive Michael Miebach said Thursday morning during a session with …

PayPal’s boss made a declaration Wednesday afternoon that may have been as much a warning to incumbent merchant acquirers as it was a promise to storefront merchants. Referring to PayPal’s new transaction pricing schedule, expected to go into effect Aug. 2, chief executive Dan Schulman made it clear PayPal will …

As open banking continues to gain momentum, providers of the technology continue to grow their ecosystem of partners to make it easier for financial institutions to validate accounts and the availability of funds within an account. Nymbus, a provider of banking-technology solutions, has partnered with Plaid Inc. to authenticate and fund …

If you’re not offering contactless solutions or online ordering to your current book of business, what’s holding you back? By: Angela Carranza, Manager, Strategic Partnerships, First American Payment Systems As recently as 2018, contactless payment technology was in its infancy in the United States, with just 0.18%* of POS transactions …