Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …
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More Salvos Emerge in the Battle Over a Credit Card Networking Bill
Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition fired the latest salvo in its campaign to pass the CCCA, a television commercial that literally shows a consumer getting …
Read More »Cantaloupe Makes a Play for Stadium Pay With a $4.75 Million Deal for Cheq
Cantaloupe Inc., a provider of cashless payment technology for the self-service market, has acquired Cheq Inc. for $4.75 million, Cantaloupe announced late Thursday. Cheq is a payments and ordering platform for sports, entertainment, and hospitality venues. With the acquisition, Malvern, Pa.-based Cantaloupe can enter what has become in recent years …
Read More »Nuvei’s Cash App Integration And Other Digital Transactions News briefs from 2/1/24
Payments provider Nuvei Corp. announced an integration with Block Inc.’s Cash App, allowing Nuvei merchants to more easily adopt Cash App Pay for online checkouts. Worldpay LLC announced it is now operating as an independent company following the close of an $18.5-billion transaction that saw private-equity firm GTCR acquire 55% of its equity, …
Read More »20 Years And Counting. Thank You
Welcome to a party. Digital Transactions is 20 years old, and with this issue we’re celebrating that milestone with a package of stories tracing the development over the years of 10 key topics in digital payments. You’ll find that piece on page 18. But first, we wanted to pause and …
Read More »20 Years of Payments Coverage
Digital Transactions celebrates its 20th birthday with a review of the 10 major themes that continue to preoccupy the industry. When publishers start a magazine, whether in print or online—or both—there’s simply no way to tell how long it will last. There are too many unpredictable factors. But the publishers …
Read More »The ACH’s Star Still Burns Bright
Despite increased competition from real-time payments networks, the automated clearing house remains a force in payments and is expected to remain one for the foreseeable future. “Ubiquitous,” “reliable,” “low-cost,” and “highly efficient” are the adjectives that payments executives seize on when asked to describe what makes the automated clearing house …
Read More »Payments 3.0: A Trend To Cash And Pay by Bank
The fight over interchange—and the future of payments—is moving to a new arena – the point of sale. Proposed rules on debit card interchange could become a sideshow to the main event that seems to be gearing up at cash registers and in remote payments. Two trends seem to be …
Read More »AI’s Time Has Come
Machine learning has long been a tool used by payments companies. Now, artificial intelligence is poised to offer even more utility. Safeguards will be needed. Artificial intelligence is on the cusp of changing how payments companies interact with each other and extract insights from the billions of units of data …
Read More »Amazon Adds BNPL in Mexico And Recruits SellersFi for Amazon Seller Financing
Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …
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