Friday , March 29, 2024

Digital Transactions News staff

Toast Signs Marriott Deal And Other Digital Transactions News briefs from 6/12/23

Restaurant point-of-sale technology provider Toast Inc. has signed an agreement with Marriott International Inc. to make its Toast for Hotel Restaurants product available in the hotelier’s Select service hotels in the United States and Canada. A report from Mastercard Inc. indicates the proportion of cash-only customers in Latin America has dropped from 45% three …

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Shell Picks Vontier’s Payment Tech And Other Digital Transactions News briefs from 6/9/23

Vontier Corp. said its Retail Solutions unit will provide cloud-based payments technology for Shell Oil Co. at more than 13,000 service stations by the end of next year. The U.S. unit of the big cryptocurrency exchange Binance said it will suspend dollar transactions as early as June 13 following word from partners they …

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Apple Cash Adds Recurring Payments And Other Digital Transactions News briefs from 6/8/23

Apple Cash users will be able to set up weekly, biweekly, or monthly Apple Cash payments in the iOS 17 iPhone software coming this fall, Apple Inc. announced. Users also will be able to present digital IDs stored in Apple Wallet to businesses, such as for age verification. More than 96% …

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Coinbase Faces SEC Lawsuit And Other Digital Transactions News briefs from 6/7/23

The Securities and Exchange Commission sued cryptocurrency exchange Coinbase, alleging the company operates as an unregistered broker. The suit comes on the heels of a similar SEC action against Coinbase competitor Binance. U.S.-based stablecoin platform Circle Internet Financial LLC said its Circle Singapore affiliate obtained a Major Payment Institution license from the Monetary …

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80% Use a P2P Payment App And Other Digital Transactions News briefs from 6/6/23

Some 80% of U.S. consumers say they have used a peer-to-peer payment service at least once, while two-thirds report having used a mobile wallet in the past year, according to the 2023 State of Payments report from card-issuing platform Marqeta Inc. The study surveyed 4,091 consumers in February, including 2,013 in the …

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Chase Resolves Double Debit Issue And Other Digital Transactions News briefs from 6/5/23

JPMorgan Chase & Co. late on Friday said it had resolved an issue that was generating duplicate online transactions and fees on customers’ checking accounts. The bank said it was issuing refunds or reversing transactions. At least some of the transactions had been generated through the Zelle peer-to-peer payments platform, though …

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CFPB Notes Payment App Insurance Lacking And Other Digital Transactions News briefs from 6/2/23

The payments industry is beginning to react to a report this week from the Consumer Financial Protection Bureau alerting consumers to the lack of federal deposit insurance for funds held in nonbank payment apps. The CFPB’s report appears to be a cautionary note rather than a call for regulation, at least for …

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J.P. Morgan’s New Marketplace And Other Digital Transactions News briefs from 6/1/23

J.P. Morgan launched its Payments Partner Network, a cloud-based online marketplace for payments providers integrated with the banking giant’s payments platform. The marketplace’s technology is supported by Salesforce. Five-year-old cryptocurrency-wallet provider Magic raised $52 million in a funding round led by PayPal Ventures. The round brings Magic’s total raise to $80 million. Digital …

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ACI Picks New CEO And Other Digital Transactions News briefs from 5/31/23

ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …

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Sylq Selects ThetaRay And Other Digital Transactions News briefs from 5/30/23

ThetaRay Ltd., a U.S. and Israeli provider of transaction-monitoring technology based on artificial intelligence, said France-based payments provider Sylq has contracted to use its customer-screening product. Fingerprint-authentication provider IDEX Biometrics is working with security firm AuthenTrend to offer smart cards for digital authentication in such applications as cryptocurrency wallets. The product’s launch …

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