Sunday , May 12, 2024

E-Commerce

Wedge Joins Fiserv AppMarket And Other Digital Transactions News briefs from 12/19/22

Wedge Financial Inc. said its app, which lets users spend funds from multiple fiat accounts and assets using a single card, has joined Fiserv Inc.’s AppMarket. Work at the New York Fed under an initiative called “Project Cedar” means the United States has officially moved from the “research” phase to the …

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Mobile Fuel Service EzFill Adds a One-Time Payment Service

EzFill Holdings Inc.’s specialty is sending one of its mobile fuel trucks to a driver’s location, thus eliminating the hassle to the driver of having to get to a gas station to fill up the car or a fleet of vehicles. Now, EzFill has launched a new one-time payment service …

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Dealer Pay Joins CDK Program And Other Digital Transactions News briefs from 12/16/22

Dealer Pay, a provider of point-of-sale payment acceptance for auto and truck dealerships, said it has joined the CDK Global Partner Program, which features applications and integrations for automotive dealers. Mastercard Inc. is working with the U.S. International Development Finance Corporation to help support financial institutions and businesses that work with …

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No Slowdown for Record-Breaking Phishing Attacks

Phishing attacks continue to set record highs. The third quarter of 2022 was the highest quarter on record for number of attacks, according to the latest Anti-Phishing Working Group’s Phishing Activity Trends report, released Wednesday. The APWG observed 1,270,883 phishing attacks during the September quarter, up 16% from a then-record …

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An FIS Board Shakeup Arrives As the Processor Begins a Wholesale Company Review

FIS Inc., one of the world’s largest payment processors, is undergoing more changes at the top. Jacksonville, Fla.-based FIS will replace its existing board structure, where Gary A. Norcross, chief executive, also was board chairman, with an independent director as the chair beginning Dec. 16. Replacing him as chairman is …

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Afterpay Most Used BNPL Option by Gen Z And Other Digital Transactions News briefs from 12/15/22

Afterpay, the buy now, pay later service owned by Block Inc.’s Square, is the one most used by Gen Z consumers—those between 18 and 25 years old—according to a survey from Insights in Marketing, a marketing consultancy, with 58% of them having used Afterpay. Next was Klarna at 44%; Affirm …

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Is BNPL Risk Overstated? New Data Suggests It Isn’t

One impression of consumers who use buy now, pay later services is that they may not be as financially literate as others. New data from Capterra, a software reviews and selection platform, indicate that picture may not be entirely accurate. In Arlington, Va.-based Capterra’s “2022 Buy Now, Pay Later Survey,” …

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Billtrust Goes Private And Other Digital Transactions News briefs from 12/14/22

BTRS Holdings Inc., also known as Billtrust, said it will go private on Dec. 16 through a merger with an affiliate of EQT X Fund. The business-to-business payments provider went public in January 2021 through a merger with South Mountain Merger Corp., a special purpose acquisition corporation, or SPAC. Payments provider ACI Worldwide said it …

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The CFPB Proposes to Publish Details on State or Local Enforcement Actions

The Consumer Financial Protection Bureau has become a much more active regulator of payments and other financial industries since the onset of the Biden Administration, and on Monday the agency lent further momentum to that trend. The 11-year-old federal agency is now asking for public comment on a proposal that …

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POS Updates Top-of-Mind for Restaurants And Other Digital Transactions News briefs from 12/13/22

Point-of-sale system maker TouchBistro released its 2023 “State of Restaurants” report that found 76% of restaurant operators changed their POS systems in the past year and 66% used a system with an integrated payment processing service. The study, now in its fifth year, was based on research from 600 full service restaurant …

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Digital Transactions