Featured

July, 2022

• 8 July

  EMS Expands Service Offerings By Taking a Majority Stake in Paysley

  

  Merchant processor Electronic Merchant Systems announced Thursday that it has taken a majority stake in Paysley, a contactless payments software specialist that enables merchants to send payment requests and QR codes to customers’ mobile phones. Terms of the deal were not disclosed, but EMS chief executive Dan Neistadt tells Digital Transactions …
• 5 July

  Usio Feels the Bite of the Crypto Meltdown, But Sees a Boost In ACH Volume

  

  Despite increasing its automated clearing house volume in June, Usio Inc.’s overall processing volume is taking a temporary hit as one of its clients, digital-asset broker Voyager Digital LLC, announced it is suspending all buying and selling of cryptocurrency though its platform. San Antonio-based Usio made the announcement about the …

June, 2022

• 16 June

  Mastercard Deepens Its Fintech Ties With the Launch of Its Start Path Open Banking Program

  

  With open-banking initiatives growing fast along with payments, Mastercard Inc. late Tuesday launched its Start Path Open Banking global program. The program, which is the latest track of Mastercard’s Start Path Global program that supports later-stage fintech startups, will introduce five open-banking startups to Mastercard’s open-banking executives, customers, and partners. …
• 13 June

  How Small Businesses Are Including P2P Among the Payments Options They Accept

  

  Signs continue to mount that peer-to-peer payments are being adopted by businesses, and in turn could be encroaching on card payments at the point-of-sale.  A recent survey of 530 small businesses conducted by The Strawhecker Group and titled “P2P Payment: A Disruption To Plastic?” reveals that 82% of small businesses …
• 7 June

  Android Specialist MagicCube Extends Dongle-Free Acceptance to Large Merchants

  

  MagicCube Inc. has chiefly aimed its tap-to-pay technology at small sellers to allow them to take card payments directly on an off-the-shelf mobile device. But on Monday the Santa Clara, Calif.-based company announced a version of its i-Accept platform for enterprise and big-box merchants.  To make i-Accept more attractive to …

May, 2022

• 19 May

  How Mobile Apps Have Become the Preferred Shopping Channel for Young and Old

  

  When it comes to shopping, it’s becoming a mobile world. A report released on Thursday by omnichannel-platform provider NewStore Inc. reveals that 88% of consumers surveyed have at least one shopping app on their phone, 50% of respondents have more than four shopping apps, and 9% have more than 10. …
• 11 May

  Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum

  

  Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …
• 9 May

  Bigger Tickets, Savvier Consumers, Higher Losses: It’s All Part of BNPL 2.0, Some Say

  

  At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
• 5 May

  Lightspeed Leverages a Single Platform That Enables POS And E-Commerce Payment Channels

  

  Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions.  The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …
• 4 May

  Behind The Clearing House’s Effort to Bring Tokenization to Its Real Time And ACH Services

  

  Against a background of emerging real-time payments and steady growth in automated clearing house transactions, The Clearing House Payments Co. LLC is working to mask those transfers with a technology the payment card business has used for years—tokenization. The job is enormous. “We’re just starting—it’s going to take time,” says …