Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider Nuvei Corp. closed on its previously announced $1.3-billion deal to acquire Paya Holdings Inc. Nuvei will release fourth-quarter and full-year 2022 results on March 8. Earlier this week, Paya released figures indicating its 2022 payments volume totaled $49.5 billion, with 2022 revenue of $282.7 million and net income of $8.3 million. Processor Evertec …
February, 2023
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22 February
Stripe Launches Its Enhanced Issuer Network to Tackle Fraud And False Positives
Stripe Inc. late Tuesday announced the launch of its Enhanced Issuer Network to help merchants reduce fraud and false positives and increase authorization rates. Card issuers within the network, which include Capital One Financial Corp. and Discover Financial Services, can incorporate Stripe Radar fraud scores into their own authorization tools. …
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22 February
U.S. Consumers Now Loom Large for Sweden’s Klarna
The United States has become buy now, pay later provider Klarna AB’s largest market by revenue, the company announced Tuesday. BNPL use blossomed during the pandemic and continues to find favor as inflation concerns push consumers to make value-based spending decisions. With 8 million monthly active users of the Klarna …
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22 February
42% of Income Spent on Bills And Other Digital Transactions News briefs from 2/22/23
The average U.S. household spends $29,459 per year on bills, amounting to 42% of income, according to the “2023 U.S. Bill Pay Market Size & Category Breakout Report” from bill-pay processor doxo. Mission Lane, a fintech providing access to credit and debit products to more than 2 million consumers, said it …
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21 February
NCR Expands Its ATM Service With Walgreens To Include Almost All Stores
NCR Corp. has expanded its agreement with Walgreens Co. to provide ATM services to nearly all Walgreens stores in the United States, the District of Columbia, and Puerto Rico. NCR already provides ATM services to an unspecified number of Walgreens locations through its Allpoint ATM network. Walgreens operates 9,021 stores …
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21 February
As FedNow Prepares for Launch, Bankers’ Banks Enlist Help for Real-Time Payments
With the launch of the Federal Reserve’s FedNow real-time payment service expected by mid-year, payments players are lining up clients to take advantage of the service. The latest is Pidgin Inc., a startup payments platform specializing in supporting financial institutions. The Atlanta-based company early Tuesday announced that Community Bankers’ Bank …
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21 February
PayJunction Readies A2A Integration And Other Digital Transactions News briefs from 2/21/23
Payments provider PayJunction released an updated version of its developer toolset to enable software companies to integrate account-to-account bank transfer connectivity within their platforms. Equipifi, a white-label buy now, pay later provider, said customers of credit union ACU of Texas can now use BNPL as a payment method with their existing debit …
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20 February
Serving 10,000 Vet Clinics, Vetsource Launches a Processing Capability
Vetsource, a provider of technology, pharmacy, and business services to veterinary practices, has added payment processing capabilities to its platform. In addition to supporting credit and debit cards, e-wallets, and online and automated clearing house payment-processing options, Vetsource says its new service will enable veterinary practices to offer payment methods …
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20 February
Is FTX in the Rear-View Mirror? Bitcoin Rebounds Sharply As Headwinds Persist
The leading digital currency Bitcoin hasn’t returned to the values it enjoyed early last year, but it appears to have rebounded from the beating it—and the cryptocurrency industry as a whole—took in the wake of the sudden collapse in November of the major trading platform FTX.com and the bankruptcy in …
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20 February
Bitcoin Bill Pay Enabled And Other Digital Transactions News briefs from 2/20/23
The cryptocurrency exchange Bitcoin of America announced users can pay their utility bills at kiosks operated by the company in Illinois and Texas by converting their virtual currency holdings into dollars at the machines. Samsung Electronics Canada launched a new version of its Samsung Galaxy S23 Series of mobile phones in that country, with …
