Digital Transactions Authoritative, insightful and timely information for payments professionals
By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …
May, 2024
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1 May
Potential Merchant Savings on Swipe Fees Is the Latest Payments Battleground
The war over the proposed Credit Card Competition Act shows no signs of abating as combatants on both sides of the fence continue their efforts to sway legislators and public opinion on the matter of card-acceptance costs. The latest battle centers on data from payments consultancy CMSPI that says merchants …
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1 May
A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal
The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion last year to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its …
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1 May
Mastercard Revenue up 10% and other Digital Transactions News briefs from 5/1/24
Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …
April, 2024
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30 April
Data Breaches Continue to Explode, Increasing 90% in the First Quarter
The number of publicly reported data breaches nearly doubled during the first quarter compared to the same period a year ago, according to the Identity Theft Resource Center’s quarterly report, issued Tuesday. The ITRC tracked 841 publicly reported data breaches during the first quarter, up from 442 during the same …
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30 April
Eye on Acquiring: Mohegan Picks PayNearMe in Pennsylvania; Xplor Capital Debuts
Online-gambling consumers in Pennsylvania using Mohegan Digital iGaming services will be able to use PayNearMe Inc.’s deposit and payout services. Announced Tuesday, the collaboration sees Santa Clara, Calif.-based PayNearMe’s MoneyLine as the exclusive payments platform for Mohegan Digital in that state. Mohegan, the Uncasville, Conn.-based parent company of numerous casinos, …
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30 April
Roller Launches Analytics and other Digital Transactions News briefs from 4/30/24
Roller, a developer of payments and management technology for attractions and events, launched Analytics, a platform incorporating technology from Google’s BigQuery offering to generate business insights. The average ransom payment to decrypt data locked up by cyberthieves is now $2 million, up five-fold from a year ago, according to data …
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29 April
Digital Bill-Payment Specialist Doxo Responds To an FTC Lawsuit Alleging Deceptive Practices
Firing back at a Federal Trade Commission lawsuit alleging deceptive practices in the bill-payment business, doxo Inc. has issued a statement claiming the charges are inaccurate and push a narrative that will prevent bill-payment providers from streamlining the digital bill-payment process. The FTC lawsuit, filed late last week, charges doxo …
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29 April
Paysafe Adds a Pay by Bank Option for Online Bettors
Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …
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29 April
Veritran Partners with Swift and other Digital Transactions News briefs from 4/29/24
Veritran, a U.S. technology company, said it is working with global financial-messaging service Swift to enable a smoother process for bank customers looking to make cross-border payments. Some 78% of community and regional banks plan to widen payments and merchant services for small businesses in coming months, with 96% planning …
