Digital Transactions Authoritative, insightful and timely information for payments professionals
- New research from Datos Insights found that credit and debit cardholders globally made 1.1 trillion purchases worth $45.5 trillion in 2024.
- Buy now, pay later provider Splitit launched its Agentic Commerce Partner Program, an invitation-only effort to bring card-linked installment payments to autonomous shopping agents.
- Some 86% of restaurant operators are comfortable with the idea of using artificial intelligence, though 23% say they are planning to start using new technology to run their businesses, down from 26% last year, according to research from Toast Inc. The research surveyed 712 decision makers between April 18 and May 13.
- Churchill Downs Inc., well-known as the venue provider for the Kentucky Derby, agreed to adopt ATM, debit card, credit card, and check services from Everi, a payments-technology platform.
- Nuvei Corp. announced it will support in-car payments for Volkswagen’s operation in Brazil.
- The number of active ransomware groups around the world has reached an all-time high of 77, up 57% from the same time last year, though the number of victims has leveled off at 1,500 to 1,600 per quarter, according to the quarterly “Ransomware & Cyber Threat Report” released Thursday by GuidePoint Security.
- Fintechs, digital banks, and nonbanks filed 20 applications this year so far for bank charters or bank acquisitions, an all-time high, according to “Seizing the bank charter moment,” a report released Wednesday by QED Investors and Oliver Wyman.
- A new doxo report, “The Bill Pay Economy: How Americans Pay Their Bills,” found that households spend 31% of their income on bills, including utilities, rent, mortgages, and others.
- Payments technology provider Nayax Ltd. said it will expand the deployment of its VPOS Touch card readers to electric vehicle chargers operated by ChargeSmart EV in the United States.
- Milind Joshi joined real-time intelligence firm Striim Inc. as vice president of payment solutions. He most recently was head of product and strategy for enterprise payments at Fiserv Inc.
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