Sunday , June 28, 2026

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

Fraud Costs $5.13 for Every $1 in Loss, LexisNexis Risk Solutions Finds

Merchants wrestle with fraud every day, lamenting how much is lost in each bad transaction. LexisNexis Risk Solutions, as it’s done for a number of years, has quantified the actual cost beyond the item’s value. In 2026, the total cost of every $1 in fraud is $5.13 in the United …

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Square Lands a Touch of Paris with Ladurée Canada Conversion

Square, the point-of-sale and acquiring arm of Block Inc., is ready for a sweet treat with Ladurée Canada’s decision to use Square for all of its POS operations at each of its Canadian locations. The pastry shop had been using a different system for its retail locations than for its …

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Fiserv and Strivve Partner to Help Banks with the Coveted Card-on-File Spot

Landing the top-of-wallet spot remains a coveted and enviable location for card issuers, and its online counterpart—card-on-file—is no less sought after. That’s what processor and banking services provider Fiserv Inc. is working on with Strivve Inc. to help issuers get more of their cards stored as card-on-file. Announced Wednesday, the …

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Eye on Rewards: C-Store Chain Bolla Picks PARTech; PointsKash To Broaden Availability

Convenience-store operators are keen for any edge when it comes to attracting and retaining consumers. Bolla Oil Corp., operating c-stores under the Bolla Market moniker, launched its first customer loyalty program using technology from Par Technology Corp. to help with that effort. In related news, PointsKash Inc. will work with …

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Consumers Are Tasking AI To Help With Returns

Consumers are putting artificial-intelligence tools to work when making return claims for items they’ve purchased. Fifty percent are using services such as ChatGPT and Claude to help draft return or refund claims, finds the “Rewriting Rules on Return” report released by Riskified, a fraud-prevention services provider. That results in many …

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Splitting Rent Payments May Help On-Time Payment Rates: Study

Rent, the 12-times-a-year installment payment many consumers make, could benefit from splitting further into two payments a month, suggests a study released by Flexible Finance Inc., also known as Flex. New York City-based Flex commissioned the study, which was completed by San Francisco-based research firm MetroSight. Flex enables tenants to …

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AI Takes the Stage in Shopify’s Latest POS Platform Update

Shopify Inc.’s latest update to its point-of-sale and e-commerce platform makes artificial intelligence commerce uses central, enabling its merchants to more easily adopt agentic commerce as a channel. The Spring platform update, which includes more than 150 revisions, adds support for sign in with Shop, its consumer-facing app and marketplace, …

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Toast To Go Hands-on with New Restaurant

Boston-based Toast Inc. is stepping back to its early efforts to develop its point-of-sale products with the Toast Lab collaboration. Toast Lab will see the POS system maker work with a restaurant operator in the Boston area on new POS products and services. Toast says it will provide funding and …

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Adyen Readies for Agentic Commerce with Adyen Agentic

Count processor Adyen N.V. as another payments company preparing for the expected growth in agentic commerce. Its launch of Adyen Agentic will make it easier for merchants on the platform to incorporate agentic commerce into their sales channels, Adyen says. With the foundations of agentic commerce which IBM defines as …

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Nuvei Eyes Payoneer’s Cross-Border Expertise; AmEx Looks to Bulk up Restaurant Bookings

Nuvei Corp. appears ready to escalate its cross-border payments prowess with a $2.75 billion acquisition of Payoneer Inc., known for its cross-border capability. In related news, American Express Co. wants to acquire TheFork, an online restaurant reservation and management platform in Europe. Montreal-based Nuvei says the deal will help it …

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