Digital wallets provide a variety of benefits to consumers, including convenience speed, security, and record keeping, but they also pose risks for users and stand to be improved in several areas, says a study from Consumers Reports. Consumers Reports evaluated six wallets—Apple Pay, Cash App, Google Pay, PayPal, Samsung Pay, …

Trifecta Technologies Inc., an IT management company specializing in the Salesforce platform, is partnering with processor Stripe Inc. to create what it calls a payment launchpad for businesses. The launchpad will enable SalesForce users to streamline their payment processes by automating recurring payments. The feature will help businesses ensure on-time …

Buy now, pay later platform Affirm Holdings Inc. early Tuesday announced it will begin credit reporting for all its loan products to TransUnion LLC, effective May 1. TransUnion is the second of the three credit bureaus to which Affirm is reporting. In March, San Francisco-based Affirm announced it would begin …

CompoSecure Inc., a provider of metal payment cards and security technology, is integrating its Arculus cold-storage wallet with MoneyGram Access, which allows digital-wallet users to convert cash into digital currencies. These include such media as USD Coin, a stablecoin backed by U.S. dollars and dollar-denominated assets. In addition, CompoSecure announced …

[Editor’s Note: Following Digital Transactions News publication Friday, a U.S. District Court judge temporarily halted the layoffs at the CFPB, according to the Associated Press. Judge Amy Berman Jackson has scheduled an April 28 hearing on the matter.] A dramatically reduced Consumer Financial Protection Bureau will still operate, but with …

Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …

Ransomware demands and payments declined in 2024, thanks to a combination of better law enforcement and defenses by companies, according to BakerHostetler’s annual Data Security Incident Response Report. The average ransomware payment totaled $501,338 in 2024, excluding the largest payment, a 33% decline from the previous year. The amount of …

Providers of restaurant point-of-sale and management technology continue to enhance their offerings as restaurants remain one of the hottest markets in digital payments. Par Technology Corp. announced its POS Spring Release early Tuesday, aimed at helping restaurants improve customer convenience and streamline operating costs. Key features include support for contactless …

Toast Inc. has signed an agreement with the restaurant-chain operator Dine Brands Global to install its point-of-sale and restaurant-management technology in 1,500 Applebee’s locations nationwide. In addition to Applebee’s Dine Brands operates such restaurant chains as IHOP, Neighborhood Grill + Bar, and Fuzzy’s Taco Shop. Applebee’s will install Toast’s POS terminals, …

U.S. merchants achieved higher performance scores for their gift card programs in 2025, according to Blackhawk Network’s eighth annual review of the programs. Staples Inc. led all merchants with a score of 104%, followed by Amazon.com with a score of 101% and Best Buy Co. Inc. at 99%. Cosmetics retailer …