News

December, 2021

• 3 December

  Why Integrated Payables are the Future of B2B Payments

  

  The “digital first” world has arrived—and there’s no turning back. While B2B payments have lagged behind consumer payments in digital adoption, that’s changing quickly. Goldman Sachs Research has predicted that B2B payments are on the verge of a technological breakthrough, leading to a $1.5 trillion revenue-saving opportunity by 2028.  One …
• 3 December

  A Dwolla And Infinicept Link Aims to Make Embedded Payment More Accessible to ISVs

  

  Payment-platform provider Dwolla and Infinicept, a Denver-based firm that specializes in embedded payments, are teaming up on new technology for independent software vendors.  The partnership is aimed at making it more economical for business-software providers to include payment processing in their application and reduce their time to market by months. …
• 3 December

  Tassat Scores Western Alliance Bank for Its Bank-Based Blockchain-Payment Technology

  

  Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …
• 3 December

  Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21

  

  Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …
• 2 December

  Why having access to the right developer portal is more important than ever!

  

  Brandy Hadden In today’s fast-paced and ever-changing payments landscape, it is increasingly vital that merchant services providers offer ISVs, VARs, and small to mid-sized business owners instant access to the tools and technologies they need to keep pace with their competitors, as well as evolving consumer preferences. One way to …
• 2 December

  How Square’s Name Change to Block Hints at an Even Stronger Push for Bitcoin

  

  The word “block” may have a number of meanings, but for Square Inc. it could mean a stronger emphasis on blockchain. That’s how some observers interpret the company’s announcement Wednesday afternoon that it is changing its name effective Dec. 10 to Block Inc., a dozen years after its founding as …
• 2 December

  Eye On Holiday Fraud: Expect a Surge in Attacks for Higher Dollar Value Items

  

  The holiday-shopping season is a busy time not just for merchants and consumers, but for criminals, too. Fraud attacks are projected to increase by at least 50% this holiday-shopping season, and will most likely surpass the 56% increase in attacks during the 2020 holiday season, according to Arkose Labs.  Fraudsters …
• 2 December

  Cart Abandonment Issues Linger and other Digital Transactions News briefs from 12/2/21

  

  Online checkouts remain a challenge for many merchants as 40% report cart abandonment as more than a minor issue and 41% say fraudulent transactions have risen since the pandemic set in, according to Paysafe Ltd.’s “Lost in Transaction” report.PayPal Holdings Inc. said merchants on the Wix.com Ltd. e-commerce platform can offer …
• 1 December

  With Demand Rising, Stax Acquires CardX To Boost Its Surcharging Efforts

  

  Merchant services company Stax has acquired CardX LLC, a Chicago-based surcharging provider, in an effort to better meet demand for surcharging, especially among enterprise clients. Terms were not disclosed. The deal is the third of 2021 for Orlando, Fla.-based Stax, whose parent company is Fattmerchant . Founded in 2013, CardX has …
• 1 December

  Consumers Are Largely ‘in the Dark’ About How Much Fintech Apps Access Their Data

  

  Consumers have relied more heavily on payments apps and other fintech technologies since the onset of the pandemic, but few are aware of how much control these apps have over consumer data, according to a survey released Wednesday by The Clearing House Payments Co. LLC. In fact, consumer confidence in …