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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29 May
Airlines Have Plenty of Room for Growth When It Comes to Payment Acceptance, a Report Finds
Airlines face myriad challenges when it comes to improving their payment processes to drive bookings and support growth, according to a report from omnichannel payments and digital-commerce platform provider CellPoint Digital. The two leading payments challenges facing airlines are a lack of alternative payment methods and regional forms of payment, …
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29 May
Outdoors Specialist PayIt Expands Digital Licensing With Its North Carolina Win
PayIt LLC announced on Tuesday it is processing payments for fishing licenses for the Eastern Band of Cherokee Indians in North Carolina. The deal, which was consummated March 20 but not announced immediately, is the latest for PayIt, an 11-year-old Kansas City, Mo.-based platform that specializes in digital payments for …
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29 May
Humbl Tickets for the Blackbears and other Digital Transactions News briefs from 5/29/24
Technology platform Humbl said it will develop a digital ticketing offering for the Oregon Blackbears, an indoor football team. Organic Payment Gateways said it has launched an Authorize.net gateway service for merchants selling cannabis seed, nutritional supplements, and cannabidiol, the active ingredient in cannabis. Authorize.net is owned by Visa Inc. ParTech Inc., which …
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28 May
Merchants Get an Extension to File Monetary Claims in the Big Credit Card Settlement
Merchants have been granted a 90-day extension to file a monetary claim as part of the settlement of a nearly two-decades-old interchange lawsuit filed against Visa and Mastercard. Merchants now have until Aug. 30 to file their claims, the court overseeing the settlement has ruled. A settlement between Visa and …
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28 May
Eye on Real-Time Payments: BankSocial Debuts an RTP Service; Pidgin Enters a Correlation Collaboration
More credit unions will have access to real-time payments networks in separate deals announced Tuesday. BankSocial, a division of Fivancial Inc., launched its real-time payment service for credit unions. Meanwhile, Pidgin Inc. is working with core processing provider Corelation Inc. to enable broader real-time payments access to its clients. Dallas-based …
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28 May
CredBuild’s Renters Reporting and other Digital Transactions News briefs from 5/28/24
Fintech CredBuild said it is working with BloomCredit to enable renters to report rent payments to credit bureaus via property management systems. BloomCredit provides the API codes. PayIt, a specialist in government payments, said the Eastern Band of Cherokee Indians will use PayIt for a new digital fish-licensing system. Waystar Holding Corp., …
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24 May
As Users Return to ATMs, Guidance Emerges for Contactless Transactions With And Without Cards
The onset of the covid pandemic spurred deployers and developers to bring contactless technology to the ATM, and now industry organizations are offering guidelines on the matter as deployers look to widen acceptance of contactless cards and mobile devices. Calling contactless technology “table stakes” for most consumers, the Redwood City, …
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24 May
The MPC Fires Back at Claims Merchants Won’t Pass Along CCCA Savings to Consumers
Claims by banks that merchants won’t pass along savings from the Credit Card Competition Act to consumers are grossly misleading and do not reflect the economic realities merchants face, argues the Merchants Payments Coalition, a lobbying group representing sellers on payments-acceptance matters. Passing along cost savings or at least holding …
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24 May
CPACharge Lines up Referral Agreements and other Digital Transactions News briefs from 5/24/24
CPACharge an online payment service for accounting businesses that is a unit of AffiniPay, said it lined up referral partnerships with the CPA societies in New Jersey, Nevada, and Wyoming. Boston’s mass-transit system will launch contactless fare payments, possibly by early summer, according to news reports. The fintech Guavapay said it is collaborating with …