Digital Transactions Authoritative, insightful and timely information for payments professionals
With just 52 days until the traditional start of the holiday shopping season post-Thanksgiving, consumers and criminals are gearing up for a busy period. A new report from ACI Worldwide Inc. forecasts that synthetic-identity fraud and artificial-intelligence use will be a big lump of coal for merchants. Meanwhile, identity platform …
October, 2024
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8 October
Plaid Collaborates with Ansa and other Digital Transactions News briefs from 10/8/24
Open-banking platform Plaid is collaborating with digital-wallet provider Ansa to offer a pay-by-bank capability to restaurants and other merchants, with wallet transactions handled via the automated clearing house. Payments-technology platform Modern Treasury launched widened support for connectivity to FedNow and The Clearing House’s RTP network for real-time payments, as well as other moves to …
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7 October
How BP Hopes to Boost User Touch Points With Its New Loyalty App
Oil and gas giant BP plc early Monday launched a loyalty app called earnify, which enables BP customers to earn rewards points for fuel and in-store purchases at BP and Amoco locations. App users earn 1 point per $1 spent on fuel and 2 points per $1 spent on other …
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7 October
Famous Foods Street Eats Deploys 34 Agilysys Kiosks
Diners visiting the Famous Foods Street Eats food hall at Resorts World Las Vegas soon will use one of 34 kiosks to order and pay for their meals. Alpharetta, Ga.-based Agilysys Inc. announced the food hall will deploy its kiosks, which use the Agilysys InfoGenesis POS platform, for use at …
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7 October
Paysafe’s Latest GIG of Holiday Gift Budgets and other Digital Transactions News briefs from 10/7/24
Paysafe Ltd. will process transactions for clients of Gaming Innovation Group in North America, the United Kingdom, continental Europe, and Latin America that have adopted Gaming Innovations’ CoreX player-account management system. Silverblaze, a developer of customer-engagement software for utility companies, will adopt billing and payment technology from Kubra and has joined …
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4 October
Illinois’s Interchange Lawsuit Wins National Prominence As More Retail Organizations Voice Support
The national legal battle over an Illinois interchange law continues to broaden in scope. Several national organizations representing merchants are expected to file amicus briefs with the United States District Court for the Northern District of Illinois Friday in support of the Illinois Interchange Fee Prohibition Act. The briefs are …
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4 October
Research Pins Down How Soon Real Time Payments Will be Routine
With the Federal Reserve’s FedNow service having debuted in July last year and The Clearing House Payments Co.’s RTP network in operation since 2017, just how soon can the U.S. payments industry expect widespread, routine exchange of real-time transactions? Answers to that question are beginning to emerge. According to a …
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4 October
Gift Cards To Comprise 48% of Holiday Gift Budgets and other Digital Transactions News briefs from 10/4/24
A report from prepaid card platform Blackhawk Network indicates consumers will spend $760 on holiday-season gifting this year, flat with 2023, though they say they will spend 48% of their holiday budget through gift cards, up from 39% last year. The company surveyed 2,000 U.S. consumers in July. Pye, a hospitality point-of-sale …
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3 October
The Plot Thickens Over the Legal Challenge To Illinois’s Interchange Law
The battle over the Illinois Interchange Fee Prohibition Act has taken a huge new turn. Early Thursday, the Illinois Attorney General’s Office filed a motion with the United States District Court for the Northern District of Illinois’s Eastern Division challenging an Amicus brief from the Office of the Comptroller of …
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3 October
How Visa And Swift Are Plunging Deeper Into the World of Digital Currencies
Payments companies may not yet be ready to embrace fully the world of blockchains, but some major payments networks are taking steps to deepen their experience in the world of digital currencies. Witness Visa Inc., which early Thursday said it will help banks issue tokens they create on a blockchain. …