Digital Transactions Authoritative, insightful and timely information for payments professionals
MoneyGram International Inc. said it is will “continue to monitor for any potential impact” from a recent lawsuit against cryptocurrency payments firm Ripple Labs and two top executives by the U.S. Securities and Exchange Commission. MoneyGram has used Ripple’s foreign exchange blockchain since June 2019 to trade in four currencies, though the company …
December, 2020
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23 December
An ISO Sees Opportunity in Digital Payments for an Often Neglected Niche—Churches
Just as businesses are fast-tracking their efforts to accept digital payments as a result of the coronavirus pandemic, so too are houses of worship. Pushpay Holdings Ltd., a Redmond, Wash.-based independent sales organization, says the number of churches using its donor-management system is growing rapidly. While churches were already adopting …
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23 December
PayPal Lines up Early to Help Stimulus Recipients Turn Their Checks Into Ready Cash
With a second round of federal stimulus payments having passed Congress, payments firms are lining up to help recipients speed the funds’ availability. PayPal Holdings Inc., for example, said late Tuesday it will waive the fees for stimulus recipients that it normally charges consumers to cash checks using its app. …
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23 December
Grocer Picks NCR POS System and other Digital Transactions News briefs from 12/23/20
NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …
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22 December
Why ControlScan Sold Itself in Separate Deals To PDI And Sysnet
ControlScan Inc., a major provider of PCI compliance and security services, has sold its business in two separate deals to Professional Datasolutions Inc. and Sysnet Global Solutions, respectively. PDI has purchased ControlScan’s Managed Security Services unit and Sysnet has acquired the company’s Managed Compliance Services Unit. Sysnet also acquired the …
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22 December
Texas Grocer H-E-B Offers SNAP Acceptance for Curbside Pickup And Home Delivery
The confluence of digital payments and economic hardship during the Covid-19 pandemic has led another major supermarket chain to offer SNAP EBT acceptance through its mobile app and on its Web site for curbside pickup and home-delivery orders. H-E-B, with 329 stores in Texas and another 55 in Mexico, said …
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22 December
Cash Now an Online Bill Pay Option at Plastiq and other Digital Transactions News briefs from 12/22/20
Bill payment provider Plastiq launched cash payments, which allows users to make any payment through a linked bank account. Plastiq already enables bill payment via credit cards.InComm Payments has launched an App Store card in Taiwan in partnership with Apple Inc. The cards are being sold through 9,500 7-Eleven and FamilyMart stores on …
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21 December
Eye on E-Commerce: PSCU Registers Big E-Commerce Gains; Digital River Aids Manufacturers in D2C Sales
Card-not-present transactions continue to grow at financial institutions that use PSCU, a credit union service organization. In its weekly report released Monday, PSCU said CNP accounted for 55.5% of credit card purchase volume and 47.9% of transactions for the week ending Dec. 13. For debit, CNP represented 43.9% of purchase …
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21 December
Scuppered Talks Between FIS And Global Payments Point to Enduring Importance of Size
Mega-merger fever hasn’t subsided in the payments industry. A combination of FIS Inc. and Global Payments Inc., which have reportedly broken off talks to merge in a deal that could be valued at $70 billion, would represent a continued push for yet more economies of scale in a business whose …
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21 December
Burger King Taps Venmo in Promotion and other Digital Transactions News briefs from 12/21/20
Fast-food chain Burger King is depositing $1 into random Venmo accounts to promote the chain’s $1 Your Way Menu, which features all items at a price of $1. Venmo is a peer-to-peer payments provider owned by PayPal Holdings Inc.Blackhawk Network said it has added a capability to order gift cards for curbside pickup …