Digital Transactions Authoritative, insightful and timely information for payments professionals
Bold Commerce Inc., a developer of e-commerce checkout software, has added two integrations to OpenCart and Gravity Forms to enable small and mid-size businesses using those platforms to accept any PayPal payment option, including Fastlane and Venmo. OpenCart is a free, open-source platform for building and managing online stores. Gravity Forms …
January, 2025
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24 January
AmEx Closes Out 2024 On a High Note As Growth Proves Steady
Top executives at American Express Co. early Friday celebrated the final quarter of what they said was a year to remember. “We delivered record revenue, record net income, and new records in many categories,” including all-time-high cardholder spending, AmEx chief executive Steve Squeri told equity analysts during a conference call …
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24 January
Priority’s Rollfi Acquisition and other Digital Transactions News briefs from 1/24/25
Payments provider Priority Technology Holdings Inc. has acquired Rollfi, a provider of payroll and benefits provider to banks, accountants, and software-as-a-service providers. Terms were not announced. SEPTA, the mass transit agency in the Philadelphia region, awarded a $211 million contract for a new fare payment system called SEPTA Key 2.0 to Cubic Transportation …
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23 January
Canadians prioritize security above all when evaluating new payment technologies
Jon Purther, Director of Research at Payments Canada The payment landscape is rapidly changing, and new technologies like generative artificial intelligence (GenAI), social commerce and pay-by-bank are poised to dramatically transform the way we shop and pay. A recent study from Payments Canada shows that Canadians are hesitant to …
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23 January
Merchants Are Turning to Credit Card Surcharges As Processor Satisfaction Declines, J.D. Power Finds
Merchants are increasingly levying surcharges on purchases made with credit cards to help offset processing fees, a new study from J.D. Power finds. Some 34% of merchants surveyed are adding surcharges for credit card transactions, the study says. The study also found that flat-rate pricing lends merchants greater impetus to …
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23 January
Fiserv Finds a Successor As CEO Bisignano Prepares to Leave
Fiserv Inc. early Thursday announced Michael P. Lyons will take over as chief executive at Fiserv Inc., replacing Frank Bisginano. Lyons, who is also taking on the office of president at the Milwaukee-based company, arrives from PNC Financial Services Group, a Fiserv client, where he was president and a key …
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23 January
Discover Volume up 4% and other Digital Transactions News briefs from 1/23/25
Discover Financial Services reported payments volume of $102 billion for the fourth quarter of 2024, up 4% year-over-year, including a 7% rise for the Pulse electronic funds transfer network and a 9% increase for Diners Club. Overall, the company reported a 14% increase in revenue net of interest expense, to $4.76 …
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22 January
Embracing digital payment options and fueling payment innovation in Canada
Jon Purther, Director, Research, Payments Canada The Canadian payment landscape continues to transform rapidly, fueled by shifts in consumer and business needs and expectations and technology innovations. Looking ahead, it’s clear that continued innovation will further expand choice within the Canadian payment ecosystem. The payment preferences of Canadians Canadians are …
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22 January
Gettrx Debuts a White Label Processing Program for ISOs And ISVs
Payments provider Global Electronic Technology Inc., known as Gettrx, launched a white- label platform for agents, independent sales organizations, and independent software vendors that could help them compete against larger payment processors. The platform, called Gettrx One, enables agents, ISOs, and ISVs to market the service under their brand at …
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22 January
Maryland Is the Latest Batter to Take a Swing at Regulating Interchange on Sales Tax and Tips
The Maryland legislature held a hearing late Tuesday on a bill prohibiting interchange from being charged on sales tax and gratuities linked to credit and debit card transactions. The bill, introduced by Delegates Todd Morgan and Brian Crosby, is the latest in what is expected to be a flurry of …