Digital Transactions Authoritative, insightful and timely information for payments professionals
With the demands placed on ecommerce and business-to-business payments, it is only fitting that merchants rely on a gateway with expert-level knowledge and years of experience. PayTrace, which North American Bancard acquired earlier this year, has maintained such Level-2, Level-3, and B2B expertise for more than 16 years. Now, with …
May, 2022
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16 May
Paysafe Extends Its North American iGaming Reach Through a Deal With Strive Gaming
Paysafe Ltd. continues to immerse itself in the online-gaming industry, announcing Monday a partnership with Strive Gaming, a player-account management platform designed to meet multi-state iGaming requirements in North America. With an integration of Paysafe’s payments technology into Strive Gaming’s PAM platform, Strive’s clients will enable gamers to deposit funds into …
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16 May
Stabilization May Be Acquiring’s Keyword in 2022
As the U.S. economy moves farther from the worst of the Covid pandemic, credit and debit card spending may be stabilizing, according to new data from The Strawhecker Group, a payments advisory and research firm. Released as part of the AIM Headline Report series, the Growth & Inflation Analysis 2022 …
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16 May
Toast Renews US Foods Deal and other Digital Transactions News briefs from 5/16/22
Toast Inc., a payments-technology provider specializing in restaurants, said it has renewed its collaboration with US Foods, a distributor serving approximately 250,000 U.S. restaurants and foodservice operators.Investment firm Thoma Bravo has closed on its $2.6-billion acquisition of business-to-business payments provider Bottomline Technologies Inc. The deal was announced in December and approved by …
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13 May
Affirm Posts a Big Quarter as It Reaps a User Payoff From Its Shopify And Amazon Deals
Corporations aren’t in business to please Wall Street, but for publicly held companies investor expectations are hard to ignore. Affirm Inc. early Friday is seeing its share price climb steadily after exceeding analysts’ consensus expectations for payment volume and revenue for its fiscal third quarter, ended March 31. The good …
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13 May
Square Unveils New Developer Tools Aimed at Enhancing Checkout and Reducing Friction
Aiming to help developers address friction at checkout, Block Inc.’s Square unit late Thursday announced several new tools for its Square payments platform. The announcement was made at Square Unboxed, Block’s annual developer and partner conference. The centerpiece of the new tools is Cash App Pay for Developers, which enables …
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13 May
Kickfin Enlists Visa Direct for Tip Payouts and other Digital Transactions News briefs from 5/13/22
Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …
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12 May
Google’s New Wallet Digitizes Payment Cards Plus Drivers’ Licenses And Other Credentials
In a nod to consumers’ preference to have all the contents of a physical wallet digitized—including driver’s licenses and vaccine cards, in addition to payment cards—Alphabet Inc.’s Google subsidiary has introduced a new Google Wallet. The new wallet, which Google plans to make available in more than 40 countries, is …
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12 May
Eye on BNPL: Klarna Debuts a Virtual Shopping Service; Splitit Joins the Visa Ready Program
In the latest buy now, pay later updates, Klarna AB introduced Virtual Shopping, an online service that connects shoppers with in-store experts, and Splitit Payments Ltd. joined the Visa Ready for BNPL program. Stockholm-based Klarna says its Virtual Shopping service enables consumers to browse and buy online while connecting via live chats …
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12 May
Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22
Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …
