Digital Transactions Authoritative, insightful and timely information for payments professionals
In today’s rapidly evolving financial landscape, integrating artificial intelligence (AI) is essential. The FinTech industry has seen dramatic changes, spurred by digitalization and the COVID-19 pandemic. At Payarc, we recognize the critical role AI plays in transforming payment processing, enhancing security, and driving growth. Let’s explore how AI can …
September, 2024
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17 September
Cubic Launches a QR-Code Fare System; NMI Partners on Contactless Fares; ModeShift’s Digital Fares
Cubic Transportation Systems Inc. early Tuesday launched Umo ScanRide, a QR-code-based fare-collection solution for transit systems. To pay a fare using ScanRide, consumers scan a QR code with a mobile phone. The fare is then displayed on the user’s phone screen and debited from her ScanRide wallet. Consumers can fund …
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17 September
Affirm Brings Buy Now, Pay Later Back to the Apple Wallet
Consumers with iPhones using the latest operating system now have access to Affirm Inc.’s installment-payments options when using Apple Pay at participating merchants. Released Monday as part of Apple Inc.’s iOS 18 update for its iPhones, the payment option works with any merchant that accepts Apple Pay. The merchant does …
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17 September
Alviere’s Loyalty Wallet and other Digital Transactions News briefs from 9/17/24
Alviere, a platform for embedded payments, has launched its Loyalty Wallets product, which features pay-by-bank functionality. The wallets can be funded by ACH transfer or direct deposit. Bank3, a community bank in Tennessee and Mississippi, has chosen Tyfone Inc.’s Instant Payment Xchange technology, meant to facilitate real-time payments on the FedNow system. The …
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16 September
The Future of Checkout is Here: Android Based-AXIUM and SoftPOS for Frictionless Payments
Gone are the days of online-only shopping sprees. Consumers are flocking back to brick-and-mortar stores for many purchases. But this new breed of omnichannel shopper expects a seamless blend of the digital and physical experience. They’re accustomed to the power of technology – finding product information with a tap, comparing …
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16 September
Crate & Barrel Teams With Adyen to Connect Its Offline And Online Sales Channels
Retail chain Crate & Barrel Holdings has partnered with Adyen NV to process payments for its 110 physical stores in the United States and Canada. The deal also covers processing for Crate & Barrel’s CB2 stores, a sister brand that sells modern furniture. Crate & Barrel will use Adyen’s unified …
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16 September
Adyen Teams With Nayax to Support Digital Payments at EV Charging Stations
The Dutch processor Adyen NV and the Israel-based payments platform Nayax Ltd. announced early Monday they are teaming up to support digital payments for electric-vehicle charging stations around the world. The new agreement, which comes as electric vehicles become more numerous and raise a pressing need for more charging stations, …
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16 September
Elo’s New Pay M100 Tablet and other Digital Transactions News briefs from 9/16/24
Elo Touch Solutions Inc. launched its Elo Pay M100 POS tablet, a mobile point-of-sale Android payments device aimed at restaurants as well as the general merchant market. Accessories include separate readers for mag-stripes and fingerprints. Kuvasz Solutions, a Chile-based payments services company formed in 2008, said it is expanding to the …
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13 September
Rain Technology Launches an ATM Privacy Solution
Rain Technology, a provider a directional-display technology, has developed a solution that aims at reducing the risk of onlookers visually stealing a consumer’s PIN at an ATM. The solution, called ATM Switchable Privacy, enables as little as 0.2% of an ATM screen to be visible outside of a 45-degree viewing …
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13 September
Worldline Replaces Its Longtime CEO As the Global Processor’s Shares Plummet
The big French processor Worldline SA announced early Friday longtime chief executive Gilles Grapinet will leave the company effective Sept. 30. The company says the search for a successor will evaluate candidates both inside and outside the company. In the meantime, the board has appointed Marc-Henri Desportes, deputy CEO since …