Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
September, 2024
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11 September
Fraudsters Are Favoring Automated Bot And Authorized Fraud Attacks
Fraud attacks initiated by automated bots using artificially generated images, also known as deepfakes, are becoming a major problem in the payments industry, according to a report Wednesday from AU10TIX, a provider of identity-verification and risk-management technology. Overall, 32% of all Internet traffic during the second quarter was driven by …
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11 September
U.S. Bank Credit and Debit Cards Are Now in the Paze Wallet
Credit and debit cards from U.S. Bank are now ready to use with Paze, the online checkout platform, which comes preloaded with access to up to 150 million payment cards. Paze is in the midst of a national rollout as it seeks to give issuers an edge in e-commerce checkout. …
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11 September
Costco’s New Pump Payment Tech and other Digital Transactions News Briefs from 9/11/24
Retailing giant Costco Wholesale Corp. has contracted with technology company Vontier to install new payments devices and software at the chain’s 76 fueling stations in Canada, starting next month. Vontier two years ago acquired Invenco, a company that included long-time fueling-technology provider Gilbarco Veeder-Root. Payment processor Silverflow said it has reached a new agreement …
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10 September
Optimizing payments and financial services to exceed consumer expectations and maximize revenue
Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon, Inc. As payments technology innovation continues to evolve exponentially, today’s consumers expect a seamless, connected, and personalized buying experience. Buyers don’t care about payments per se, but the overall shopping experience. ISOs and ISVs that understand this …
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10 September
U.S. Merchants Pay the Highest Card Acceptance Costs in the World, a CMSPI Report Contends
Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …
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10 September
Eye on Airlines: UATP Works with Klarna on BNPL; CellPoint Digital Orchestrates Another Airline
Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s …
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10 September
Repay’s Otelier Integration and other Digital Transactions News Briefs from 9/10/24
Payments provider Repay Holdings Corp. said it has integrated its services with Otelier, a technology platform for the hospitality market, to enable vendor payments from the same platform where clients process invoices. Payments platform Nayax announced it has worked with A2Z Cust2Mate to create technology that allows shoppers to manage and pay for items …
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9 September
Unlock the Power of AI with Payarc
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 …
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9 September
Looking for ‘Growth in Key Markets,’ PayPal Signs Shopify for Card Processing
PayPal Holdings Inc. began working with the Canadian e-commerce giant Shopify Inc. two years ago in France, and now the two are bringing the act to the U.S. market. PayPal said early Monday it has agreed to process card transactions for Shopify’s gateway, Shopify Payments, in an arrangement that could …