Digital Transactions Authoritative, insightful and timely information for payments professionals
Amazon.com Inc. has beefed up the rewards for its Visa-branded cards issued by Chase, in response to cardholder’s desire for travel-related perks and the ability to earn more rewards for day-to-day expenses, such as commuting. Additionally, Amazon is allowing cardholders to redeem rewards daily and has rebranded its cards. Prime …
May, 2023
April, 2022
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11 April
Wyre’s Sale Terms Inaccurate and other Digital Transactions News briefs from 4/11/22
Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …
March, 2022
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15 March
Mobile Tax Payments up 27% and other Digital Transactions News briefs from 3/15/22
Payments provider ACI Worldwide Inc. said its data indicate the number of tax payments made via a mobile device has increased 27% over the same time last year, while the dollar value has climbed 40%. Tax payments via credit card are up 13%, and have increased 8% by debit card. Dollar value …
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8 March
Online Interchange Rates To Increase and other Digital Transactions News briefs from 3/8/22
Visa Inc. and Mastercard Inc. will raise interchange rates for online merchants starting next month, while also lowering the rates for some small-merchant categories, according to a report in The Wall Street Journal. Mastercard’s fee changes alone will result in a net increase of about $330 million yearly, according to the Journal story, …
August, 2021
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17 August
A 4X Increase in Phishing Attack Costs and other Digital Transactions News briefs from 8/17/21
The overall costs of phishing attacks on businesses have nearly quadrupled since 2015, rising from average losses of $3.8 million per company in 2015 to $14.8 million in 2021, according to research from cybersecurity and compliance company Proofpoint Inc. and Ponemon Institute.Uplift Inc., a buy now, pay later provider specializing in travel, …
July, 2019
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1 July
COMMENTARY: The Rise of B2B E-Commerce Creates New Technology Openings
For years, business-to-business (B2B) e-commerce has been the distant cousin of business-to-consumer (B2C) e-commerce—less understood and appreciated, asked to wait in the other room while consumer-facing businesses from Amazon to Warby Parker soaked up all the adulation. But as B2C e-commerce and its supporting ecosystem matures, the potential for B2B …
March, 2018
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6 March
Paysafe Will Be the First ISO To Market VeriFone Connect And Related Devices
Payments provider Paysafe is the first reseller of VeriFone System Inc.’s Verifone Connect service among independent sales organizations, VeriFone announced Tuesday. Verifone Connect is a suite of point-of-sale services, such as payment acceptance, point-of-sale terminal management, and business-management tools, that works with VeriFone’s Carbon and Engage devices. London-based Paysafe is …
February, 2018
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21 February
Remember Carrier Billing? It’s Poised to Triple by 2022, Research Indicates
It doesn’t get a lot of attention in these days of EMV, mobile payments, and digital currency, but carrier billing, one of the oldest forms of digital payments, is poised for growth. Total payment volume globally will triple by 2022, rising from $2.9 billion last year to $9 billion, according …
October, 2017
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30 October
Aiming at Larger Merchants, Square Launches a $999 Point-of-Sale System
Square Inc., which debuted more than seven years ago pursuing micromerchants with a free card reader, launched Square Register, a $999 point-of-sale system designed for larger merchants, it announced Monday. Square Register is a full-sized POS device that has merchant-facing and consumer-facing screens. Also available at $49 a month for …
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27 October
Acceptance Issues, Fear of the Unknown Pull Mobile-Payment Usage Down, Researcher Finds
Consumer use of mobile payments has taken a step back, according to new research from Auriemma Consulting Group. The New York City-based firm found that mobile-payments usage is down 5 percentage points to 25% of consumers surveyed from 30% a year ago. And that decline is expected to continue into …
