Digital Transactions Authoritative, insightful and timely information for payments professionals
Stripe Inc. has doubled its office space in Chicago, leasing more than 44,000 additional square feet on the fifth floor of a building in the city’s River North neighborhood and bringing its total space to about 89,000 square feet, according to Crain’s Chicago Business. Business-technology provider Globant announced it has developed systems for …
March, 2025
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4 March
Paysafe’s Top Brass Brushes Aside Takeover Rumors As the Processor Focuses on a Maturing Sales Effort
Rumors about an acquisition of Paysafe Ltd. have swirled around the company for nearly a month, and the processor’s top management early Tuesday were in no hurry to add fuel to the speculation. “We’re going to stick to no real comment,” said chief executive Bruce Lowthers while addressing an equity …
February, 2025
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13 February
Global Payments Gets Set for a Rollout of Genius, Its POS Package
Global Payments Inc. will roll out its revamped Genius point-of-sale package of products and services domestically in May as a common brand, with an international rollout late this year, chief executive Cameron Bready assured listeners on a conference call early Thursday. A major repositioning of the Atlanta-based company’s acquiring technology, …
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11 February
Paysafe Offloads Part of its Business and other Digital Transactions News briefs from 2/11/25
Paysafe Ltd. has agreed to sell its direct marketing payment processing business, including reseller and merchant contracts, to Kort Payments, a company run by Joel Leonoff, Paysafe’s founder and former chief executive. Terms were not announced. Paysafe said this business “consists of direct marketing and other card-not-present volume in both complex …
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4 February
Cyberfraud On the Rise Thanks to AI; Worldpay Acquires Ravelin to Boost Its Fraud Fighting Tech
Thanks to criminals’ increasing adoption of artificial intelligence, cyberfraud rose 14% in 2024, according to a report from Trustpair, a provider of fraud-prevention technology. Overall, 90% of U.S. companies were targeted by cyber fraud the past year, compared to 79% in 2023. The increase is being driven by criminals’ use …
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4 February
FIS Enables FedNow Send Capability and other Digital Transactions News briefs from 2/4/25
FIS Inc. said it is one of the first fintechs certified to offer send capability on credit transfers through the FedNow real-time payments network, operated by the Federal Reserve. The company is offering the new service to bank clients for use by both consumers and commercial clients. Hospitality point-of-sale services specialist Olo said …
January, 2025
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27 January
Freightos Notes WestJet Cargo as Client and other Digital Transactions News briefs from 1/27/25
Freightos, a freight booking and payments platform, has added Canada-based WestJet Cargo as a client. Visa Inc. announced a partnership with fintech DealMe to enable Visa cardholders in Vietnam to access real-time installment offers from merchants in South Korea, which is a top travel destination for Vietnamese travelers. Payments and data …
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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
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 …
