Digital Transactions Authoritative, insightful and timely information for payments professionals
Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number …
October, 2021
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26 October
BNPL Offers Big Potential for Market Share But Also Flashes Caution Signs for the Unwary, a Panel Says
The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …
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25 October
A Bread Partnership Adds More Long-Term Financing Power to Sezzle’s BNPL Arsenal
As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …
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25 October
Nium’s New Crypto Service and other Digital Transactions News briefs from 10/25/21
Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer …
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21 October
PayPal Buying Pinterest? and other Digital Transactions News briefs from 10/21/21
PayPal Holdings Inc. might buy the Pinterest social media company for approximately $45 billion in what would be the tech industry’s biggest takeover of 2021, Bloomberg reported.The Consumer Financial Protection Bureau has issued an order to Amazon, Apple, Facebook, Google, PayPal, and Square asking for information on how they use personal payment data …
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20 October
Stripe Strikes Again In Executing Its Strategy to Expand Beyond Online Payments Acceptance
Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …
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19 October
Paysafe Relaunches its Partner Program and other Digital Transactions News briefs from 10/19/21
Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …
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18 October
Fiserv Acquires BentoBox and other Digital Transactions News briefs from 10/18/21
Fiserv Inc. announced the acquisition of BentoBox, a specialist in online restaurant platforms and technology. BentoBox serves more than 14,000 restaurant locations. Terms were not disclosed.Mindbody, a payments and technology platform for the fitness industry, announced it has closed on its acquisition of ClassPass, a monthly subscription service also focused on …
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15 October
Bakkt Acquisition a Step Closer and other Digital Transactions News briefs from 10/15/21
VPC Impact Acquisition Holdings, a special-purpose acquisition company, announced its shareholders approved VPC’s acquisition of Bakkt, thus taking the digital-asset marketplace public.Payments-technology provider Worldnet Payments said it is the first integrated payments platform to complete a Level III EMV and contactless certification of Ingenico’s Self Series of devices. Ingenico is a unit of Worldline S.A.Payments …
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14 October
The U.K.’s SumUp Busts Into the U.S. Acquiring Market With Its Deal for Fivestars
In a deal that could have important implications for payments providers like Square Inc. and Stripe Inc., the United Kingdom’s SumUp Inc. early Thursday announced it has acquired Fivestars Loyalty Inc., a San Francisco-based payment facilitator for some 12,000 small businesses. The acquisition, SumUp’s first in the U.S. market, calls …
