Tuesday , July 5, 2022

Mobile Commerce

Aeropay’s ACH Integration with Flowhub and other Digital Transactions News briefs from 4/28/22

Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …

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PayPal’s Schulman Stresses a New Super App And Improved Checkout to Drive Growth

PayPal Holdings Inc.’s top management made it plain late Wednesday they’re not backing down from a strategy they outlined three months ago that made it seem the payments giant was abandoning an emphasis on sheer growth in favor of increased user engagement . That impression disappointed analysts who follow the …

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Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals

Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …

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NCR Revenue up 26% and other Digital Transactions News briefs from 4/27/22

NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …

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As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter

A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …

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Choice Acquires ISO and other Digital Transactions News briefs from 4/26/22

The payments platform Choice Inc. has acquired payments provider Direct Payment Consultants, boosting Choice to more than $3 billion in annual volume on more than 7,000 clients. In a separate transaction, Choice has been acquired by Nexa Equity LLC, a private-equity firm. The terms of the two transactions were not disclosed.A startup …

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Apple’s Switch to Visa for Its Virtual Cash Card Could Come Down to International Connections

Apple Inc. is switching its network affiliation for its Apple Pay Cash virtual debit card to Visa Inc. after more than four years of issuing the card on the Discover Network. Information about the rationale for the move was not immediately available as the news emerged late last week on …

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Mastercard And Microsoft Team on an Enhanced Verification Solution for E-Commerce

With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …

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Bonifi Picks Finicity and other Digital Transactions News briefs from 4/25/22

Data-exchange network Bonifii said it has selected Mastercard Inc.’s Finicity unit to provide open-banking services to access consumer bank data and support underwriting for mortgage, auto, personal, and small-business loans.A financing company for patients to pay medical bills, iVitaFi, launched IVitaFi MyPlan, a payment platform that allows guarantors to access medical bills and …

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AmEx Brushes off Inflation Fears As It Reports Big First Quarter Results

American Express Co. reported a strong first quarter early Friday that betokens a return to pre-pandemic performance for the company, though it also confronts questions stemming from emerging inflation and the threat of recession. AmEx reported overall spending in its crucial travel-and-entertainment business in March reached 99% of the total …

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Digital Transactions