News

July, 2024

• 3 July

  Coinbase Wins a Federal Contract to Store Digital Assets

  

  Cryptocurrency exchange and management provider Coinbase Inc. has won a $35.5-million contract to safeguard and trade digital assets on behalf of the U.S. Marshals Service. The Service, a unit of the U.S. Department of Justice, is responsible for asset forfeitures arising from federal legal cases, including cases that involve recovery …
• 3 July

  Canadian Processor Helcim Looks to Draw More Partners With a Revenue Split

  

  The Canada-based payments provider Helcim Inc., which like many processors works with a range of third-party partners, said late on Tuesday it is stepping up that collaboration to allow these integration partners to share in the company’s transaction revenue. Helcim figures revenue sharing will help attract yet more developers and …
• 3 July

  Netevia Lines up $120 Million in Funding and other Digital Transactions News briefs from 7/3/24

  

  Payments provider Netevia Group LLC said it raised up to $120 million committed and uncommitted capital from private investment firm WhiteHorse Capital. Ant Group and Mastercard Inc., and 12 other Ant payment partners have extended the International Consumer Friendly Zones program to Chengdu and Chongqing because inbound tourist travel is increasing in the region. They launched …
• 2 July

  How the Supreme Court Has Set up an Intense Struggle Over Sellers’ Debit Card Costs

  

  Decisions from the U.S. Supreme Court are supposed to settle matters, but a verdict the high court delivered early Monday has the potential to stir up debit card pricing questions for some time to come, some observers say. The justices, in a 6-3 decision, ruled a case brought by a …
• 2 July

  Despite Exposure, AU10TIX Says There’s No Malicious Activity From Stolen Credentials

  

  Allegations that sensitive identification data managed by Israel-based AU10TIX could have been accessible outside of verified access are not fully accurate, AU10TIX says. The suggestion of a possible data exposure comes from a 404 Media report that says online administrative credentials were exposed for more than a year, according to …
• 2 July

  Raptor Acquires PayK12 and other Digital Transactions News briefs from 7/2/24

  

  Raptor Technologies, a provider of software to schools, announced it has acquired PayK12, a platform for online payments and event ticketing for schools from kindergarten through 12th grade. Terms were not announced. Payments-technology provider SpotOn said it has joined the U.S. Foods Check Business Tools program, which provides technology and services to …
• 1 July

  Contactless May At Some Point Include Functions Beyond Payment, the NFC Forum Says

  

  Contactless transactions were supercharged by the pandemic, and now slightly more than half of U.S. cardholders are using the technology when they pay with either cards or wallets, according to Mastercard Inc. research. With that kind of momentum behind them, researchers are looking at ways to expand near-field communication technology, …
• 1 July

  Nayax Readies EV CloudPay for Burgeoning Electric Vehicle Charging Payments

  

  Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …
• 1 July

  Debit Cap Suit Can Proceed and other Digital Transactions News briefs from 7/1/24

  

  The U.S. Supreme Court ruled a lawsuit challenging the Federal Reserve’s 2011 debit card cap as too high can move forward. The suit, brought in 2021 by a North Dakota truck stop, had been opposed by banks as having been filed too late. Downloads of digital-identity apps will grow 126% worldwide, …

June, 2024

• 28 June

  Tiptop Adds a New Twist to BNPL By Applying Trade-In Value to New Purchases

  

  Tiptop Labs Inc., a payments-service provider, has launched a buy now, pay later program that allows consumers to trade in items for a credit toward a new purchase with select e-commerce merchants. The idea of applying trade-in value for a new purchase grew out of a trade-in-only app Tiptop launched …