Digital Transactions Authoritative, insightful and timely information for payments professionals
Buy now, pay later provider Affirm Holdings Inc. has expanded its payment options to include Pay in 2 and Pay in 30. The new BNPL options are intended to provide consumers with more flexibility in budgeting their monthly income, the company says. Data from the Bureau of Labor Statistics shows …
June, 2024
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6 June
Canadian Customers Are Losing Enthusiasm for Credit Card And Banking Apps And Sites
Banks and credit card companies have launched online services and mobile apps over the years to reinforce ties to their most valuable customers and win new ones. But, in Canada at least, that effort is hitting a brick wall, a series of new reports from J.D. Power indicates. While Canadian …
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6 June
The Best Tipping State and other Digital Transactions News briefs from 6/6/24
Toast Inc., a provider of pay-at-table payments devices for the hospitality market, reported data derived from 112,000 restaurant locations in its Q1 2024 Restaurant Trends Report. Among the results: Tipping is most generous in Delaware, where it averages 22.1% of the bill. Mastercard Inc. said it is integrating Deposit Switch and …
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5 June
Is eBay’s Decision to Drop AmEx a Ploy To Negotiate Lower Acceptance Costs?
EBay Inc.’s decision to stop accepting American Express cards effective Aug. 17 is generating big headlines, but some payments-industry experts question whether the decision is really a tactic to negotiate a lower interchange rate from the travel-and-entertainment card giant, given that eBay says it won’t stop accepting AmEx for about …
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5 June
Adyen’s Payment Tech Finds a Home at Prada
Italian fashion house Prada is adopting omnichannel payments technology from Adyen NV in a bid to build a single financial technology platform across all its retail channels. Tap to Pay on iPhone in Prada’s U.S. locations and its Milan store is a centerpiece of the partnership, Adyen says, and potentially …
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5 June
CFPB Lays Out Open Banking Standard Steps and other Digital Transactions News briefs from 6/5/24
The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking. Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications …
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4 June
Enable Payments Across Any Platform with Payarc: Your Gateway to Superior Payments Services
In the ever-evolving realm of payment processing, independent sales agents require more than just a partner – they need a strategic ally who understands their challenges and provides tailored solutions to propel them forward. Enter Payarc, a game-changer in the industry, offering unmatched support and opportunities that set agents apart …
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4 June
Eye on POS: With Cheq, Cantaloupe Furthers Its Push Into Sports Venues; InterPayments Launches Surcharging Tech
Cantaloupe Inc. announced early Tuesday it will install its Cheq point-of-sale platform at professional soccer club Detroit City FC’s home stadium for all games and live events. Cantaloupe will begin providing POS services at the stadium in June as part of a multi-year deal. The deal builds on Cantaloupe’s acquisition …
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4 June
Visa Marks 10 Billion Tokens Since Launching the Technology a Decade Ago
Visa Inc. says the 10 billion tokens it’s issued since 2014 are just the tipping point, as it expects Visa’s tokenized transactions to grow exponentially over the next several years. Visa announced the 10-billion milestone Tuesday. As of April, 29% of all transactions processed by Visa used tokens. Tokenization uses …
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4 June
FreedomPay Lands Big 5 and other Digital Transactions News briefs from 6/4/24
FreedomPay Inc. said Big 5 Sporting Goods has signed with the company to process payments at its 424 stores throughout the U.S. market. Canada-based identity platform Trulioo said it will work with Mastercard to offer identity-verification services in onboarding both merchants and consumers to help prevent fraud. The Consumer Financial Protection Bureau finalized a rule …