Digital Transactions Authoritative, insightful and timely information for payments professionals
Slake IT LLC on Monday launched a food-delivery app that enables consumers to pay for orders using cryptocurrency in addition to credit cards. The company, which is supporting the Ethereum platform to enable crypto payments, has partnered with drivers of multiple food-delivery companies, including DoorDash, Uber Eats, and Grubhub, to …
October, 2023
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9 October
COMMENTARY: Why the Credit Card Competition Act Falls Short
The Credit Card Competition Act (CCCA) looks to be headed for a vote before the end of the year, spurred in part by Sen. Dick Durbin’s recent urging that it be brought to the Senate floor. While the Illinois Senator is of the mind it will help increase industrywide competition …
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9 October
Rainforest Raises $11.75 Million And Other Digital Transactions News briefs from 10/9/23
Rainforest, an Atlanta-based platform for embedded payments, has closed on an $11.75-million seed funding round led by Accel. Beverly, Mass., has contracted with Passport for support of mobile payments for parking in the town. Passport claims more than 800 cities and other entities using the app. Instant Financial, a provider of earned-wage …
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6 October
Pricing Rules Are at the Heart of a New Class-Action Lawsuit Against PayPal
A new lawsuit filed Thursday against PayPal Holdings Inc. alleges the online powerhouse uses illegally anticompetitive policies that increase costs for consumers. Filed by Hagens Berman, a law firm that specializes in class-action litigation, the suit contends that PayPal prohibits merchants that work with it to offer pricing discounts when …
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6 October
COMMENTARY: Why Stripe Will Dominate the New Era of Processing
In North American payments, full-suite processors—those that perform direct authorization and interchange for branded networks, including Visa and Mastercard—belong to an exclusive club. But many still rely on what would otherwise be considered commercially obsolete infrastructure. All of them grew up in a world where magstripe was leading edge, payment …
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6 October
Streamline One Launches And Other Digital Transactions News briefs from 10/6/23
Property-management technology provider Streamline launched Streamline One, a set of technologies including reservation verification and rental-payments acceptance. Sightline, a specialist in digital casino payments, launched Deposit+, a service that credits to the casino’s bank account cash sitting in slot machines and kiosks for immediate access. As part of its entry into …
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5 October
Galileo Brings BNPL to Small Businesses Through Mastercard Installments
Galileo Financial Technologies LLC has expanded its buy now, pay later offering to small businesses for business-to-business purchases. The offering is available to lenders and fintechs using Galileo’s technology. They will have the option to customize the total number of installment payments for BNPL loans, according to Galileo. Galileo, which …
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5 October
Small-Screen Shopping Set To Dominate 2023 Holiday Spending
One of the first forecasts for the upcoming 2023 holiday shopping period predicts that mobile devices will overtake desktop ones for e-commerce for the first time. Adobe Inc., in its Nov. 1-to-Dec. 31 holiday-shopping forecast, released Thursday, forecasts that U.S. online holiday sales will reach $221.8 billion, a 4.8% increase …
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5 October
Mapbox’s In-Car Payments And Other Digital Transactions News briefs from 10/5/23
Location-technology vendor Mapbox launched MapGPT, an automobile-based voice assistant incorporating generative artificial intelligence. Among its features is an ability to process payments, starting in Japan with that country’s PayPay app. Stop & Shop and Food Lion have adopted a mobile shopping app from Peapod Digital Labs, an e-commerce technology developer for Ahold Delhaize …
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4 October
PayPal Makes Good on Its Apple Pay Card Vow
Almost a year after vowing to make its PayPal- and Venmo-branded credit and debit cards available in Apple Wallet, PayPal Holdings Inc. has come through on that promise. With the move, announced Wednesday, eligible PayPal and Venmo cards can be added to Apple Wallet by tapping the “Add Debit or …