Digital Transactions Authoritative, insightful and timely information for payments professionals
J.P. Morgan launched its Payments Partner Network, a cloud-based online marketplace for payments providers integrated with the banking giant’s payments platform. The marketplace’s technology is supported by Salesforce. Five-year-old cryptocurrency-wallet provider Magic raised $52 million in a funding round led by PayPal Ventures. The round brings Magic’s total raise to $80 million. Digital …
June, 2023
May, 2023
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31 May
Affirm Expands its Global Reach Through a Partnership With FIS’s Worldpay
BNPL provider Affirm Holdings Inc. has struck a multi-year partnership with payment processor Worldpay to make its Adaptive Checkout solution available to Worldpay merchants. The deal will enable Worldpay merchants to offer consumers bi-weekly and monthly payment options. Worldpay is a unit of the big processor FIS Inc. The deal, …
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31 May
As New Services Roil P2P, Fiserv Gets Set to Shut Down Its Popmoney Network
Fiserv Inc. will discontinue its longstanding Popmoney peer-to-peer payments service on June 30, the processing giant said, following notices being posted by participating banks. The move comes as the processing giant shifts its priorities to supporting the bank-owned Zelle network, according to a Fiserv spokesperson. “Due to the tremendous success …
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31 May
ACI Picks New CEO And Other Digital Transactions News briefs from 5/31/23
ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …
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30 May
Friendly Fraud Is on a Sharp Rise, Chargebacks911 Finds
So-called friendly fraud is a growing problem for many merchants. A report from chargeback-management firm Chargebacks911 reveals that nearly three quarters of the 300 merchants surveyed have seen a 19% increase in illegitimate chargebacks on average so far in 2023 compared to the same period last year. At the same …
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30 May
Disbursement Platform Onbe Adds PayPal And Venmo
Citing a strong user preference for PayPal and Venmo, the digital-disbursements provider Onbe early Tuesday said it is adding the two channels to its menu of payment choices. The move brings two major payments platforms to the Chicago-based company’s payout options, which includes the mobile -payments providers Apple Pay and …
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30 May
Sylq Selects ThetaRay And Other Digital Transactions News briefs from 5/30/23
ThetaRay Ltd., a U.S. and Israeli provider of transaction-monitoring technology based on artificial intelligence, said France-based payments provider Sylq has contracted to use its customer-screening product. Fingerprint-authentication provider IDEX Biometrics is working with security firm AuthenTrend to offer smart cards for digital authentication in such applications as cryptocurrency wallets. The product’s launch …
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26 May
Stripe Supports Lotus Online Auto Sales; Fiserv Moves to the NYSE
British automaker Lotus Cars Ltd. has selected Stripe Inc. as the processor for its direct-to-consumer sales in Europe. The deal will enable consumers to configure, order, and pay for cars online. Consumers can use such payment methods as Apple Pay, Google Pay, and bank transfers. Lotus will be able to …
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26 May
COMMENTARY: Five Ways Global Payment Orchestration Is Key to Payment ROI
Payment orchestration has entered a new phase, evolving from a gateway or regional solution to include sophisticated global capabilities and services. This unlocks a set of powerful capabilities that allow businesses to customize on a global scale, turning on and off services by region, product, and sales channel, increasing authorization …
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26 May
SMBs Give AI A Try And Other Digital Transactions News briefs from 5/26/23
Some 38% of U.S. small businesses have tried generative AI tools—27% for fun and another 11% to run their businesses—according to an April survey of 1,003 businesses by Web-site provider and payments platform GoDaddy Inc. Such payments companies as Stripe Inc. have incorporated chatGPT, a form of generative AI, to support their …