Digital Transactions Authoritative, insightful and timely information for payments professionals
National Retail Solutions Inc., a provider of point-of-sale technology to independent retailers, reported same-store sales in April among retailers in its network grew 6.5% compared to the same period a year earlier. The increase was a significant jump from the 0.1% increase in same-store sales in March, compared to a …
May, 2023
-
3 May
Western Union Views Visa+ as Complement
The Western Union Co. says its decision to join the early set of providers in Visa Inc.’s interoperable peer-to-peer payments service called Visa+ reflects its business. Visa+ allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between …
-
3 May
Deluxe and Echo Form DPX Payments And Other Digital Transactions News briefs from 5/3/23
Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …
-
2 May
Fiserv Gives the Burgeoning Text to Pay Option a Big Boost
Fiserv Inc. has partnered with conversational-commerce platform provider Authvia to enable independent software vendors to offer a text-to-pay solution through Fiserv’s CardPointe gateway. The offering, which was developed in response to the growing use by businesses of tools to communicate with consumers via text and chat, allows businesses to bill, …
-
2 May
GoDaddy Joins With Microsoft to Enable Payments During Meetings on Teams
Businesses were quick to adopt online chat platforms as a handy meeting tool during the pandemic, and now payments providers are starting to target the services as a new venue for transactions. One of the first is GoDaddy Inc., which on Monday announced it is working with Microsoft Corp. to …
-
2 May
Rev Worldwide Closes Netspend Deal And Other Digital Transactions News briefs from 5/1/23
Working with Searchlight Capital Partners, payments provider Rev Worldwide closed on its $1-billion all-cash acquisition of the Netspend consumer business from Global Payments Inc. Netspend is a specialist in prepaid and debit cards for more than 100,000 retail locations. Payments provider Finix Payments Inc. said it is now a payment processor, having completed direct connections to …
-
1 May
Amazon Offers Richer Rewards For its Cobranded Visa Cards
Amazon.com Inc. has beefed up the rewards for its Visa-branded cards issued by Chase, in response to cardholder’s desire for travel-related perks and the ability to earn more rewards for day-to-day expenses, such as commuting. Additionally, Amazon is allowing cardholders to redeem rewards daily and has rebranded its cards. Prime …
-
1 May
Global Payments Looks for Big Results From EVO As Long-Time CEO Sloan Prepares to Leave
The big processor Global Payments Inc. on Monday morning announced upbeat first-quarter results but also said its chief executive, Jeff Sloan, is departing after nine years in the role. Sloan, who will leave Global Payments June 1 and will be succeeded by long-time president and chief operating officer Cameron Bready, …
-
1 May
TreviPay Marks Spryker Integration And Other Digital Transactions News briefs from 5/1/23
Business-to-business payments specialist TreviPay said it will integrate its services with Spryker, a commerce platform for enterprise businesses. Chargeback resolution provider Chargebacks911 issued a plea for “regulatory discretion” as the financial technology industry develops. In April, Chargebacks911 was accused by the Federal Trade Commission and the Florida attorney general of allegedly using multiple techniques …
April, 2023
-
28 April
The Addition of Citi Flex Pay To Amazon Pay Could Be a Winner For Amazon and Citibank
Amazon.com Inc.’s deal with Citibank N.A. to add Citi Flex Pay, the card issuer’s installment-loan program, to its Amazon Pay digital wallet is expected to pay big dividends for both parties. By adding Citi Flex Pay, Amazon Pay will gain access to one of the largest cardholder bases in the …
