Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …
January, 2023
-
5 January
Lured By Deep Discounts, Online Shoppers Set a Spending Record for the 2022 Holiday Shopping Season
E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …
-
5 January
Why the FTC Isolated Mastercard With Its Pre-Christmas Consent Order
When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …
-
5 January
What’s in ACI’s Future? And Other Digital Transactions News briefs from 1/5/23
ACI Worldwide Inc.’s shares finished up 13% to $26.11 on Wednesday as Bloomberg reported the payments company is talking to private-equity players about a possible sale. Payments processor Computer Services Inc. said it is working with Microsoft to rebuild its technology on Azure, Microsoft’s cloud-services platform. CardWorks Servicing LLC, a unit of CardWorks …
-
4 January
As Stadium Pay Heats up, Cheq Expands Its Platform in South Florida
Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …
-
4 January
ID Theft Hits Black Victims’ Wallets Especially Hard, New Research Says
Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …
-
4 January
Ackroo’s Simpliconnect Deal And Other Digital Transactions News briefs from 1/4/23
Ackroo Inc., a point-of-sale marketing and payments platform, said it has closed on its acquisition of Simpliconnect, a cloud-based marketing service for service stations and convenience stores. Under the terms of the deal, Ackroo paid $750,000 at the close and will make six monthly cash payments of $125,000 starting July …
-
3 January
Inflation’s Impact On Remittances And Other Digital Transactions News briefs from 1/3/23
The number of cryptocurrency hacks globally reached 190 last year, setting a new annual record and exceeding 2021’s total by 44%, according to Comparitech. The value stolen totaled $3.57 billion, exceeding the combined total for 2019, 2020, and 2021. Some 82% of senders of remittances across borders said the cost of living has risen …
December, 2022
-
30 December
UnionPay Adds 4 million Merchants Globally And Other Digital Transactions News briefs from 12/30/22
China-based UnionPay International announced 38 million merchants globally now accept the UnionPay card, four times the number 10 years ago, with 4 million added in 2022. UnionPay has issued more than 20 million cards internationally this year, bringing to more than 200 million the number of cards outside the Chinese Mainland. Former …
-
29 December
Empowering Merchants with Real-Time Payment Data
Merchants continue to pull every lever to generate additional revenue within an increasingly competitive landscape. For them, it is a matter of survival. And while numerous offerings promise equally innumerable benefits, there’s a hidden goldmine that can ensure the growth merchants are looking for: their payments data in real-time. > …