Digital Transactions Authoritative, insightful and timely information for payments professionals
Dealer Pay, a provider of point-of-sale payment acceptance for auto and truck dealerships, said it has joined the CDK Global Partner Program, which features applications and integrations for automotive dealers. Mastercard Inc. is working with the U.S. International Development Finance Corporation to help support financial institutions and businesses that work with …
December, 2022
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15 December
No Slowdown for Record-Breaking Phishing Attacks
Phishing attacks continue to set record highs. The third quarter of 2022 was the highest quarter on record for number of attacks, according to the latest Anti-Phishing Working Group’s Phishing Activity Trends report, released Wednesday. The APWG observed 1,270,883 phishing attacks during the September quarter, up 16% from a then-record …
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15 December
An FIS Board Shakeup Arrives As the Processor Begins a Wholesale Company Review
FIS Inc., one of the world’s largest payment processors, is undergoing more changes at the top. Jacksonville, Fla.-based FIS will replace its existing board structure, where Gary A. Norcross, chief executive, also was board chairman, with an independent director as the chair beginning Dec. 16. Replacing him as chairman is …
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15 December
Afterpay Most Used BNPL Option by Gen Z And Other Digital Transactions News briefs from 12/15/22
Afterpay, the buy now, pay later service owned by Block Inc.’s Square, is the one most used by Gen Z consumers—those between 18 and 25 years old—according to a survey from Insights in Marketing, a marketing consultancy, with 58% of them having used Afterpay. Next was Klarna at 44%; Affirm …
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14 December
Eye on Acquiring: Prizeout’s e-Gift Card Integration With Square; Ingenico Teams Up With Izicap
Prizeout Corp., an adtech firm and e-gift card issuer, has partnered with Square to enable Square merchants to integrate their Square account with Prizeout’s platform. The integration will streamline e-gift settlement for Square merchants on transactions managed by Prizeout. In addition, Square merchants will be able to make their e-gift …
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14 December
Is BNPL Risk Overstated? New Data Suggests It Isn’t
One impression of consumers who use buy now, pay later services is that they may not be as financially literate as others. New data from Capterra, a software reviews and selection platform, indicate that picture may not be entirely accurate. In Arlington, Va.-based Capterra’s “2022 Buy Now, Pay Later Survey,” …
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14 December
Billtrust Goes Private And Other Digital Transactions News briefs from 12/14/22
BTRS Holdings Inc., also known as Billtrust, said it will go private on Dec. 16 through a merger with an affiliate of EQT X Fund. The business-to-business payments provider went public in January 2021 through a merger with South Mountain Merger Corp., a special purpose acquisition corporation, or SPAC. Payments provider ACI Worldwide said it …
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13 December
Facing Fast Growth, Payment Providers Plan a Hiring Blitz in 2023
At a time when many businesses are struggling to fill job openings, payments provider VizyPay LLC announced on Tuesday it is planning a “hiring blitz” in 2023. In preparation for the influx of new employees, the Waukee, Iowa-based processor named Alex Schaeffer director of learning and development and Marj Chaffin …
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13 December
The CFPB Proposes to Publish Details on State or Local Enforcement Actions
The Consumer Financial Protection Bureau has become a much more active regulator of payments and other financial industries since the onset of the Biden Administration, and on Monday the agency lent further momentum to that trend. The 11-year-old federal agency is now asking for public comment on a proposal that …
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13 December
POS Updates Top-of-Mind for Restaurants And Other Digital Transactions News briefs from 12/13/22
Point-of-sale system maker TouchBistro released its 2023 “State of Restaurants” report that found 76% of restaurant operators changed their POS systems in the past year and 66% used a system with an integrated payment processing service. The study, now in its fifth year, was based on research from 600 full service restaurant …