News

December, 2022

• 27 December

  The Advantage of Cloud-Enabled Payments for ISVs

  

  By Tom Byrnes, SVP, Marketing If you are an ISV, you know that adding payments to your solution adds value and gives you a competitive edge in the marketplace. Whether you like it or not, if your user base accepts payments, you are – by default – in the payments …
• 27 December

  U.S. Holidays Sales Soar 7.6% And Other Digital Transactions News briefs from 12/27/22

  

  U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …
• 23 December

  Eye on Blockchain: RocketFuel Sees Rising Crypto Transaction Counts; Centbee Raises $1 Million

  

  You wouldn’t know it from all the headline stories regarding the collapse of the FTX cryptocurrency exchange, but below the surface commerce in digital currencies continues unabated, albeit still at very low volumes relative to commerce in fiat. RocketFuel Blockchain Inc., a San Francisco crypto processor for e-commerce merchants, announced …
• 23 December

  COMMENTARY: A Forecast for Secure Payments in 2023

  

  The world will not stand still in 2023—not in retail and certainly not in payments. For the coming year, security and automation will be the focus of the trends and innovations we’ll be seeing in the payments space. Let’s explore this further. Credit card tokens from Visa, Mastercard, Discover (Diners), …
• 23 December

  U.S. BNPL Forecasted To Reach $6.5 Billion In 5 Years And Other Digital Transactions News briefs from 12/23/22

  

  The volume of buy now, pay later loans in the U.S. market will total $1.92 billion this year, up 25% from $1.54 billion in 2021, according to research from Research and Markets. The report projects the market will hit $6.5 billion by 2027.
• 22 December

  Consumers’ Ailing Financial Health Could Cast a Shadow Over the Holiday Shopping Season

  

  As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …
• 22 December

  Payments Veteran Bisignano Signs on As Fiserv Chairman and CEO for Another Five Years

  Long-time payments executive Frank Bisignano, who has guided payments giant Fiserv Inc. through a tumultuous time in the payments industry, has signed on to lead the company for another five years. Bisignano became chairman of the Brookfield, Wis.-based company in May, following his appointment as chief executive in July 2020. …
• 22 December

  Crime Ring Targets Online Retailers And Other Digital Transactions News briefs from 12/22/22

  

  A fraud ring that appears to be based in Southeast Asia is targeting U.S. retailers and has already committed an estimated $660 million in fraud in stolen laptops, cell phones, computer chips, gaming devices, and other goods just in November, said Signifyd, an online-fraud prevention firm. Signifyd said it has been tracking …
• 21 December

  4 benefits of integrating payments with your software solution

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon As the worlds of technology and financial services converge, providing your merchants and their end users with a connected buying experience is crucial to differentiating your software in an increasingly crowded and competitive market. ISVs are now …
• 21 December

  Paya Partners With 1Retail to Bring Integrated Payments to Small Businesses

  

  Payments provider Paya Inc. has agreed to supply point-of-sale systems supplier 1Retail with technology that enables EMV contactless and stored payments in enterprise resource planning (ERP) software from Acumatica Cloud. The deal provides Paya’s and 1Retail’s mutual customers running the Acumatica ERP platform with a POS system that works in …