Digital Transactions Authoritative, insightful and timely information for payments professionals
American Express Co. announced AmEx Business Link, a business-to-business payments ecosystem for network issuing and acquiring clients to offer their business customers. Payments provider Newtek Business Services said it has received conditional approval from the Office of the Comptroller of the Currency to close on its acquisition of the National Bank of New …
December, 2022
November, 2022
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30 November
As Covid Fears Wane, Consumers And Retailers Are Using Curbside Pickup Less
While holiday sales are off to a strong start, consumers are making less use of curbside pickup, a service that rapidly gained momentum at the onset of the Covid-19 pandemic. Curbside pickup accounted for 13% of online orders on Thanksgiving day and Black Friday among retailers that offer the service, …
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30 November
Travel Specialist Amadeus Books Chargebacks911 To Help with Disputes
Chargebacks are a problem area for most merchants and airlines are no more immune. So Amadeus, a global distribution company for the travel industry, is launching its Amadeus Chargeback Management program. Announced Wednesday, the new service will provide airlines with an automated and outsourced chargeback-management program. It comes as airlines …
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30 November
Moneybird Picks Adyen And Other Digital Transactions News briefs from 11/30/22
Payments provider Adyen Inc. said Moneybird, a software-as-a-service platform, has agreed to use card-issuing and business-accounts services the payments company has recently released. Prepaid card specialist Blackhawk Network announced its rebates-redemption platform has exceeded 1 billion transactions. Rebates are processed via branded gift or prepaid cards. POSaBIT Systems Corp., a specialist in payments processing …
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29 November
Deep Discounts Helped Drive Strong Cyber Monday Sales
Consumer spending on Cyber Monday met expectations, with consumers spending $11.3 billion, up 5.8% from a year earlier, according to the latest Adobe Analytics figures. The spending spree was so strong that during the peak shopping hours of 8:00 a.m. to 9:00 p.m. Pacific Standard Time, consumers spent $12.8 million …
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29 November
ACI Leverages Its RocketFuel Link to Enable Online Crypto Transactions for Vendo
The swift collapse of the major cryptocurrency exchange FTX hasn’t dampened processors’ interest in striking deals to enable crypto transactions for small and mid-size merchants. In the latest news, ACI Worldwide Inc. early Tuesday said it will enable payments in at least 127 digital currencies for e-commerce merchants served by …
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29 November
LaGuardia Restaurants Add Contactless And Other Digital Transactions News briefs from 11/29/22
OTG Management, which manages airport restaurants, said it is supporting contactless payments and an expansion of Apple Pay and Google Pay acceptance, along with PayPal and Venmo, at two newly opened restaurants at LaGuardia airport. BigCommerce said merchants using its e-commerce sales had a 31% increase year-over-year in gross merchandise value …
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28 November
Holiday Traffic Is off to a Strong Start Despite Inflationary Pressures
Despite consumer concerns over higher prices caused by inflation, spending for the holiday shopping season got off to a strong start over the weekend. Total retail sales in the United States, including in-store and e-commerce transactions but excluding the automotive sector, were up more than 12% on Black Friday from …
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28 November
How the Nation’s Biggest Banks Are Working to Address P2P Payment Scams
An ongoing controversy regarding consumer losses to authorized but fraudulent transfers on the Zelle peer-to-peer platform has stirred at least some of the country’s biggest banks to work out a range of solutions, including wider adoption of scam defense and detection technology, sources tell Digital Transactions News. This development comes …
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28 November
POSaBIT Enters Vermont And Other Digital Transactions News briefs from 11/28/22
POSaBIT Systems Corp., a point-of-sale system maker for the cannabis industry, said its system is now available in Vermont, making it the 21st state for the company’s products. Bread Financial Holdings Inc. said its buy now, pay later product is now available to participating Versatile Credit Inc. merchants and their …
