Digital Transactions Authoritative, insightful and timely information for payments professionals
Merchant acquiring is Fiserv Inc.’s largest and fastest-growing business, and in the second quarter it showed no signs of slowing down. Driven by technologies like Clover, a set of point-of-sale gear, and Carat, a fast-growing commerce platform, the acquiring unit posted $1.9 billion in revenue in the quarter ended June …
July, 2022
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26 July
Amazon.com Launches a Digital Wallet to Simplify Money Management For Sellers
To help sellers more easily manage proceeds from sales on their Amazon stores and expand their business globally, Amazon.com Inc. late Monday launched a digital wallet that allows sellers to hold, view, and transfer funds from sales on the marketplace directly to their bank accounts. The wallet, which Amazon announced …
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26 July
Waitr Secures MetLift Stadium Deal And Other Digital Transactions News briefs from 7/26/22
Waitr Holdings Inc., which is changing its name to ASAP, said it will be the exclusive mobile ordering platform for the New York Giants, New York Jets, and MetLife Stadium, the venue shared by both teams.The worldwide tokenization market is forecasted to grow from $2.6 billion in 2021 to $12.7 billion by …
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25 July
Global Digital Cross Border Transactions Are Exploding, a Researcher Reports
With digital domestic money transfers expected to exceed 300 billion transactions globally in 2026, up from a projected 207 billion transactions in 2022, a nearly 50% increase, new players are expected to push the envelope by introducing alternative forms of digital cross-border transfers, such as cryptocurrency and central digital bank …
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25 July
Albertsons Adds Online EBT Acceptance at More Than 2,200 Stores
A whopping 2,276 more grocery stores soon will accept electronic benefits transfer payments for online grocery shopping. In one move, Albertsons Cos., parent of Albertsons, Safeway, Jewel-Osco, Vons, and Pavilions stores, said the payment option is now available across its stores. Albertsons said more of its 22 brands will add …
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25 July
Datacap Gift Launches And Other Digital Transactions News briefs from 7/25/22
Datacap Systems Inc. said it is working with gift card provider Card Market to enable Datacap partners to order custom gift cards for Datacap Gift, Datacap’s new omnichannel gift platform.E-commerce platform Promenade Group expanded its service to include Promenade for Butchers that includes a Web site, online ordering, delivery options, marketing, back-office management, …
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22 July
Cardholder Volume Booms for AmEx As a Pandemic Recovery Continues
Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …
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22 July
The Price of Malware? Just $10
The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …
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22 July
Predators Pick Celero and other Digital Transactions News briefs from 7/22/22
Payments provider Celero Commerce announced it is the preferred processor for the Nashville Predators of the National Hockey League.Datacap Systems Inc. and PAX Technology Inc. announced an integration partnership. Datatcap’s software is now certified on multiple PAX devices.Payments provider ACI Worldwide Inc. extended an agreement with analytics firm IR for real-time transaction monitoring.Marriott International announced …
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21 July
Visa Founder Dee Hock Forged a Network Giant Out of a Collection of Squabbling Banks
Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …
