Digital Transactions Authoritative, insightful and timely information for payments professionals
Chargebacks911 said it is working with AirlinePros, a distribution company for airlines, to combat chargebacks wrongly filed against air carriers as air travel continues to recover.In related news, the Mastercard Economics Institute estimated 1.5 billion more passengers will book flights in 2022 than did so last year, indicating a rebound for air travel …
June, 2022
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22 June
Fraudsters Favor Content Scams to Bilk Consumers Out of Crypto And Other Assets
The confluence of the explosion in digital transactions the past two years, hyper-inflation, and pent-up consumer demand has created a perfect storm that is allowing fraudsters to lure consumers into online traps that result in financial losses. A recent report from Sift Science Inc. reveals that such scams account for …
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22 June
Regulation May Loom, But For Now BNPL Is Enjoying a Growth Blowout
It may have attracted the attention of federal regulators, but the buy now, pay later trend is poised for further strong growth driven by easier-to-use apps, the entry of major new players like Apple Inc., and expansion into new retail markets, according to a report issued early Wednesday. U.S. purchase …
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22 June
Mastercard’s First Album and other Digital Transactions News briefs from 6/22/22
Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …
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21 June
Eye on Stadium Pay: Shift4 Expands Its Portfolio; Cheq Checks in With the Miami Dolphins
Sports stadiums and entertainment venues continue to be a major focus for Shift4 Payments Inc. On Tuesday, the processor announced it will provide payment processing and online ordering for food and beverage concessions, as well as retail sales, at Nashville’s Nissan Stadium, home of the National Football League’s Tennessee Titans. …
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21 June
Stripe Says It Is Remolding Bank Transfers to Ease Acceptance by Businesses
Stripe Inc. has introduced a direct-transfer product that it says allows users to send payments from their bank accounts to businesses without the account-reconciliation headaches that have historically plagued wire transfers. The new service is now available in the United States, Mexico, and the European Union, having been launched in …
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21 June
POSaBit Secures Expansion Funding and other Digital Transactions News briefs from 6/21/22
POSaBIT Systems Corp., a point-of-sale system provider for the cannabis industry, announced a private placement of more than 5.8 million shares that generated approximately C$47.7 million ($3.6 million) that will help support its launch in eight U.S. state by year’s end.Corpay, a payments-technology unit of the U.S.-based payments provider Fleetcor, …
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20 June
PingPong Strengthens Its Cross-Border Payments Business With a JCB Deal
Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …
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20 June
Payveris Adds Mobile, Text, Apps, And Other Popular Options for Loan Payments to Banks
Citing a gap in the market for real-time loan repayments to financial institutions, bill-payment provider Payveris has launched Loan Payments, a service that can handle payments on debit cards and via the automated clearing house, as well as in cash. The new service comes in response to what the Cromwell, …
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20 June
Linxens in Biometric Card Deal and other Digital Transactions News briefs from 6/20/22
Linxens Holding SAS has become the global provider of biometric smart cards produced with technology from Linxens and Idex Biometrics ASA under a new agreement. The cards feature fingerprint sensors from Idex and an NFC antenna inlay from Linxens.Blockchain-based gaming platform Aqua said it has hired former Facebook executive Sean Ryan as chief …