News

June, 2022

• 24 June

  Kasheesh Launches an App That Lets Users Split Purchases Among Their Existing Cards

  

  While buy now, pay later financing has been a big hit with consumers, especially those who use the loans to increase their buying power or as a budgeting tool, they have come under criticism for increasing debt loads for consumers with shaky finances. That has given rise to the idea …
• 24 June

  Blockspaces in Cogent Deal and Other Digital Transactions News Briefs from 6/24/22

  

  Blockspaces, a company that links businesses to blockchain networks, announced it will work with Cogent Bank to use the bank’s real-time, tokenized payment platform and other services.Digital-giving platform DipJar said it is releasing early access to DipJar Online, an online version of its in-person fundraising app.Digital payments provider One Inc said insurer Union Mutual …
• 23 June

  Adyen Expands Its Relationship With McDonald’s to The U.S. Market

  

  Adyen NV announced late Wednesday an expansion of its agreement to process mobile-app transactions for McDonald’s Corp. to include the United States. Adyen has processed payments from mobile apps for the global restaurant chain in the United Kingdom since 2020. As part the deal, Adyen will enable consumers enrolled in …
• 23 June

  Chip Shortfalls Will Plague Payment Card Deliveries Through 2023, the SPA Warns

  

  Snarled supply chains and production shortfalls continue to plague the semiconductor industry, leading the Smart Payment Association to warn early Thursday that significant shortages in card deliveries will continue in the payments industry for at least another 18 months. What’s more, these credit and debit card deliveries that are being …
• 23 June

  Chargebacks911 Takes to the Air And Other Digital Transactions News Briefs from 6/23/22

  

  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 …
• 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 …
• 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 …
• 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 …
• 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. …
• 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 …