Friday , March 29, 2024

News

November, 2023

  • 10 November

    Alkami in Plaid Tie up And Other Digital Transactions News briefs from 11/10/23

    Digital-banking software provider Alkami Technology Inc. said it has enabled access for client banks to open-banking network Plaid via an application programming interface. Lightspeed Commerce Inc., a specialist in payments processing for the hospitality industry, launched “Luminaries,” a planned series of interviews with the leaders of client businesses, starting with the corporate …

  • 9 November

    A New Merchant Group Voices Opposition to a Bill Aimed at Credit Card Acceptance Costs

    The political battle over the Credit Card Competition Act has heated up as the Small Business Payments Alliance (SBPA), a recently formed merchant trade group, has come out in opposition to the proposed legislation. The group argues that, if passed, the CCCA would harm small businesses. The SBPA, which held …

  • 9 November

    Eye on Crypto: Bitcoin Depot Seals Cord Kiosk Deal; Ripple in RocketFuel Partnership

    Bitcoin Depot Inc. looks to expand the installation of its cryptocurrency kiosks in a new deal with Cord Financial Services LLC. Separately, RocketFuel Inc. will adopt Ripple Payments for its payment-products suite. Atlanta-based Bitcoin Depot, which recently expanded the footprint of its BDCheckout cryptocurrency digital-wallet funding program, says it will …

  • 9 November

    Avelo Airlines All in with PayPal And Other Digital Transactions News briefs from 11/9/23

    Avelo Airlines said it has entered a multi-year agreement to adopt payments services from PayPal Holdings Inc., including Pay in 4, PayPal’s buy now, pay later service, as well as PayPal Checkout and Braintree, PayPal’s transaction processor. U.S.-based payments platform FreedomPay said it will support transactions for Pennies, a United Kingdom-based fintech that …

  • 8 November

    Shift4 Embraces M&A As Its Finaro Deal Finally Closes And More Stadium Business Beckons

    The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …

  • 8 November

    The CFPB Aims To Increase Its Oversight of Non-Bank Digital Wallet Providers

    The Consumer Financial Protection Bureau late Tuesday said it is expanding its efforts to increase oversight of large, non-bank technology firms with a proposed rule that would subject companies that issue digital wallets to the same regulations as those that cover wallets from financial institutions. The proposed rule, which would …

  • 8 November

    Chargebacks911 in FTC Settlement And Other Digital Transactions News briefs from 11/8/23

    The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …

  • 7 November

    PSCU And Co-op Solutions Merge to Create a Potential Fintech Powerhouse for Credit Unions

    Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …

  • 7 November

    FIS Still Sees Opportunity in Payments in the Wake of Its Approaching Sale of a Big Worldpay Stake

    FIS Inc. is selling a majority stake in its massive Worldpay transaction-processing operation, but that doesn’t mean the company is ditching the payments business, its chief executive made plain early Tuesday. “We have not moved totally away from that,” Stephanie Ferris told equity analysts during an early-morning call to review …

  • 7 November

    CPI Revenue Drops 15% And Other Digital Transactions News briefs from 11/7/23

    Card manufacturer CPI Card Group Inc. reported $105.9 million in third-quarter revenue, a 15% decrease from $124.6 million in the 2022 third quarter. It had a profit of $3.9 million, a 67.2% decrease from $11.9 million a year ago. Cautious consumer spending and a focus on managing inventory levels likely had an …

Digital Transactions