Digital Transactions Authoritative, insightful and timely information for payments professionals
By Caleb Avery, Founder & CEO of Tilled While the world of integrated payments has undergone a major shift thanks to payment facilitation, many software companies are still working with legacy processors, like Worldpay, that can only offer antiquated and manual processes. If your B2B software company is working with …
April, 2022
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26 April
Binance Launches a Crypto Debit Card to Give Ukrainian Refugees Access to Money
As the mass exodus of Ukrainian refugees fleeing their war-torn country continues, charitable organizations and businesses are finding new ways to provide support. Cryptocurrency exchange and blockchain-infrastructure provider Binance joined those efforts Tuesday, announcing the Binance Refugee Crypto Card. The Visa-branded debit card will allow displaced Ukrainians to make or …
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26 April
As Other Markets Advance, the U.S. Has Much Catching up To Do in Real Time Payments
With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will …
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26 April
Choice Acquires ISO and other Digital Transactions News briefs from 4/26/22
The payments platform Choice Inc. has acquired payments provider Direct Payment Consultants, boosting Choice to more than $3 billion in annual volume on more than 7,000 clients. In a separate transaction, Choice has been acquired by Nexa Equity LLC, a private-equity firm. The terms of the two transactions were not disclosed.A startup …
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25 April
Merchant Survey Highlights Surprising Global Trends in Payments and Fraud
By Tracy Kobeda Brown – VP of Programs and Technology and Leo Parrill – Content Manager, MRC The annual Global Payments and Fraud Report, produced in collaboration with Cybersource, Verifi, and the Merchant Risk Council, serves as a valuable benchmark in the payments and fraud prevention space, providing insight …
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25 April
Apple’s Switch to Visa for Its Virtual Cash Card Could Come Down to International Connections
Apple Inc. is switching its network affiliation for its Apple Pay Cash virtual debit card to Visa Inc. after more than four years of issuing the card on the Discover Network. Information about the rationale for the move was not immediately available as the news emerged late last week on …
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25 April
Mastercard And Microsoft Team on an Enhanced Verification Solution for E-Commerce
With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …
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25 April
Bonifi Picks Finicity and other Digital Transactions News briefs from 4/25/22
Data-exchange network Bonifii said it has selected Mastercard Inc.’s Finicity unit to provide open-banking services to access consumer bank data and support underwriting for mortgage, auto, personal, and small-business loans.A financing company for patients to pay medical bills, iVitaFi, launched IVitaFi MyPlan, a payment platform that allows guarantors to access medical bills and …
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22 April
BitPay Adds More Wallets And Exchanges for Its Accurate Payment Protocol
Taking cryptocurrency mainstream involves many tasks, among them eliminating as much as possible exceptions in transactions made with the virtual currency. In response to this need, BitPay Inc. said Thursday its accurate payment protocol has been adopted by cryptocurrency exchanges Bitso and Bitstamp and crypto wallets Edge and Guarda. The …
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22 April
AmEx Brushes off Inflation Fears As It Reports Big First Quarter Results
American Express Co. reported a strong first quarter early Friday that betokens a return to pre-pandemic performance for the company, though it also confronts questions stemming from emerging inflation and the threat of recession. AmEx reported overall spending in its crucial travel-and-entertainment business in March reached 99% of the total …
