Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
April, 2022
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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 …
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22 April
Payroc Acquires Worldnet and other Digital Transactions News briefs from 4/22/22
Payroc World Access LLC announced the acquisition of Worldnet, a payment gateway designed for independent software developers. Terms were not disclosed.The Consumer Financial Protection Bureau and the New York Attorney General have sued MoneyGram International Inc., alleging the remittance company “failed to deliver funds promptly to recipients abroad.” MoneyGram responded by calling the claims …
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21 April
Marqeta Launches Risk Management Tools to Help Its Issuers Defend Against Fraud
To help its card-issuing clients keep pace with evolving risk-management and compliance issues, virtual-card issuing platform Marqeta Inc. on Thursday introduced RiskControl, a suite of risk-management, fraud-mitigation, and compliance tools it says are aimed at allowing issuers on its platform to get ahead of fraud and streamline their risk and …
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21 April
Another Arena Adopts Digital Payments As the MLB Nationals Work With FIS-Worldpay
The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …
