Digital Transactions Authoritative, insightful and timely information for payments professionals
The popularity of debit cards for card-not-present transactions, particularly online payments, is surging, and a new proposal from an industry trade group could expand that popularity while preventing fraud and facilitating merchants’ transaction-routing choices. The proposal is contained in a white paper released Tuesday by the U.S. Payments Forum, an …
March, 2022
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23 March
Mastercard Announces Account-to-Account Payment Tools Based on Open-Banking Assets
Mastercard Inc. early Wednesday said it will launch two new payments tools that rely on the card network’s rapidly growing stake in open banking and account-to-account transactions. The new digital tools, which Mastercard says will not be available until later this year, are expected to address risk and uncertainty in …
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23 March
Brink’s Cash Tool in Clover and other Digital Transactions News briefs from 3/23/22
The Brink’s Co. said its BLUbeem point-of-sale cash-management platform is now available through the Clover POS technology from Fiserv Inc.Paysign Inc., a provider of prepaid cards for the health-care industry, reported $8.8 million in fourth quarter 2021 revenue, a 21% increase year-over-year. Purchase volume in the quarter rose 13.2%. Cardholders totaled 4.3 million at …
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22 March
POSaBIT Adds Two More States As the Market for Electronic Cannabis Payments Grows
POSaBIT Systems Corp., a payments provider for the legal cannabis industry, today added Texas and Georgia to its roster of states in which the fintech operates. The expansion provides further confirmation of growing demand for electronic payments in marijuana dispensaries. Kirkland, Wash.-based POSaBIT said in a news release that it …
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22 March
Fast-Growing BNPL Will Capture ‘Additional Share,’ Including Offline Spend, An Analyst Says
The buy now, pay later concept is nothing new, but it took on momentum during the pandemic and may now undergo unstoppable growth in the next few years, according to RBC equity analyst Dan Perlin, who analyzed data on BNPL contained in the 2022 Global Payments Report recently released by …
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22 March
Trust Payments Launches Stor E-Commerce Platform and other Digital Transactions News briefs from 3/22/22
Payments provider Trust Payments launched Stor, an e-commerce platform for small and medium-size businesses, and is inviting independent sales organizations, banks, and other third-party players to market the service to merchants. The new product is based on technology Trust Payments acquired earlier this year.NoFraud, an online fraud prevention service, released NoFraud Checkout, …
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21 March
Fiserv and MX Pair Up for Expanded Open Banking
The fast-growing field of open banking got another boost Monday when the big payment processor Fiserv Inc. announced a major industry player, MX Technologies Inc., will use its AllData Connect service. AllData Connect is part of Fiserv’s AllData Aggregation platform that provides consumer-permitted access to tokenized financial account and transaction …
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21 March
The Big Global Processor Worldline Reports a Small Revenue Exposure in Russia
The world’s biggest card networks earlier this month reacted to the Russian invasion of Ukraine by closing their operations in Russia, and now some of the world’s biggest processors are beginning to report their exposure to those markets. For Paris-based Worldline S.A., it’s not trivial, but it’s not huge, either. …
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21 March
FreedomPay Adds Sephora USA and other Digital Transactions News briefs from 3/21/22
Mobile point-of-sale provider FreedomPay said it has signed Sephora USA, a retail chain offering beauty products at more than 500 stores.The total value of consumer credit card rewards globally will rise 15% to $108 billion by 2026 from $92 billion this year, fueled by increasing adoption of cobranded cards issued by merchants, according to …
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18 March
ACH and Card Processing Services Lift Usio’s Volumes
Boosted by strong growth in its automated clearing house services, credit card acquiring, and other business lines, merchant processor Usio Inc. reported Thursday that its total dollars processed grew 215% in 2021’s fourth quarter from a year earlier and 184% for the full year. San Antonio, Texas-based Usio processed $9.5 …