Monday , October 7, 2024

News

September, 2024

  • 27 September

    Strava Teams With Cash App and other Digital Transactions News briefs from 9/27/24

    Strava, an online community for athletes, said it is working with Block Inc.’s Cash App unit to launch this year’s HBCU Homecoming Tour, which features running events at U.S. universities. The Consumer Financial Protection Bureau is reportedly seeking comment on Apple Inc.’s practices with respect to contactless payments as the regulator works on …

  • 26 September

    Consumers Strongly Support Illinois Interchange Law, Proponents Say

    The Illinois Retail Merchants Association released a survey late Wednesday showing that voters in the state support the Illinois Interchange Fee Prohibition Act passed earlier this year. The survey comes hard on the heels of a lawsuit filed last month by several organizations representing banks and credit unions challenging the …

  • 26 September

    Profit-Challenged Lightspeed Acknowledges It’s Exploring ‘A Range of Strategic Alternatives’

    Point-of-sale and payments-platform provider Lightspeed Commerce Inc. said Thursday it is exploring “strategic alternatives” in the wake of reports the company might put itself up for sale. “While it is the long-standing policy of Lightspeed not to comment on market rumors, the company notes the recent media reports concerning a …

  • 26 September

    Visa Snags Featurespace and other Digital Transactions News briefs from 9/26/24

    Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …

  • 25 September

    Combatants Take Up Their Positions in Reaction to the DoJ’s Antitrust Suit Against Visa

    Reaction from the payments industry to the Justice Department’s announcement Tuesday that it is suing Visa Inc. over antitrust issues involving its debit card business was swift and pointed. As expected, representatives of the payments industry denounced the lawsuit as baseless, while representatives of the merchant community and legislators friendly …

  • 25 September

    The Government’s Lawsuit Gets Into the Weeds on How Visa Built And Maintains Its Debit Empire

    The U.S. Department of Justice’s 71-page complaint accusing Visa Inc. of monopolizing U.S. debit networks goes into great detail about the company’s pricing strategies and attempts to get merchants and card issuers to direct their debit business toward Visa. Those efforts have been quite successful. Referring to Visa’s so-called “moat” …

  • 25 September

    Nuvei’s New Services and other Digital Transactions News briefs from 9/25/24

    Payments processor Nuvei Corp. launched a number of new services, including decoupled pay-ins and payouts, and split payments. Embedded-finance fintech Sunbit announced an integration with payments-technology platform Stripe. The move will bring Sunbit’s services to a wider array of in-person service businesses, the company says. Business-automation provider BlueBean Technologies Inc. said it has completed an integration …

  • 24 September

    The Justice Department May Haul Visa Into Court Over Debit Card Issues

    The biggest question the payments industry is wrestling with this week is whether the U.S. Department of Justice is about to sue Visa Inc., apparently over debit card issues. The financial wires were abuzz with speculation Tuesday morning that the DoJ could file an antitrust lawsuit before the day is …

  • 24 September

    AppBrilliance Teams With Wallet Factory to Bring Real Time Payments to Digital Wallets

    AppBrilliance Inc., a provider of real-time payments, has partnered with digital-wallet solutions provider Wallet Factory to enable real-time payments on Wallet Factory’s platform. Wallet Factory will use AppBrilliance’s Money API to enable payments on closed-loop digital wallets via The Clearing House’s RTP and the Federal Reserve’s FedNow networks. AppBrilliance launched …

  • 24 September

    Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24

    Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …

Digital Transactions