Digital Transactions Authoritative, insightful and timely information for payments professionals
A report from consulting firm Deloitte found that 57% of consumers use a digital app to order restaurant food for off-premise dining, up from 54% in 2020. Even for ordering in a restaurant, 64% of consumers prefer to place their order digitally, up from 53% last year. The survey of 1,000 consumers …
December, 2021
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7 December
Eye on BNPL: Klarna And Marqeta Expand in Europe, And Afterpay Brings BNPL To Belk
Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …
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7 December
With At-Pump EMV a Work in Progress, Providers Look to Mask Card Transactions With Encryption
The switchover of gasoline stations in the United States to the EMV chip card standard has been a work in progress, but now products are emerging that can secure card data at the pump through a technology known as point-to-point encryption. Payments provider ACI Worldwide Inc. early Tuesday said it …
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7 December
Stripe Acquires OpenChannel and other Digital Transactions News briefs from 12/7/21
Processor Stripe Inc. said it acquired OpenChannel, which provides app marketplace software. Terms were not disclosed.Payments provider Payoneer Inc. announced a worldwide working-capital offer for sellers on the Walmart U.S. marketplace.In related news, Facepay Inc., a payments provider specializing in auto-repair shops, said its Facepay Capital service is available to all shops on its platform.Money transmitter LianLian …
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6 December
Consumers Expect More E-Commerce Fraud During the Holidays, And They Blame Marketplaces
The risk of being defrauded by online sellers is a major concern for consumers this holiday-shopping season, according to a survey by Socure Inc., a provider of identity-verification and fraud-detection technology. And consumers are poised to blame not just the fraudulent sellers, but the marketplaces that host them, the survey …
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6 December
In the Latest BNPL Twist, Afterpay Users Can Rack up Cash Back in a Rakuten Program
Consumers have flocked to buy now, pay later services, but providers still have to find ways to stand out. Afterpay Ltd. hopes to do that by enabling consumers who have a Rakuten account to earn cash back in the Rakuten program. Announced Monday, the Afterpay program enables Afterpay users who also …
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6 December
Black Friday Traffic up 40% and other Digital Transactions News briefs from 12/6/21
Of the so-called Cyber 5 shopping days—Thanksgiving Day through Cyber Monday—Black Friday generated the most shopping traffic online last month, with traffic at its peak nearly 40% higher than the peak at Thanksgiving and 5% higher than on Cyber Monday, according to data from Fastly, an e-commerce platform provider.Issuer processor Paymentology Ltd. said …
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3 December
A Dwolla And Infinicept Link Aims to Make Embedded Payment More Accessible to ISVs
Payment-platform provider Dwolla and Infinicept, a Denver-based firm that specializes in embedded payments, are teaming up on new technology for independent software vendors. The partnership is aimed at making it more economical for business-software providers to include payment processing in their application and reduce their time to market by months. …
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3 December
Tassat Scores Western Alliance Bank for Its Bank-Based Blockchain-Payment Technology
Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …
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3 December
Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21
Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …