Digital Transactions Authoritative, insightful and timely information for payments professionals
The Sweden-based buy now, pay later provider Klarna AB on Friday announced a major move in its increasingly crucial U.S. market with the news that it will provide its payment service to Brookfield Properties, a real-estate developer with more than 150 shopping centers. The agreement, which makes Klarna the exclusive …
February, 2022
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28 February
Co-Op Rebrands as Co-Op Solutions and other Digital Transactions News briefs from 2/28/22
Co-op Financial Services, which operates a network of 30,000 ATMs for credit unions, has rebranded as Co-op Solutions.Processor Evertec Inc. announced an extension of agreements with Banco Popular de Puerto Rico, which includes a 10-year extension of a merchant acquiring independent sales organization agreement. Evertec also announced it was acquiring BBR SpA, a Chile-based …
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25 February
Phishing Attacks Hit a Record High in the Fourth Quarter, the APWG Says
Phishing attacks in December totaled 316,747, the highest monthly total ever recorded by Anti-Phishing Working Group, (APWG) since it began tracking the cybercrime in 2004. Overall, the number of phishing attacks has tripled from early 2020, when the APWG was observing between 68,000 and 94,000 attacks per month. The APWG, …
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25 February
MoneyGram Posts $1.3 Billion in 2021 Revenue and other Digital Transactions News briefs from 2/25/22
MoneyGram International Inc., which is being acquired by private-equity player Madison Dearborn for $1.8 billion, said it had fourth quarter revenue of $324.6 million, a 0.4% increase from $323.3 million in the 2020 fourth quarter. Net income for last quarter of 2021 was $4.2 million, a 37% decrease from $7.3 million …
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24 February
How Block’s Afterpay Deal Could Energize Its Seller And Cash App Businesses At the Same Time
With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
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24 February
For Many Consumers Gift Cards Remain Their Preferred Gift, a Fiserv Survey Says
Sales of gift cards in the United States remained steady in 2021, with 73% of consumers purchasing the same number of cards, or more, compared to a year earlier, says a report from Fiserv Inc. Online merchants were the biggest beneficiaries, with 53% of respondents saying they purchased a gift …
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24 February
Olo Pay Entices Restaurants With a Digital Ordering App That Stores Checkout Credentials
Olo Pay is a new digital ordering platform for restaurants that soon will enable consumers to order and pay with the same payment data at different establishments without having to create unique credentials for each one. Dubbed borderless payments, this element is part of the newly launched Olo Pay from …
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24 February
Tipalti Volume Tops $36 Billion and other Digital Transactions News briefs from 2/24/22
Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
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23 February
EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A
EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions. “As we move further into 2022, we look forward to closing our acquisition in Greece …
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23 February
Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online
More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …