Digital Transactions Authoritative, insightful and timely information for payments professionals
As trends such as payment facilitation and integrated payments continue to unfold, at least some payments providers are giving more thought to long-held branding strategies. The latest example is that of FortisPay, which on Tuesday announced it is dropping the “Pay” and is now in the market simply as Fortis. …
October, 2021
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12 October
BitPay an Option on Wix’s Platform and other Digital Transactions News briefs from 10/12/21
Cryptocurrency payment processor BitPay Inc. said it completed an integration with Wix, an e-commerce platform, to enable BitPay’s Bitcoin and crypto payment processing as a payment option.Splitit USA Inc. said Discover cardholders can use the installment payments with their cards. Diners Club International and other alliance cards can be used, too. Splitit uses …
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11 October
The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments
The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …
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11 October
Merchant Acquiring Returns to Fast Growth As Specialized Players Claim an Increasing Share
Despite a temporary setback at the start of the pandemic, merchant acquiring is getting back on a growth track that will see revenue expand at an 11.3% annual clip through 2025, nearly equaling the 11.8% rate chalked up from 2015 to 2019, according to a report and forecast released Monday …
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11 October
Nuvei Merchants and Visa Direct and other Digital Transactions News briefs from 10/11/21
Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …
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8 October
Fiserv’s Clover Brings Cashless Payments to Major League Soccer’s Philadelphia Union
Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …
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8 October
Bakkt Users Gain Access to Google Pay Crypto Purchases at Merchants Online And in Stores
Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …
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8 October
9% of Businesses Have Paid a Ransom and other Digital Transactions News briefs from 10/8/21
A September survey of 850 information-technology professionals around the world by security-software provider Hornetsecurity Group found more than 9% saying their organization had paid a ransom to recover data after a ransomware attack. Some 15.2% said their organizations don’t perform regular data backups.Parkmobile LLC, whose mobile app enables reservations and payment for …
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7 October
How a U.K. Limit on Contactless Payments Could Drive Consumers to Mobile Wallets
An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …
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7 October
The First Payments Provider Lines Up at Apple’s App Store Following a Federal Court Ruling
One of the first moves to bring a payment system not controlled by Apple Inc. to Apple’s App Store emerged Thursday and follows a landmark federal-court ruling last month. Paddle Ltd., a London-based payments provider, said it will begin offering the alternative Dec. 7, in line with the terms of …