Digital Transactions Authoritative, insightful and timely information for payments professionals
Although the Covid-19 pandemic spurred many consumers to embrace digital payments, the need for cash acceptance— especially among merchants and lenders that service unbanked consumers—remains strong. To help fill that need, KyckGlobal Inc. on Tuesday announced a deal with Advanced Business Computers of America Inc. (ABCoA) to enable used-car dealers …
June, 2021
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22 June
Eye on Acquiring: Shift4 Reaches $1 Billion in Weekly Volume; Nuvei Recruits Discover
Shift4 Payments Inc. on Tuesday announced it had reached a key milestone as it is now processing at least $1 billion per week in what it calls end-to-end payments volume. Shift4 earns more on end-to-end volume, which it processes itself, than on gateway traffic, which it passes off to other …
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22 June
Repay Acquires Kontrol Payables and other Digital Transactions News briefs from 6/22/21
Repay Holdings Inc. announced its acquisition of Kontrol Payables, an accounts payable automation provider, for up to $11 million.Cryptocurrency-based payments processor GreenBox POS announced the launch of a pilot for its Coyni stablecoin token. Among other features, Coyni offers instant settlement as well as transaction deletions and reversals.Cryptocurrency processor Flexa Inc. said it will be …
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21 June
How the Semiconductor Shortage Is Putting a Crimp in Chip Card Production
The global shortage of semiconductors that has impacted myriad industries that use the chips, from automakers and electronics manufacturers to defense contractors and even soap manufacturers, is poised to affect payment card manufacturers, the Smart Payment Association announced Monday. Bottlenecks in the chip card supply have become so acute that …
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21 June
PayPal Sets New Online Merchant Rates As E-Commerce Booms
PayPal Holdings Inc. is raising its online merchant rates in the midst of a boom in e-commerce but also reducing some fees as it keeps a wary eye on rivals such as Square Inc. and Stripe Inc. The new rates, which PayPal announced Friday, cover a sweeping range of transaction …
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21 June
E-Complish’s Stake in Regal and other Digital Transactions News briefs from 6/21/21
Payments provider E-Complish announced it acquired an outstanding interest in Regal Technologies LLC, which provide automated clearing house and other payment services.Payments provider Shift4 Payments Inc. said it will process transactions for BetMGM, an online gaming and sports-betting platform.Payments provider ACI Worldwide Inc. said it is working with the Foundation for California Community Colleges to …
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18 June
360 Payments Teams With AutoVitals to Provide a Range of Contactless Payments
AutoVitals Inc., a provider of auto-repair shop management software, announced Friday it is teaming with payments processor 360 Payments to provide independent auto-repair shops a range of payment options, including text-to-pay functionality. By adding 360 Payments to its platform, AutoVitals said it will round out its digital offering to provide …
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18 June
ZoidPay Enters the Race to Bring Cryptocurrency Into the Mainstream of Payments
For all the publicity cryptocurrencies generate, consumers and merchants are still left wondering when the digital money can be used as a medium of exchange rather than simply be seen as an investment asset. The latest effort to answer that question comes from a 3-year-old, Romania-based company called ZoidPay, which …
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18 June
Atlantic-Pacific Processing Acquires Clique Payments and other Digital Transactions News briefs from 6/18/21
Atlantic-Pacific Processing Systems NV Corp. has acquired Clique Payments Inc., a provider of cloud-based software, for undisclosed terms. The deal will allow APPS to extend its integrations to include QuickBooks, FreshBooks, Xero, Sage, and other programs. The company supports more than 20 payment gateways.MoneyGram International Inc. said it has raised $97.6 million …
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17 June
DailyPay Teams With TCH And PNC to Enable Businesses to Pay Workers Daily in Real Time
With more and more hourly wage workers needing access to their earnings sooner than the typical two-week pay period, on-demand payment platform DailyPay is betting that offering real-time payments through The Clearing House Payments Co. will enable employers to give workers greater autonomy over managing their finances. Providing daily access to …