Digital Transactions Authoritative, insightful and timely information for payments professionals
A new card product that taps the user’s checking account for in-full purchases or installments is in beta testing with “several hundred people,” at buy now, pay later specialist Affirm Holdings Inc., the company’s chief executive, Max Levchin, told equity analysts late Thursday during a session to discuss the company’s …
September, 2021
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9 September
Eye On Faster Payments: Data Center Links Small Banks to RTP; One Inc. Recruits Mastercard
The momentum behind real-time payments continues to build with announcements Thursday from Data Center Inc. (DCI), a software provider to community banks, and One Inc., a digital-payments processor for the insurance industry. Community banks using DCI’s banking software can now receive real-time payments through the RTP network, the faster-payments system from …
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9 September
As It Moves Into Crypto, Mastercard Agrees to Buy Digital-Currency Security Firm CipherTrace
The two big card networks are making preparations for big moves into cryptocurrency payments. But crypto is no stranger to fraud, so Mastercard Inc. on Thursday announced it is acquiring CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and other crimes involving digital-currency transactions. The deal, …
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9 September
Marqeta’s 350% BNPL Revenue Bump and other Digital Transactions News briefs from 9/9/21
Card-issuing platform Marqeta Inc. said in the first year of a partnership with Zip Co., an Australia-based buy now, pay later provider that recently changed its U.S. branding to Zip from Quadpay, it experienced a 350% year-over-year increase in BNPL net revenue in the 2021 second quarter.Payments and buy now, pay later …
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8 September
Global Payments Agrees to Buy MineralTree, Works with Virgin Money, And Looks to Venue Payments
Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …
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8 September
With Square Register’s Canadian Launch, Square Adds to Its Momentum Toward Bigger Sellers
Looking to move further upmarket from the small sellers it started with, Square Inc. on Wednesday announced it is launching its Square Register point-of-sale system in Canada. Square is promoting the technology, which includes a screen facing the customer as well as one for the merchant, as suited to a …
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8 September
Chase To Acquire 75% of Volkswagen Payments and other Digital Transactions News briefs from 9/8/21
JPMorgan Chase & Co. has agreed to buy close to 75% of Volkswagen’s payments platform, operated by Volkswagen Payments S.A. Terms of the deal were not announced. The unit supports in-car payments and other services in 32 markets worldwide.Clickatell, an online chat provider, launched Chat 2 Pay, a service that enables …
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7 September
Mastercard Expands Its Open Banking Reach With an Agreement to Acquire Aiia
Mastercard Inc. strengthened its hand in open banking on Monday, reaching an agreement to acquire European open-banking platform provider Aiia. Terms of the deal were not disclosed. The acquisition is expected to strengthen Mastercard’s position as a provider of open-banking services in Europe. Mastercard established a presence in the business …
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7 September
How the Latin American Market Has Hit the Radar Screen for Major Processors
North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 …
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7 September
PopID Plans College Campus Expansion and other Digital Transactions News briefs from 9/7/21
PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …
