Digital Transactions Authoritative, insightful and timely information for payments professionals
As mobile-wallet technology matures, marketers are starting to look at ways to reach consumers with content that stays in the wallet as permanently as a credit or debit card. The latest move in this direction emerged Wednesday with the unveiling of “Mobile Wallet as a Channel,” a service that lets …
December, 2021
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16 December
U.S. Senators Press CFPB on BNPL Oversight and other Digital Transactions News briefs from 12/16/21
Six U.S. Senators sent a letter to Rohit Chopra, director of the Consumer Financial Protection Bureau, asking the agency to initiate a review of buy now, pay later products with a view toward introducing consumer protections. All six Senators are Democratic members of the Committee on Banking, Housing, and Urban Affairs.Online gaming operator PointsBet has …
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15 December
Why having access to the right developer portal is more important than ever!
Brandy Hadden In today’s fast-paced and ever-changing payments landscape, it is increasingly vital that merchant services providers offer ISVs, VARs, and small to mid-sized business owners instant access to the tools and technologies they need to keep pace with their competitors, as well as evolving consumer preferences. One way to …
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15 December
When it Comes to Fraud Online, Merchants Need To Be Wary of Friendly Fraud Too
The Covid-19 pandemic has proven to be a huge boon for e-commerce, but it has come at a cost for merchants in the form of higher chargebacks. The higher level of chargebacks is not just consumers returning items for legitimate reasons, it’s also being fueled by consumers perpetrating friendly fraud. …
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15 December
COMMENTARY: The Time Has Come for All Merchants to Adopt Surcharging And Discounting
There are few subjects that raise the ire of merchants more than the runaway costs of card acceptance. For years, many have grumbled about the costs but felt powerless to do anything about them. Now, as the result of a chain of court victories at the state and federal level, …
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15 December
16% Have Made a Crypto Payment and other Digital Transactions News briefs from 12/15/21
New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …
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14 December
KyckGlobal And ACI Team Up to Give Businesses More Options For Disbursements
Building on its strategy of enabling businesses to offer more, and speedier, options when it comes to disbursements, digital payments firm KyckGlobal Inc. is partnering with ACI Worldwide Inc. The partnership will enable businesses to initiate payments, such as refunds or insurance claims, to consumers through PayPal, Venmo, ACH, prepaid …
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14 December
Klarna Teams With GoCardless to Ease Installments Via Account-to-Account Transfers
Sweden’s Klarna AB has 21 million users in the U.S. market for its buy now, pay later app, but it wants a lot more. On Tuesday, it announced it will ease payments for its users by letting them pay off installments via direct transfers from their bank account. The service …
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14 December
Celero Acquires Everest and other Digital Transactions News briefs from 12/14/21
Celero Commerce said it acquired Everest Payment Solutions. Terms were not disclosed. With Everest, Celero will serve more than 45,000 merchants that process more than $18 billion in annual card volume.Digital ordering and payments technology, which gained prominence with the pandemic, has made customers more impatient, with 64% indicating they won’t …
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13 December
Eye on Prepaid: Consumers Lean to Gift Cards to Avoid Delays; EML Launches a Virtual Gift Card
Despite consumers’ intentions to spend more on gifts this holiday season than in 2020, concerns about ongoing shipping delays and low product inventories are making gift cards a more attractive gift option. Indeed, 33% of consumers say they would purchase a gift card if they were unable to get a …