Digital Transactions Authoritative, insightful and timely information for payments professionals
Bitcoin may be the most popular cryptocurrency, but acceptance of any digital currency is limited to just a few thousand merchants. Crypto processor BitPay Inc. on Thursday introduced a solution with a service that lets users spend their holdings via a prepaid Mastercard that features an EMV chip and contactless capability. …
June, 2020
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11 June
Processor Bill.com ‘Upsizes’ Its New Stock Offering
It’s not yet profitable, but Bill.com Holdings Inc. must be doing something Wall Street likes. The processor, which had its initial public offering in December at $22 per share, on Wednesday announced an “upsized” follow-on offering of 7.2 million shares of common stock priced at $74.25 per share. It was …
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11 June
A New E-Commerce Normal? and other Digital Transactions News briefs from 6/11/20
E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.Retail sales in the CardFlight Small Business Impact Report for the …
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10 June
Eye on Reopening: Tech Startups Hope To Meet an Overarching Need for Contactless Payments
As businesses reopen in the United States and abroad, many are looking to modernize their payments flows to minimize cash and maximize touch-free digital payments. Tech startups are stepping up in hopes of meeting the need. Late on Tuesday, a 5-year-old startup called Squire Technologies Inc. announced it had raised …
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10 June
More Transaction Detail on Statements Could Prevent Many Chargebacks, Report Says
With chargeback costs poised to grow an estimated 52% by 2023 for U.S. payment card issuers alone, issuers as well as merchants and merchant acquirers have every incentive to reduce those costs. And one way they could do it is by providing more transaction detail on consumers’ online credit card …
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10 June
59% Shopping More Online and other Digital Transactions News briefs from 6/10/20
Fifty-nine percent of all respondents to a survey by CouponFollow LLC, a provider of discount codes for online shoppers, are doing more online shopping as a result of the Covid-19 pandemic, and that jumps to 65% when looking just at the Gen-Z generation.A technology startup called BellyMelly launched a food-ordering app that lets …
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9 June
Battling Business Email Compromise with Payment Verification
By Giact Business email compromise (“BEC”) attempts have skyrocketed in recent weeks. According to the FBI, fraud operators are using the “uncertainty surrounding the Covid-19 pandemic to further their efforts.” With many in the U.S. shifting to a work-from-home environments, without the infrastructure and security in place to defend against …
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9 June
Store Failures Will Spike as Merchants Wrestle With Covid-19’s Wreckage, a Researcher Predicts
Despite tentative signs of an economic recovery from the coronavirus-induced depression, some experts are forecasting a gloomy outlook for store closures as the year plays out and merchants struggle with debt loads and a consumer shift to e-commerce. At least 20,000, and as many as 25,000, stores will likely shut …
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9 June
Skrill’s Next U.S. Step Beyond Money Transfer
Paysafe Group has big ambitions for its Skrill financial products in the United States. Monday’s U.S. launch of the Skrill Money Transfer service is but the first step of a broader U.S. expansion for Skrill, says Lorenzo Pellegrino, a Paysafe executive. The free money-transfer service followed January’s debut of the …
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9 June
VizyPay, Clover, And Cash Discounts and other Digital Transactions News briefs from 6/9/20
Independent sales organization VizyPay LLC launched a cash-discount app for Fiserv Inc.’s Clover point-of-sale systems; the app, an extension of VizyPay’s cash-discount program, is available in the Clover App Market.MoneyGram International Inc. reported a doubling of its digital-transaction volume in May from May a year ago. Growth in this category in the first …
