Monday , December 4, 2023


November, 2023

  • 9 November

    Avelo Airlines All in with PayPal And Other Digital Transactions News briefs from 11/9/23

    Avelo Airlines said it has entered a multi-year agreement to adopt payments services from PayPal Holdings Inc., including Pay in 4, PayPal’s buy now, pay later service, as well as PayPal Checkout and Braintree, PayPal’s transaction processor. U.S.-based payments platform FreedomPay said it will support transactions for Pennies, a United Kingdom-based fintech that …

  • 8 November

    Shift4 Embraces M&A As Its Finaro Deal Finally Closes And More Stadium Business Beckons

    The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …

  • 8 November

    The CFPB Aims To Increase Its Oversight of Non-Bank Digital Wallet Providers

    The Consumer Financial Protection Bureau late Tuesday said it is expanding its efforts to increase oversight of large, non-bank technology firms with a proposed rule that would subject companies that issue digital wallets to the same regulations as those that cover wallets from financial institutions. The proposed rule, which would …

  • 8 November

    Chargebacks911 in FTC Settlement And Other Digital Transactions News briefs from 11/8/23

    The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …

  • 7 November

    PSCU And Co-op Solutions Merge to Create a Potential Fintech Powerhouse for Credit Unions

    Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …

  • 7 November

    FIS Still Sees Opportunity in Payments in the Wake of Its Approaching Sale of a Big Worldpay Stake

    FIS Inc. is selling a majority stake in its massive Worldpay transaction-processing operation, but that doesn’t mean the company is ditching the payments business, its chief executive made plain early Tuesday. “We have not moved totally away from that,” said Stephanie Ferris told equity analyst during an early-morning call to …

  • 7 November

    CPI Revenue Drops 15% And Other Digital Transactions News briefs from 11/7/23

    Card manufacturer CPI Card Group Inc. reported $105.9 million in third-quarter revenue, a 15% decrease from $124.6 million in the 2022 third quarter. It had a profit of $3.9 million, a 67.2% decrease from $11.9 million a year ago. Cautious consumer spending and a focus on managing inventory levels likely had an …

  • 6 November

    OpenTable And Uber Team Up To Stimulate Diner Traffic During San Francisco’s Restaurant Week

    Restaurant-management platform provider OpenTable Inc. is offering 1,000 vouchers for Uber rides to diners eating at restaurants participating in San Francisco’s Restaurant Week. The promotion is intended to encourage visitors and locals to dine out during the event, which actually runs for two weeks from Nov. 3 through Nov. 16. …

  • 6 November

    Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report

    Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC. That was the third-largest increase among sectors, surpassed only by travel and leisure and logistics, finds the TransUnion “2023 State of Omnichannel Fraud Report.” The report is based …

  • 6 November

    66% Like CFPB Late Fee Proposal And Other Digital Transactions News briefs from 11/6/23

    Some two-thirds of consumers feel a February proposal from the Consumer Financial Protection Bureau to cap monthly credit card late fees at $8 (down from $41) would have a positive impact on “the average credit card holder,” according to an online survey in September of 802 adult cardholders by the Auriemma Group. …

Digital Transactions