News

November, 2024

• 21 November

  Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.

  

  Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a provider of fundraising, education, and social impact apps, to enable digital tuition payments in the United States for international students. The deal covers more than 1,000 K-12 private and independent schools served by Blackbaud and …
• 21 November

  As the Trump Administration Looms, the CFPB Issues a Rule for Payments Apps

  

  Federal regulation is coming to payments apps offered by the country’s biggest tech companies. The Consumer Financial Protection Bureau said early Thursday it has “finalized” a rule that will regulate wallets and digital money transfers offered through payments services such as those of Apple Inc., Block Inc., Google LLC, and …
• 21 November

  Click to Cancel Effective Jan. 14 and other Digital Transactions News briefs from 11/21/24

  

  The Federal Trade Commission said its Negative Option rule, also known as click to cancel, goes into effect Jan. 14, and regulated entities must be compliant by May 14. The measure obliges entities that offer subscription services to make unenrollment as easy as the enrollment process. Airline and travel payments specialist CellPoint Digital raised $30 …
• 20 November

  A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees

  

  Members of the Senate Judiciary Committee told representatives of Visa Inc., Mastercard Inc., and the merchant community on Tuesday it was time to “negotiate” an end to their decades-old dispute over credit card swipe fees. The comments came during a Senate Judiciary Committee hearing billed as “Breaking the Visa-Mastercard Duopoly: …
• 20 November

  APP Fraud To Reach $7.6 Billion by 2028 in Six Countries, ACI Says

  

  Authorized push payment fraud could reach $7.6 billion in six markets, ACI Worldwide Inc. says in its latest Scamscope report. Released Wednesday, the report looks at APP fraud in the United States, United Kingdom, India, Brazil, Australia, and the United Arab Emirates, all markets with real-time payments. APP fraud happens …
• 20 November

  Fiserv and ADP Team up and other Digital Transactions News briefs from 11/20/24

  

  Fiserv Inc. and ADP have agreed to offer as a package Fiserv technologies such as Clover and CashFlow Central and ADP services for payroll and human resources. The offering is expected to be available early next year. Gift card specialist Raise said it expanded into Canada following last month’s launch in the United …
• 19 November

  Google Pay Adds Afterpay And Klarna; BluPeak CU Launches BNPL for Its Debit Card Holders

  

  Afterpay, Block Inc.’s BNPL service, is making its service available to select Google Pay merchants for online purchases for the holiday-shopping season. Klarna will be available through Google Pay merchants in the United States next year. Consumers shop on Google more than 1 billion times per day, according to Google …
• 19 November

  Xoom Users Can Settle Transfers in the PYUSD Stablecoin, PayPal Says

  

  PayPal Holdings Inc. has made another move in its efforts to leverage its Xoom cross-border payments platform for its stablecoin, PYUSD. The payments giant early Tuesday said Xoom users will be able to use PYUSD to settle money transfers they make through the service. The news comes just seven months …
• 19 November

  58% of Spending Made with Debit Cards and other Digital Transactions News briefs from 11/19/24

  

  Debit cards not using prepaid funds accounted for 58% of U.S. card spending in 2022, the Atlanta Fed noted in a review of a Federal Reserve Payments Study released last week. Credit cards were used for 36% of payments and 6% of payments were made with prepaid debit cards. Cantaloupe Inc. will serve as …
• 18 November

  Lightspeed Rolls Out a Kitchen Display System; Fortis Adds a Voice Ordering Platform

  

  Lightspeed Commerce Inc. has introduced a new kitchen display system it says will help restaurants address operational challenges, reduce operating costs, improve order accuracy, and enhance customer satisfaction. A key feature of the new kitchen display system (KDS), which can be integrated with Lightspeed’s  point-of-sale platform, is the ability to …