Digital Transactions Authoritative, insightful and timely information for payments professionals
The Cleveland Browns of the National Football League are expanding their grab-and-go technology to food-and-beverage concessions throughout Huntington Bank Field, the team’s home stadium. The new service, called Express Access, will be available at 12 locations within the stadium, enabling consumers to place orders across the entire facility. Since 2023, …
October, 2024
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1 October
PayPal Updates Its User Agreement to Collect More Personalized Information
Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …
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1 October
Stax Acquires BlockChyp and other Digital Transactions News briefs from 10/1/24
Payments-technology provider Stax announced it has acquired payments-gateway provider BlockChyp. Terms were not announced. Payments provider TrustCommerce said its Cloud Payments platform has been certified by all major U.S. processors, including Fiserv, Chase, Elavon, Global Payments/TSYS, and Worldpay. The temporary-staffing platform Indeed Flex is working with payment provider Branch to launch a service called Same Day …
September, 2024
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27 September
Wero Ramps Up As a European Account-to-Account Payments Provider And Heads to the Point of Sale
European banks are beginning to roll out a new digital wallet called wero that initially provides account-to-account payments and is expected to be expanded to retail payments as well. If so, wero could prove to be a competitive threat to Visa Inc. and Mastercard Inc., which dominate European payments, raising …
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26 September
Consumers Strongly Support Illinois Interchange Law, Proponents Say
The Illinois Retail Merchants Association released a survey late Wednesday showing that voters in the state support the Illinois Interchange Fee Prohibition Act passed earlier this year. The survey comes hard on the heels of a lawsuit filed last month by several organizations representing banks and credit unions challenging the …
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26 September
Profit-Challenged Lightspeed Acknowledges It’s Exploring ‘A Range of Strategic Alternatives’
Point-of-sale and payments-platform provider Lightspeed Commerce Inc. said Thursday it is exploring “strategic alternatives” in the wake of reports the company might put itself up for sale. “While it is the long-standing policy of Lightspeed not to comment on market rumors, the company notes the recent media reports concerning a …
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26 September
Visa Snags Featurespace and other Digital Transactions News briefs from 9/26/24
Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …
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25 September
Nuvei’s New Services and other Digital Transactions News briefs from 9/25/24
Payments processor Nuvei Corp. launched a number of new services, including decoupled pay-ins and payouts, and split payments. Embedded-finance fintech Sunbit announced an integration with payments-technology platform Stripe. The move will bring Sunbit’s services to a wider array of in-person service businesses, the company says. Business-automation provider BlueBean Technologies Inc. said it has completed an integration …
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24 September
Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24
Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …
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23 September
Payments Rank High on Community Banks’ To-Do Lists
Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, …