Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider Netevia Group LLC said it raised up to $120 million committed and uncommitted capital from private investment firm WhiteHorse Capital. Ant Group and Mastercard Inc., and 12 other Ant payment partners have extended the International Consumer Friendly Zones program to Chengdu and Chongqing because inbound tourist travel is increasing in the region. They launched …
July, 2024
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2 July
How the Supreme Court Has Set up an Intense Struggle Over Sellers’ Debit Card Costs
Decisions from the U.S. Supreme Court are supposed to settle matters, but a verdict the high court delivered early Monday has the potential to stir up debit card pricing questions for some time to come, some observers say. The justices, in a 6-3 decision, ruled a case brought by a …
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1 July
Contactless May At Some Point Include Functions Beyond Payment, the NFC Forum Says
Contactless transactions were supercharged by the pandemic, and now slightly more than half of U.S. cardholders are using the technology when they pay with either cards or wallets, according to Mastercard Inc. research. With that kind of momentum behind them, researchers are looking at ways to expand near-field communication technology, …
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1 July
Nayax Readies EV CloudPay for Burgeoning Electric Vehicle Charging Payments
Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …
June, 2024
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28 June
What Would a Credit Card ‘Holiday’ Look Like?
In 1933, President Franklin Roosevelt shut down financial institutions for a week, called a “bank holiday,” to restore calm after a run on banks. This comes to mind after a federal judge recently indicated she won’t approve a settlement between the major card brands and merchants over the fees that …
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28 June
U.S. Mobile Payments Volume to Reach $797 Billion in 2025 and other Digital Transactions News briefs from 6/28/24
Data from eMarketer, a research firm, indicates mobile payments at the point of sale in the U.S. market will total $670.5 billion this year, up 21.4% from 2023, and will grow nearly 19% to reach $797 billion in 2025. Volume will cross the $1-trillion mark in 2027, the firm predicts. SmartMetric …
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26 June
There’s Good News, Bad News in the Latest Statistics on Identity Theft
The number of identity-theft cases fell last year, but criminals are getting savvier about how to win their victims’ confidence, with more of them relying on newer tools like artificial intelligence. And credit cards and other financial products remain a top target. That’s the mixed message from the Identity Theft …
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26 June
Merchants Look Forward to Their Day in Court After Judge Brodie Rejects the Interchange Settlement
Merchants are looking forward to making their case now that a judge has rejected a proposed settlement of their two-decades-long litigation with Visa Inc. and Mastercard Inc. over transaction costs. Late Tuesday morning, Margo K. Brodie, U.S. District Court Judge for the Eastern District of New York, issued a written …
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26 June
Visa’s Emergency Card Program and other Digital Transactions News briefs from 6/26/24
Visa Inc. unveiled Digital Emergency Card Replacement, a service that works on behalf of card issuers to replace lost cards with digital replacements, using text or email. Cardholders can store the replacement card in a digital wallet. Elavon launched Elavon Cloud Payments Interface, an application programming interface aimed at easing digital and …
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25 June
WeGetFinancing Partners With SensePass, While Klarna Plus Notches 100,000 Users
WeGetFinancing has partnered with SensePass, a provider of alternative payment solutions, to provide a buy now, pay later solution for high-ticket items. WeGetFinancing is a BNPL gateway operated by Emerging Payments Technologies Inc. Merchants on the SensePass platform can now offer BNPL financing for purchases of up to $15,000, with …
