Digital Transactions Authoritative, insightful and timely information for payments professionals
Buy now, pay later volume globally will grow 48.3% in 2024, to $232.2 billion, according to a projection from The Business Research Co. Increasing adoption at physical retail stores, growth in cross-border e-commerce, and the rise of financial apps embedding BNPL capability will help account for the growth, the firm said. …
January, 2024
December, 2023
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27 December
Lowe’s Adopts Apple Pay And Other Digital Transactions News briefs from 12/27/23
The big home-improvement chain Lowe’s has started to accept Apple Pay in its stores, according to reports. The chain, which maintains more than 2,000 U.S. stores, has long accepted Apple Inc.’s mobile-payment service online and in its app.
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22 December
The CFPB’s Chopra Cites a Need for Competition to Cap Card Acceptance Costs
Having taken aim at credit card late fees and interest rates, and having targeted non-bank digital wallet providers, Consumer Financial Protection Bureau Director Rohit Chopra has now indicated his regulatory agency is turning its attention to credit card acceptance costs. Chopra’s comments Thursday came as the Credit Card Competition Act, …
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22 December
Overfuel Adds Credit Reporting Tool And Other Digital Transactions News briefs from 12/22/23
Overfuel, a provider of online payments for automobile dealerships, has integrated credit reporting from 700Credit LLC to allow users to prequalify for credit on a dealer’s Web site or on a mobile phone. Accounting platform Data Plus is teaming with Edenred Pay, a back-end payments provider for the hospitality industry, to launch …
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21 December
BNPL Adds to Its Appeal for the 2023 Holiday Shopping Season, And Not Just for Gifts
Buy now, pay later loans have become in a relatively short time a popular financing option for consumers, especially for holiday-season shopping. But now, that’s increasingly true not just for gifts, but for everyday purchases as well, according to data from payment-solutions and card-issuing platform provider Marqeta Inc. Based on …
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20 December
FIS’s Worldpay Strikes Deals to Support Payments for the HMV Chain And Crypto Platform Alchemy Pay
The big payments processor Worldpay early Wednesday and late Tuesday announced two major deals, one of which will see it supporting multichannel payments for HMV, a London-based seller of DVDs, audio cassettes, CDs, and other entertainment products through a chain of more than 100 stores. The other development, announced late …
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20 December
With 2024 Looming, the EPC Vows to Continue Battling The CCCA
Citing a payments industry that is united in its opposition to the Credit Card Competition Act, research from the Congressional Research Service questioning the benefits of the legislation, and suspect support for the bill among members of Congress, the Electronic Payments Coalition says it is primed to continue its fight …
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20 December
A Home for Unused Gift Cards And Other Digital Transactions News briefs from 12/20/23
The payouts platform Onbe said it will enable instant payment on virtual Mastercard cards to consumers who want to sell unused gift cards on the CardCash secondary gift card market. Buy now, pay later platform Affirm Inc. said it is expanding to self-checkout kiosks in more than 4,500 U.S. Walmart stores. U.S. households spend …
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19 December
Bold Checkout Options Expand And Other Digital Transactions News briefs from 12/19/23
Technology provider Bold Commerce launched a feature for its Bold Checkout platform that aims to make it easier for clients to expand the range of payment options they accept. Eastern Bank PLC, based in Dhaka, Bangladesh, will issue what is said to be the world’s first biometric metal card, with fingerprint-recognition technology from …
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18 December
Visa’s Fast Track Expands And Other Digital Transactions News briefs from 12/18/23
Visa Inc. said it is expanding its Fintech Fast Track program, originally focused on card issuing, to include Visa Direct, the card network’s real-time payments platform. Visa has signed 42 new clients in the past year for Fintech Fast Track, which offers various Visa payment technologies to non-bank payments providers. In …
