Digital Transactions Authoritative, insightful and timely information for payments professionals
With the Federal Reserve’s rollout of the FedNow real-time payments service expected by the end of the month, a regional Federal Reserve Bank official on Wednesday outlined a roadmap for the new network that includes network interoperability, the possible addition of peer-to-peer payments, and, overall, the prospect of fewer payment …
July, 2023
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13 July
SoundExchange Adds PayPal, Venmo And Other Digital Transactions News briefs from 7/13/23
Music-technology provider SoundExchange announced it is adding PayPal and Venmo as options for royalty payments to registered creators. The two payments channels join CashApp and Zelle as payout options on the platform. Tulip, a point-of-sale technology provider for retailers, said it will incorporate payments services from Stripe Inc. Dollar General announced DG Cash …
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12 July
Early 2023 Data Breach Volumes Surpass Most Recent Full Years
As digitalization of payments information continues to permeate society, the allure of getting a hold of that data illicitly is unabated. Already, for the first half of 2023, the number of U.S. data compromises is higher than the total compromises for every full year between 2005 and 2020, except for …
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12 July
HipFinity Gateway Launches And Other Digital Transactions News briefs from 7/12/23
A payments-technology provider called HipFinity launched, offering a payment gateway and other services for independent sales organizations and other resellers. Payments-technology provider Stronghold introduced StrongholdNET, a network connecting merchants and providers of payment services. A blockchain-based startup called Decentral Zone launched to provide an e-commerce marketplace that allows consumers to transact with merchants via digital assets. …
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11 July
Shopify’s Latest Sales Channel Is Roku
Entertainment-streaming platform Roku says a partnership with Shopify Inc. will provide viewers the ability to purchase products from Shopify merchants directly from their TV through Roku Action Ads. It works like this: When viewing an ad for a Shopify merchant, viewers press OK on their Roku remote to learn more …
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11 July
Adyen Adds Tap to Pay on Android And Other Digital Transactions News briefs from 7/11/23
Point-of-sale technology provider Adyen NV has added Tap to Pay on Android, which allows merchants to accept contactless card payments directly on a mobile device with no additional hardware. Adyen is adding the technology initially in the United States and Singapore. Checkout.com launched Identity Verification, a tool based on artificial intelligence that allows …
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10 July
It’s Time for Congress to Dump the CCCA And Modify the Durbin Amendment, a Report Argues
With proposals aimed at controlling merchants’ costs for accepting credit cards having re-emerged in Congress, research has been emerging on both sides of the issue this summer as advocates for sellers and card issuers compete to influence any eventual legislation. The latest thrust appeared Monday with a research report arguing …
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10 July
$16 Trillion in Digital Wallet Volume by 2028 And Other Digital Transactions News briefs from 7/10/23
Services such as buy now, pay later loans and personal financial management will help drive the global volume of digital-wallet transactions to $16 trillion in 2028, up 77% from $9 trillion this year, according to a report from Juniper Research. Katapult Holdings Inc. said more than 20 merchants are now available on …
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7 July
FIS Gets FedNow Certified; MX Partners With Open Banking Specialist Moneyhub
FIS Inc. is the latest processor to be certified for the Federal Reserve’s FedNow real-time payments network, which is scheduled to launch later this month. FIS, which announced yesterday it is selling a sell a 55% interest in its merchant-processing business, joins a growing list of certified FedNow participants, including ACI …
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7 July
PayRange Finds its Spot in the Campground and RV Market And Other Digital Transactions News briefs from 7/7/23
PayRange Inc., a provider of mobile payments for unattended markets, has extended its reach into the campground and RV parks market. Payments-technology provider NovoPayment released Orchestra 2.0, a payments-orchestration layer aimed at financial institutions. Paybotic Financial, a payments platform specializing in the cannabis industry, said it has joined the Emerging Market Coalition, a nonprofit …
