Digital Transactions Authoritative, insightful and timely information for payments professionals
POSaBIT Systems Corp., a point-of-sale system provider for the cannabis industry, announced a private placement of more than 5.8 million shares that generated approximately C$47.7 million ($3.6 million) that will help support its launch in eight U.S. state by year’s end.Corpay, a payments-technology unit of the U.S.-based payments provider Fleetcor, …
June, 2022
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20 June
PingPong Strengthens Its Cross-Border Payments Business With a JCB Deal
Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …
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20 June
Linxens in Biometric Card Deal and other Digital Transactions News briefs from 6/20/22
Linxens Holding SAS has become the global provider of biometric smart cards produced with technology from Linxens and Idex Biometrics ASA under a new agreement. The cards feature fingerprint sensors from Idex and an NFC antenna inlay from Linxens.Blockchain-based gaming platform Aqua said it has hired former Facebook executive Sean Ryan as chief …
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17 June
Visa Adjusts Its Chargeback Rules to Help Stem a Rising Tide of Friendly Fraud
When it comes to payment card fraud, criminals trying to bilk the system with stolen card credentials is what typically comes to mind. But with e-commerce sales soaring during the pandemic, another form of fraud has been gaining momentum. This is so-called friendly fraud, in which a consumer disputes a …
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17 June
Samsung Wallet Debuts and other Digital Transactions News briefs from 6/17/22
Samsung Electronics launched Samsung Wallet for its Galaxy line of mobile devices. The new application allows users to store payment cards as well as digital keys, boarding passes, ID cards, and other credentials. Later in the year, the wallet will support driver’s licenses and student IDs. Samsung Pay users can upgrade to the wallet …
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16 June
Credova’s Pay in 4 for Outdoor Sports and other Digital Transactions News briefs from 6/16/22
Credova, a buy now, pay later platform for outdoor-sports-related purchases, launched its Pay in 4 program, allowing shoppers to split purchases into four installments at no interest.Point-of-sale technology provider PredictSpring said it has raised $16 million in a Series B funding round.Point-of-sale system maker Bravo Systems released updates for automated form completion and text …
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15 June
With Pay Monthly, PayPal Expands Its BNPL Platform to Bigger Buys, Longer Terms
The buy now, pay later trend is getting hotter with the summer. PayPal Holdings Inc. announced early Wednesday it will offer a plan allowing consumers to split large purchases over a period of six to 24 months. The monthly payments will incur interest and will apply to transactions valued between …
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15 June
Omnichannel Revenue up 142% in May and other Digital Transactions News briefs from 6/15/22
Data from Signifyd’s Ecommerce Pulse report found that retailers experienced a 142% increase in omnichannel sales in May from May 2021.Grubhub, the food ordering and delivery app, said it has added PayPal Holdings Inc.’s Hyperwallet and Visa Direct, Visa Inc.’s real-time payment service, to allow drivers to receive immediate payouts.Software provider Marketing 360 launched …
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14 June
In the Face of Inflation, Mastercard Adopts a Bullish Outlook for Back-to-School Spending
Despite inflation hitting a 40-year high, consumer spending during the back-to-school season is projected to increase 7.5%, excluding automotive sales, from 2021 levels, according to Mastercard Inc.’s SpendingPulse, which measures in-store and online retail sales across all forms of payment, not adjusted for inflation. Department stores are expected to be …
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14 June
Sionic’s New Real-Time Payment Service and other Digital Transactions New briefs from 6/14/22
Payments provider Sionic announced a service that allows consumers to pay merchants at the point of sale via real-time transfers from the consumer’s bank account to the merchant’s bank account. The service includes incentives merchants can use to induce consumers to use the service in preference to rewards credit cards.XTM Inc. announced it …
