Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
December, 2023
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15 December
With Sale Rumors Swirling, Shift4 May Be Traveling Down An Alternative Path
With the payments industry abuzz since late Thursday with reports that the big processor Shift4 Payments Inc. is in talks to be acquired by Global Payments Inc.—reports Global Payments has denied— questions are emerging as to whether Shift4’s plans to grow through the exploration of strategic initiatives include a sale. …
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15 December
Presto Voice Tally Predicts 1,270 Locations and other Digital Transactions News briefs from 12/15/23
Presto Automation Inc. forecast its new, artificial-intelligence-based Presto Voice ordering system for drive-through restaurants will have been adopted by 1,270 locations by the end of 2024, up from the current count of 404. River, a provider of technology and financial services related to Bitcoin, launched River Link, a service that lets users send …
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14 December
Repay Partners With Green Dot to Enable Cash-Based Bill Payment
Repay Holdings Corp., a provider of payment-processing services, has partnered with Green Dot Corp. to enable Repay merchants to accept cash-based bill payments at more than 45,000 locations in the United States. The service depends on Green Dot’s eCash technology, which enables users to present a barcode that serves as …
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14 December
Revel Systems Signs up Dewey’s As Hospitality POS Rivalry Grows Ever Hotter
In recent years, point-of-sale technology providers specializing in the hospitality industry have had a tough go of it. First came the pandemic, which shut down restaurants across the country. And now, the business has emerged as perhaps the most crowded POS market in North America, with at least a dozen …
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13 December
The EPC Recruits Social Media Influencers to Turn Up the Heat on the CCCA
The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …
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13 December
Visa Launches a Service Aimed at Stopping Fraud Caused by Illegitimate Token Requests
Tokenized credentials are supposed to stop fraud by masking card account numbers when a transaction is processed, but according to Visa Inc. global losses owing to illegitimate tokens totaled $450 million last year. That’s bad enough to prompt the network to announce early Wednesday it is launching Visa Provisioning Intelligence, …
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12 December
Discover Taps New CEO And Other Digital Transactions News briefs from 12/12/23
Discover Financial Services said its board of directors has appointed Michael G. Rhodes chief executive and president. Rhodes, who will take office on or before March 6, succeeds interim CEO and president John Owen, who will continue as a Discover board member. Rhodes comes to Discover from TD Bank, where he was …
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12 December
Eye On BNPL: Affirm Teams Up With Blackhawk Network; Splitit Delists Upon Its Latest Cash Infusion
BNPL providers are expanding the utility of the payment option by enabling consumers to finance gift card purchases. BNPL provider Affirm Holdings Inc. announced Tuesday it is partnering with prepaid card platform provider Blackhawk Network Holdings Inc. to allow consumers to purchase digital gift cards on Affirm.com or in the …
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11 December
Holiday Sales on Cards Are Off to a Healthy Start, the NRF Says
Holiday sales were robust in November, giving merchants reason to be optimistic about overall spending for the holiday shopping season, according to the National Retail Federation. Total retail sales in November, excluding automobiles and gasoline, rose 0.77% month-over-month on a seasonally adjusted basis, and 4.24% on an unadjusted basis year-over-year, …
