Digital Transactions Authoritative, insightful and timely information for payments professionals
LINGA rOS, a provider of restaurant point-of-sale technology, said it will work with Evertec Inc., a payments processor concentrated in the Caribbean and Latin America, to serve the hospitality market in those regions.Unattended payments provider Cantaloupe Inc. announced Enhance, an artificial intelligence and machine learning technology-based service from Hivery, a data-science company, …
December, 2021
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29 December
PayByPhone App Sees $550 Million in Annual Payments and other Digital Transactions News briefs from 12/29/21
PayByPhone Technologies said it launched its parking-payments app in 25 additional locations in 2021, including 21 cities and four universities. Globally, the app is available in more than 1,000 cities and processes more than $550 million in payments annually.Aderant, a business management software provider, announced a partnership with LawPay that will …
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28 December
Investor Takes Stake in Poynt Parent and other Digital Transactions News briefs from 12/28/21
Shares in Web-services company GoDaddy Inc. rose more than 8% on Monday on the news that Starboard Value had bought a 6.5% stake in the company, which last year acquired payments-technology firm Poynt Inc. to launch its GoDaddy Payments unit. Green Dot Corp. and ACI Worldwide Inc. are two other payments companies in Starboard’s portfolio.LawPay, a …
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23 December
How the ACH May Have Been the Winner of the Pandemic Payments Sweepstakes
The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …
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23 December
Colony Bankcorp Launches Merchant-Acquiring Division and other Digital Transactions News briefs from 12/23/21
Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
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22 December
Fingerprint Signs a Deal to Bring Its Iris-Recognition Tech to Devices From Indian Firm Mantra
Fingerprint Cards AB early Wednesday said it has agreed to provide iris-recognition technology to Mantra Softech India Pvt Ltd., said to be the largest provider in India of biometric devices and sensors. Terms of the multi-year contract were not disclosed. Under the terms of the deal, Mantra will deploy the …
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22 December
Mastercard Acquires Dynamic Yield and other Digital Transactions News briefs from 12/22/21
Mastercard Inc. said it is acquiring Dynamic Yield, a data personalization platform, from McDonald’s Corp. Terms of the deal were not disclosed.The University of Kansas has agreed to support the Passport app to pay for parking at 3,600 spaces across the campus. More than 800 cities, universities, and private operators now deploy Passport, …
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20 December
In a First, Equifax Adds BNPL Payment Data To Credit Reports
To help buy now, pay later lenders better manage the risk associated with each applicant, Equifax Inc. on Monday announced it will begin in 2022 including BNPL payment data in consumer credit reports. To report the data, Equifax has created a new code to designate BNPL tradelines in consumer credit …
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20 December
Cerence Moves a Step Closer to AI-Based In-Car Ordering and Payments
Get ready for even more sophisticated in-car virtual assistance. Cerence Inc., which develops in-car virtual technology, has launched Co-Pilot, its advanced assistant that uses artificial intelligence and vehicle integration to help with such tasks as ordering and paying for a coffee while a mile away. Cerence says its technology—it has …
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17 December
With BNPL’s Fast Rise, the CFPB Issues a Demand Letter Seeking Data From Five Firms
The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …
