Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider Flywire Corp. has submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission in support of a proposed initial public offering.The Children of Restaurant Employees nonprofit is meeting pandemic claims from displaced restaurant workers via grant disbursements on gift cards from Blackhawk Network. Prepaid and gift card …
March, 2021
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11 March
The Architect of Debit Price Caps Attacks Visa And Mastercard for Planned Credit Card Hikes
The U.S. Senator who gave his name nearly a decade ago to a law that caps debit card interchange made it plain Thursday he now has the rates merchants pay for credit card acceptance squarely in his sights. Commenting during a meeting of the Senate Judiciary Committee, which he heads, …
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11 March
A Rollout in Brazil Is Part of MagicCube’s Push for Card Acceptance on Ordinary Phones
As part of its drive to turn off-the-shelf mobile devices into secure point-of-sale terminals using software as opposed to a dongle, MagicCube Inc. announced Thursday that its i-Accept application has expanded to Brazil. Acquiring banks and financial-technology service providers in Brazil can now enable merchants and retailers to accept contactless …
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10 March
MerchantE Teams With UnionPay to Boost UnionPay Approval Rates in the U.S.
By linking directly to UnionPay’s SecurePlus two-factor authentication application, digital-commerce platform provider Merchant e-Solutions Inc. expects to significantly reduce decline rates for UnionPay debit card transactions in the United States. Decline rates are an especially nettlesome issue for UnionPay debit card holders, who account for about 60% of UnionPay’s 9 …
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10 March
A Sneak Peek From Visa Shows U.S. Debit Volume Growth Continues As Credit Volume Dips
Visa Inc. said U.S. debit volume increased 31% in January and 16% in February over the comparable 2020 months, while its credit volume dipped 6% and 8%, respectively. In an 8-K filing, Visa, which did not release actual volume data, said for the quarter to date overall U.S. payments volume …
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10 March
Hotelier Adds Bitcoin Acceptance and other Digital Transactions News briefs from 3/10/21
All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …
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9 March
Eye on Parking: ParkMobile Sold to EasyPark And Fast Park Adds Contactless Payments
ParkMobile LLC will have a new owner with the pending sale of its parent company, Park Now Group, to EasyPark Group. Announced Tuesday, the deal will see Atlanta-based ParkMobile, which says it has more than 22 million users in 450 cities, become part of Stockholm-based EasyPark. Park Now has been …
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9 March
How the Pandemic Helped Drive a Startling Increase in Identity Theft Losses
Some 47% of U.S. adults have reported identity theft over the past two years, while the fraud’s toll ballooned to $712.4 billion in 2020, up 42% from 2019, according to a report released Tuesday by Aite Group, a Boston-based research and consulting firm, and sponsored by Giact, an Allen, Texas-based …
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9 March
Handpoint To Use MagicCube POS Technology and other Digital Transactions News briefs from 3/9/21
Point-of-sale technology provider Handpoint has agreed to adopt the i-Accept technology from MagicCube Inc. The technology allows merchants to accept card transactions on off-the-shelf mobile devices.Citcon, a provider of mobile-wallet acceptance at the point of sale, has agreed to integrate its technology with that of Agilysys Inc., a vendor of point-of-sale technology …
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8 March
As Its ACH Traffic Climbs Rapidly, Paya Manages a ‘Very Strong’ M&A Pipeline
Payments on the automated clearing house network have been gliding upward for some time, allowing processors that handle ACH volume to tap into that growth. On Monday, Paya Holdings Inc. showed it’s among the beneficiaries. ACH volume for Atlanta-based Paya reached $3.5 billion in last year’s fourth quarter, up fully 46% from …
