Digital Transactions Authoritative, insightful and timely information for payments professionals
Count transactional credit at the point of sale among the payment technologies winning more of the spotlight as consumers tentatively venture out and businesses reopen in the midst of Covid-19’s impact. Mastercard Inc. on Wednesday announced new integrations with the card-issuing processor TSYS and with technology providers that will let …
September, 2020
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2 September
CardFlight’s Latest Small Business Data and other Digital Transactions News briefs from 9/2/20
CardFlight Inc. released its Small Business Report for Sept. 2 that shows contactless payments made at more than 65,000 small businesses for the week of Aug. 24-30 were up 140.3% from the base week of March 2 to 8. The report also predicts that there may be up to 50% fewer …
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1 September
Eye on Cannabis Payments: POSaBit Reports Record Growth And AeroPay Forms a Banking Tie-Up
The Covid-19 pandemic has been good for the legal cannabis industry. POSaBit Systems Corp., which markets point-of-sale systems and services to the industry, reported second-quarter revenue growth and payments provider AeroPay is working with Safe Harbor Private Banking on a new payments service for the industry. Kirkland, Wash.-based POSaBit says it …
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1 September
Shift4 and Sionic Target Restaurants and other Digital Transactions News briefs from 9/1/20
Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
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1 September
Beyond Contactless: Giant Eagle Recruits Grabango for Checkout-Free Stores
Cashierless technology is spreading as stores hunt for ways to automate service and payments while keeping operating costs in check. The latest example is supermarket chain Giant Eagle Inc., which has teamed up with Grabango Co., a Berkeley, Calif.-based provider of checkout-free technology, to introduce cashierless technology to its GetGo …
August, 2020
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28 August
Mastercard’s Streamlined Retail and Other Digital Transactions News Briefs from 8/28/20
Circle K, Delaware North, Dunkin’, and White Castle are among retailers working with Mastercard Inc.’s Shop Anywhere and AI Powered Drive Through services, which aim to reduce customer waiting times and checkout lines while offering vehicle recognition, voice ordering, and artifical intelligence for drive-through lanes.Point-of-sale installment lender Affirm Inc. announced it is providing …
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27 August
A Covid-Inspired Push for Embedded Payments Helps Spur Four-Fold Growth for Finix
With more independent software providers and financial-technology companies embedding payment capabilities in their applications, Finix Payments Inc., a provider of payment applications, has seen its transaction volume jump more than fourfold from the second quarter of 2019 through the second quarter of 2020. Key drivers of the growth include a …
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27 August
Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large
Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …
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27 August
Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20
Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …
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26 August
Visa Leverages Artificial Intelligence for Smarter Stand-in Processing
Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …
