Digital Transactions Authoritative, insightful and timely information for payments professionals
ServiceMonster, whose software serves carpet- and window-cleaning providers, launched ServiceMonster Payments, a platform allowing service providers to process payments within the ServiceMonster desktop or mobile app. Payment finance platform Infini has launched its Global Card, a virtual card that offers yields on stablecoin balances and spending through such wallets as Apple Pay, …
May, 2025
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2 May
Despite Lower-Than-Expected Profit And Cash App Softness, Block Remains Bullish
Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the company said during a conference call late Thursday to discuss its first-quarter results. Block is the parent company of the …
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2 May
Crypto Operators Keep Chipping Away at a Merchant Acceptance Barrier
Cryptocurrency remains far from mainstream payments, but it keeps edging closer in the United States and worldwide. Further evidence emerged early Friday with news that the money-transfer platform MoneyGram International Inc. has launched MoneyGram Ramps, an application programming interface aimed at easing crypto-based transfers. Simultaneously, a crypto app called Bitget …
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2 May
Priority Sports Goes Wild and other Digital Transactions News briefs from 5/2/25
Priority Sports, a unit of the payments provider Priority Technology Holdings Inc., announced it has processed ticket sales since March for the Minnesota Wild, a National Hockey League team. A survey from Jack Henry & Associates Inc. found that 89% of financial institutions plan to add new payment services, including the FedNow real-time payments …
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1 May
AI Commerce Gets a Boost From Visa, PayPal, and Mastercard
Visa Inc. late Wednesday introduced Visa Intelligent Commerce, an artificial intelligence-based shopping service that enables AI agents to shop and make purchases for consumers. AI agents are software programs that use artificial intelligence to gather information and take actions to achieve clearly defined goals with a minimum of human intervention. The …
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1 May
Mastercard Reckons With a Cap One Impact As Its Crypto Investment Grows
The payments industry may soon be wrestling with the fallout from the upcoming $35-billion merger of Capital One Financial Corp. and Discover Financial Services, and one key question emerging from the deal is how it will affect Mastercard, the network for Cap One’s credit and debit cards. Early on Thursday, …
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1 May
EMS’s Latest Moves and other Digital Transactions News briefs from 5/1/25
Electronic Merchant Systems, also known as EMS, said it has invested in Payment Nerds and Pet Payments, both of which have signed distribution agreements with EMS. The extent of the investment was not disclosed. Merchant services and check printer Deluxe Corp. reported $536.5 million in first quarter 20245 revenue, up 0.3% from …
April, 2025
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30 April
A Time-Tested Playbook Fuels Visa’s Growth, Its Top Brass Says
A proven business model built around executing the fundamentals in consumer and business payments was the engine for solid growth during Visa Inc.’s second quarter of its 2025 fiscal year, the card network’s top executives indicated late Tuesday. The strength of Visa’s business model is evident in the network’s financial …
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30 April
Walmart’s Pay by Bank Project Remains on Track for 2025
A test this past September of a real-time pay by bank payments option inside the Walmart app indicates the service is on track for a broader debut in 2025, Digital Transactions News has learned. Speaking at the Nacha Smarter Faster Payments 2025 conference in New Orleans, Sarah Arnio, Walmart Inc. …
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30 April
Affirm’s AI Launch and other Digital Transactions News briefs from 4/30/25
Affirm Inc. has launched AdaptAI, a promotions platform aimed at merchant clients and relying on artificial-intelligence technology. Business-software platform onPhase announced it will incorporate the Paymode business-payments feature from Bottomline Technologies Inc. Bluefin Payment Systems LLC has agreed to integrate its payment-processing platform and point-to-point encryption technology in C-Park, the parking-management software from Campus …
