Digital Transactions Authoritative, insightful and timely information for payments professionals
Ten years ago, the U.S. payment card market made its shift to EMV chip cards, and along with that the industry prepared for more contactless payments. That work by issuers and card brands appears to have paid off because 92% of consumers are now familiar with NFC, the technology that …
March, 2025
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6 March
Digital Wallet Developers Score a Victory in the Senate
The U.S. Senate on Wednesday voted 51-47 to scrub a regulation issued in November by the Consumer Financial Protection Bureau and aimed at mobile wallets and digital money transfers. The repeal legislation, which now moves to the House of Representatives, comes as major payment-app developers like Apple Inc., Block Inc., …
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6 March
Priority Revenue up 14% and other Digital Transactions News briefs from 3/6/25
Processor Priority Technology Holdings reported fourth-quarter 2024 revenue of $$227.1 million, up 13.9% year-over-year. Revenue for the year totaled $879.7 million, up 16.4% over 2023. The company’s net income swung to a positive $7.2 million for the quarter from a $106,000 loss a year earlier. For the full year, net income was …
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5 March
FedNow Limit Bumped to $1 Million and other Digital Transactions News briefs from 3/5/25
The Federal Reserve announced its FedNow real-time payments network this summer will raise its transaction limit to $1 million from $500,000. FedNow was launched in 2023. Kasheesh Inc. launched a loyalty program called Kasheesh Rewards, aimed at letting users earn rewards based on spending. Kasheesh’s platform allows users to split transactions across credit, debit, and …
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4 March
Restaurants Need Better Systems; Small Business Sales Slow
Most restaurants feel their current financial technology stack, which includes point-of-sale systems, needs improvement, according to SpotOn Transact LLC’s 2025 Restaurant Business report. SpotOn’s survey found 84% of restaurants say their current financial systems need an overhaul. Of those, nearly half say they should spend more time on financial tracking, …
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4 March
Paysafe’s Top Brass Brushes Aside Takeover Rumors As the Processor Focuses on a Maturing Sales Effort
Rumors about an acquisition of Paysafe Ltd. have swirled around the company for nearly a month, and the processor’s top management early Tuesday were in no hurry to add fuel to the speculation. “We’re going to stick to no real comment,” said chief executive Bruce Lowthers while addressing an equity …
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4 March
LegitScript’s New Onboarding Tools and other Digital Transactions News briefs from 3/4/25
Compliance services provider LegitScript released a suite of services to help with merchant risk management. Among them is its Xray AI Risk Intelligence platform that can help with scanning merchant Web sites for card network violations, automatically detecting merchant category codes, and matching merchants against LegitScript’s risk intelligence database. Visa Inc. is working …
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3 March
Usage Blooms for Visa’s Tap-to-Phone Offering
A 3-year-old technology enabling merchants to accept contactless payments using a regular smart phone with no special hardware has bloomed with a global year-over-year growth rate of 200%. That rate is even higher in the United States, United Kingdom, and Brazil, the three countries with the highest adoption rates, Visa …
February, 2025
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28 February
Flexa Introduces Tap to Pay For Crypto; Wirex Pay Launches in the U.S.; Bybit Runs a Netflix Tie-in
Flexa Inc., a digital-payments provider, has introduced tap-to-pay for cryptocurrency transactions. The contactless-payment method enhances digital-asset usability by enabling blockchain payments via NFC-enabled hardware wallets without a mobile phone or internet connection, the company says. Hardware wallets, known also as burner wallets, are physical devices that store private keys for …
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28 February
Eye on POS Terminals: Ingenico Debuts an Integrated POS Device; Genesys Incorporates Tech from MagTek
The evolution of point-of-sale devices and technology is unwavering, and the latest development is from Ingenico with its new Axium CX9000, an electronic cash register. Additionally, MagTek Inc. and Genesys Technologies have launched a POS reader for unattended payments. Ingenico’s Axium CX9000 has two screens, a 1.56-inch one for the …
