Digital Transactions Authoritative, insightful and timely information for payments professionals
Toast Responds to FTC Allegations Regarding Fees And Support
After a Court Ruling the Durbin Debit Cap Is Poised for a Rewrite
The Federal Reserve is now required to rewrite the key interchange limits included in a controversial 15-year-old debit card rule following a federal appeals court decision Monday striking down an interchange cap the Fed established in 2011. The Fed could still appeal the ruling to the U.S. Supreme Court. Interchange, …
Read More »Surcharging Rules are Multiplying, and ISVs Are in the Middle
Surcharging compliance, once the sole domain of card brands, has spread into a patchwork quilt of state regulations that is making software providers and their payments partners feel the squeeze. The issue has little to do with the card brands, which altered their rules in 2013 to allow surcharging on …
Read More »NMI Expands Capital Program and other Digital Transactions News briefs from 9/23/26
Processor NMI said it has expanded its NMI Business Capital program, offering new term loans and starter offers that ISOs, software companies, and software-as-a-service companies can offer merchants. U.S. consumers now expect AI agents to conduct 15% of their transactions, up from 9% a year ago, while 45% of Americans have used …
Read More »Merchants Level Multiple Objections to a Proposed Interchange Agreement
FedNow Eyes Expansion with Upcoming Discount Program
Financial institutions pondering how FedNow, the real-time payment service from the Federal Reserve, might fit into their product sets will have a new incentive to factor in when the FedNow discount program begins Jan. 1. Eligible FIs could receive a minimum of a $5,000 discount when enabling FedNow receive capabilities. …
Read More »PayPal Pursuit Ends and other Digital Transactions News briefs from 8/28/26
PayPal Holdings Inc.’s shares fell early Friday following news reports late Thursday that Stripe and Advent have abandoned their pursuit of the payments giant. PayPal’s board reportedly spurned the Stripe/Advent offer of $53 billion, or $60.50 per share, as too low. PayPal’s shares were trading at $61.47 at the market’s close Thursday. Some 47% …
Read More »Jack Henry’s Profit up 10% and other Digital Transactions News briefs from 8/19/26
Banking services and processor Jack Henry & Associates Inc. reported $2.54 billion in revenue for fiscal 2026, which ended June 30, up 6.7% from $2.38 billion in 2025. Net income for the year of $502.8 million increased 10.3% from $455.7 million the year prior. In the fourth quarter, Jack Henry had $644 …
Read More »Swift, J.P. Morgan And BofA Usher in Faster International Money Transfer
Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount …
Read More »Toast Payment Volume up 22% and other Digital Transactions News briefs from 8/5/26
Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, …
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