Digital Transactions Authoritative, insightful and timely information for payments professionals
Garmin International Inc. launched its Lily 2 series of smart watches, which include the company’s Garmin Pay contactless-payments technology. The Chinese technology and payments giant Ant Group, parent of Alipay, is closing in on an acquisition of MultiSafepay, a Netherlands-based payments platform, for about $200 million, Reuters reported. Alipay is the operator of the Alipay+ …
January, 2024
December, 2023
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8 December
Block’s New Bitcoin Wallet And Other Digital Transactions News briefs from 12/8/23
Block Inc., the parent of Square and Cash App, launched Bitkey, a self-custody Bitcoin wallet, in nearly 100 countries around the world. Block is taking pre-orders for the wallet, which consists of a mobile app, a hardware device, and a set of recovery tools, at $150 each. Crypto technology provider Onez launched …
September, 2023
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24 September
How ISVs are Adapting to Rapid Market Shifts
By Tom Byrnes, SVP, Marketing, PayiQ The current ISV market is growing exponentially and is expected to show a compound annual growth rate (CAGR) of 14.1% from 2022 – 2030. This growing scope of opportunity has attracted new players into the market. According to recent research by the Retail Solutions …
July, 2023
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25 July
Visa’s CEO Delicately Fields Questions About the Company’s Merchant Relations
Visa Inc.’s top brass, during the company’s quarterly earnings conference call Tuesday afternoon, preferred to talk about fast-growing newer lines of business such as value-added services and transaction sources apart from traditional plastic credit and debit cards. But stock analysts on the call had questions about some sensitive merchant-relations issues, …
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14 July
Olo Adds Kiosk Payments And Other Features for Restaurants
Olo Inc., a software-as-a-service platform provider for restaurants, rolled out several enhancements, including the ability for customers to place orders and pay for them using the Olo Pay application at in-restaurant kiosks. Enabling in-restaurant payments at kiosks marks the first availability of card-present payment processing through Olo Pay. Olo developed …
February, 2023
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14 February
U.K. Regulators Are Mulling BNPL Legislation
Two years after announcing United Kingdom lawmakers would regulate buy now, pay later services, HM Treasury, the British government’s financial arm, has begun its consultation process. As reported in The Guardian, the process will take eight weeks and will outline the rules that BNPL providers will have to follow. Klarna …
October, 2022
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28 October
Meta Pay Widens Its Merchant Reach Through a Deal With Chase Payments
Meta Pay, the mobile wallet from Meta Platforms Inc., has reached an agreement with JP Morgan Chase Payments to make the payment option available to Chase merchants on their e-commerce site or mobile app. The announcement was made earlier in the week on Twitter by Stephane Kasriel. the head of …
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27 October
Open Banking Will Soon Have a New Overseer As the CFPB Looks to Regulate Data Sharing
With data sharing via open-banking arrangements becoming increasingly vital in the payments business, the Consumer Financial Protection Bureau on Thursday released an outline of a “data-rights rule” it is preparing that would govern how consumers’ financial information is shared among players such as banks and payments companies. The proposed rule …
September, 2022
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28 September
Agility with e-commerce: Enabling e-commerce payments is no longer negotiable
By Dustin Siner, Chief Revenue Officer, Agile Financial Systems The rise of e-commerce and social commerce is unmistakable. What was once viewed as an alternative shopping method for a select few is now the preferred shopping method for a significant portion of consumers. A report by Statista forecasts that by …
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1 September
PayNearMe Adds Kansas, Its 20th State for iGaming And Sports Betting
PayNearMe Inc. has added one more state for its iGaming and sports-betting processing business. The latest expansion, to Kansas, brings to 20 the number of states in which the payments and electronic billing platform provider has iGaming operations. The expansion also comes just as the collegiate football and National Football …
