E-Commerce Sales up 7.5% so Far And Other Digital Transactions News briefs from 7/12/22
Digital Transactions News staff
July 12, 2022
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
- U.S. consumers have spent $451.7 billion online through June, a 7.5% year-over-year increase, Adobe Inc. said in its Adobe Digital Price Index.
- Payments association EPCOR announced its acquisition of the Central Oklahoma Clearing House Association, which includes its fraud alert and settlement service. Terms were not disclosed.
- Payments provider Digital River said it will integrate its Global Seller Services, including tax, payments, compliance, and fraud mitigation, into technology from commercetools, a digital-commerce platform, through an independent software vendor (ISV) arrangement.
- Payments provider Payverse opened its seed round of funding.
- Teampay, whose technology converts corporate purchasing to virtual and physical cards, launched Teampay for Marketers, aimed at streamlining spending for corporate marketing departments.
- Payments-technology provider Prepaid Technologies said it has acquired WorkStride, an employee-recognition and -rewards platform. Terms were not announced. The deal follows a $96-million investment in Prepaid Technologies by Edison Partners late last year.
- Business-to-business payments provider Veem released its quarterly State of Small Business report that found 49% of surveyed SMBs anticipate a recession before the end of 2022. The survey was performed among 468 U.S. and Canadian small business owners.
- Towns throughout Eastern Massachusetts have adopted the Passport mobile parking app, the company announced. The app has now been adopted by more than 800 towns, universities, and private parking operators, Passport said.
- First Data Merchant Services, a unit of Fiserv Inc., will pay $1.6 million to settle a class-action lawsuit alleging the company violated the Telephone Consumer Protection Act by contracting with third parties to make unsolicited robocalls. FDMS does not admit wrongdoing in agreeing to the settlement.
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