Digital Transactions Authoritative, insightful and timely information for payments professionals
The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …
June, 2024
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24 June
After Coming ‘a Really Long Way,’ Paze Signs Sellers As It Executes a Staged Rollout
Paze, the online checkout platform backed by some of the nation’s biggest banks, is barreling through a state-by-state rollout that could culminate in nationwide coverage by late summer or early fall, according to James Anderson, the platform’s general manager who has spearheaded the project since Early Warning Services LLC announced …
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24 June
Traditional Merchant Services vs. Payment Facilitation
Traditional Merchant Services vs. Payment Facilitation In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …
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24 June
Shopify Merchants Gain Access to Target Plus Marketplace
Some Shopify Inc. merchants will be able to get their products in front of more online shoppers via a deal the e-commerce platform has struck with Target Corp. Announced Monday, the deal enables select Shopify Inc. merchants to feature their products on Target Plus, the retailer’s third-party, curated marketplace. Target …
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24 June
Samsung Next Invests in Curve and other Digital Transactions News briefs from 6/24/24
Samsung Next has invested an undisclosed sum in Curve UK Ltd, developer of a U.K.-based digital wallet, bringing Curve’s total raised funds to more than $250 million. ECS Fin, a developer of payment-processing technology, said Zenus Bank has adopted its IMS Payments capability to integrate Visa B2B Connect, a platform for …
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21 June
AmEx Looks to a Pair of Acquisitions to Raise Its Game in the Hotly Competitive Dining Market
American Express Co. early Friday announced it is acquiring Tock, a restaurant-reservation application, from Squarespace Inc. for $400 million, and Rooam, a contactless-payment platform for restaurants, bars, music venues, and arenas, for an undisclosed sum. Launched in 2014, Tock provides reservation, table-management, and event ticketing capabilities to 7,000 restaurants, wineries, …
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21 June
Working with Elavon, Delta Adopts Tap to Pay on iPhone for U.S. Flights
Delta Air Lines Inc. is adopting Tap to Pay on iPhone for its U.S. flights, a move made in conjunction with processor Elavon Inc. Delta has long accepted card payments on flights, having adopted a card-only policy in 2009 for North America flights, The Atlanta Journal-Constitution reported then. The move …
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21 June
Shift4 Marks Another Europe Deal and other Digital Transactions News briefs from 6/21/24
U.S.-based Shift4 Payments Inc. has deepened its penetration of the European market through an agreement to partner with Stockholm-based digital-payments platform OneMoneyWay to offer small merchants in the United Kingdom and Europe a combined business and payments platform. Shift4 recently took a majority stake in Germany’s Vectron Systems, a point-of-sale technology company. Strider, …
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20 June
Eye on Deals: Corpay’s Bid for GPS; JG Wentworth Snaps Up OttoPay; RevoluGroup Looks to Sell Its Spanish Unit
Corpay Inc. has reached an agreement to acquire GPS Capital Markets LLC, a provider of cross-border and treasury management technology for businesses primarily in the United States. Terms of the deal, which is expected to close in early 2025, were not disclosed. Founded in 2002, GPS Capital Markets provides corporate …
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20 June
BNPL Finds Favor Among Consumers Amid Rising Prices
Buy now, pay later, the now established installment-payment option, is finding favor among consumers facing higher prices. That’s the word from a new report from Forter, an online fraud-prevention provider, based on its latest survey. Twenty-five percent of the 2,000 U.S. consumers surveyed by Talker Research say they use BNPL …