Digital Transactions Authoritative, insightful and timely information for payments professionals

August, 2024

• 2 August

  Dorsey Puts Afterpay’s Molnar in Charge of Block’s Cross-Company Sales to Kickstart Growth

  

  Block Inc.’s top management late Thursday said the company’s focus for the remainder of the calendar year is on enhancing its go-to-market strategy. That means improving sales, boosting partnerships, sharpening marketing, and product innovation, Block chief executive Jack Dorsey said during the company’s 2024 second-quarter earnings call. Dorsey lost no …
• 2 August

  Bharcap Invests in EMS and other Digital Transactions News briefs from 8/2/24

  

  Bharcap Partners LLC has made an unspecified majority investment in payments provider Electronic Merchant Systems, which processes roughly $6 billion in volume annually for 25,000 merchants across the country. The company was formerly majority-owned by founder Jim Weiland. Rentec Direct, whose software enables landlords to process rent payments and automate other …
• 1 August

  Chase Expands Its Partnership With DoorDash to Include Non-Restaurant Merchants

  

  Chase, the banking arm of JPMorgan Chase & Co., has expanded its relationship with third-party delivery service DoorDash Inc. to non-restaurant merchants. The deal will enable Chase Sapphire and other eligible Chase cardholders to receive recurring benefits on orders from more than 150,000 grocery, convenience, and non-restaurant stores in the …
• 1 August

  Eye on Point of Sale: Paris Baguette Enlists Olo for Online Ordering; Elo Debuts 22-Inch Kiosk

  

  As bakery chain Paris Baguette refreshes its rewards program and its mobile app, its online-ordering process has also been updated with help from Olo Inc. In related news, Elo Touch Solutions Inc. releases a 22-inch contactless payment-enabled device. Moonachie, N.J.-based Paris Baguette, which has 160 U.S. locations, according to its …
• 1 August

  Helper Bees Pick Lynx for Card Program and other Digital Transactions News briefs from 8/1/24

  

  An in-home services company called The Helper Bees has launched a benefit card that allows members to spend benefits at more than 60,000 retail locations, including drugstores and grocery chains. Duda, a Web site developer, said its e-commerce technology has integrated with Block Inc.’s Square platform, a move it says will allow …

July, 2024

• 31 July

  Payment Facilitation: Elevating Your Payment Solutions

  

  Payment Facilitation: Elevating Your Payment Solutions 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 …
• 31 July

  Mastercard’s Chief Executive Laments a Broken Interchange Deal

  

  Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that masks actual card data from potential cyberthieves. Pointing to a U.S. District Court judge’s rejection last month of an agreement between merchants and …
• 31 July

  Why Setting Expectations Is a Critical Part of ISV and VAR Partnerships

  

  There’s more than pricing and revenue agreements that’s necessary to the working relationships between independent software vendors and the value-added resellers. Understanding this is important as the ISV segment gains ground as a payments channel, experts say. It starts with communication, says Gary Liu, chief financial officer of Bold Integrated …
• 31 July

  Aurora’s New POS Terminals and other Digital Transactions News briefs from 7/31/24

  

  Aurora Payments, a payments-technology developer, said it has worked with payments-hardware firm Sunmi and software developer Proxet to introduce a new line of point-of-sale terminals they say is designed for small businesses. The Western Union Co. reported processing 73.3 consumer-money transactions in the second quarter, up 3.8% year-over-year, while revenue in the segment …
• 30 July

  PayPal’s New CEO Looks to New Checkout Flows As the Company Plays a ‘Long Game’

  

  When Alex Chriss took over in September as PayPal’s chief executive, he promised to shake up what he saw as a complacent payments engine. Now, the company is starting to see some tangible results from Chriss’s moves, though the new boss isn’t entirely satisfied. “We know there is much more …