Digital Transactions Authoritative, insightful and timely information for payments professionals
Up ‘n go, a QR code-based pay-at-the-table provider, said it recently marked more than $1.1 billion in total payments processed. The company was founded in 2017. Mastercard Inc. and Visa Inc. will settle a class action lawsuit over ATM fees, according to a Reuters report. They have agreed to pay $197 …
May, 2024
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30 May
An Alert Warns of Scams That Collect on ‘Missed’ Toll Road Payments
With summer travel on the rise, fraudsters are readier than ever to take advantage of unwary motorists. Toll-road fraud is generating complaints in at least a dozen states, says the Identity Theft Resource Center in a report issued this month. The latest scam involves text messages impersonating a toll authority …
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30 May
Personalization Is the Key for Payments Apps And Web Sites, J.D. Power Finds
Personalized financial-management tools and digital assistants will provide the pathway for banks and card issuers to differentiate their mobile apps or Web sites from those of competitors and drive adoption and usage, according to a new report from J.D. Power. The best opportunities for card issuers will come from offering …
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30 May
Many Opt for Manual Bill Pay and other Digital Transactions News briefs from 5/30/24
Almost two-thirds of U.S. consumers prefer to pay bills manually rather than through automated services, according to a survey by payments platform MX Technologies Inc. The online research embraced 1,059 adults and was conducted during the first quarter. Embedded payments startup Forward closed a $16 million seed financing round led by Commerce Ventures, Elefund, …
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29 May
Beyond payment acceptance – Leveraging APIs and open banking to provide more value
By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …
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29 May
Airlines Have Plenty of Room for Growth When It Comes to Payment Acceptance, a Report Finds
Airlines face myriad challenges when it comes to improving their payment processes to drive bookings and support growth, according to a report from omnichannel payments and digital-commerce platform provider CellPoint Digital. The two leading payments challenges facing airlines are a lack of alternative payment methods and regional forms of payment, …
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29 May
Outdoors Specialist PayIt Expands Digital Licensing With Its North Carolina Win
PayIt LLC announced on Tuesday it is processing payments for fishing licenses for the Eastern Band of Cherokee Indians in North Carolina. The deal, which was consummated March 20 but not announced immediately, is the latest for PayIt, an 11-year-old Kansas City, Mo.-based platform that specializes in digital payments for …
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29 May
Humbl Tickets for the Blackbears and other Digital Transactions News briefs from 5/29/24
Technology platform Humbl said it will develop a digital ticketing offering for the Oregon Blackbears, an indoor football team. Organic Payment Gateways said it has launched an Authorize.net gateway service for merchants selling cannabis seed, nutritional supplements, and cannabidiol, the active ingredient in cannabis. Authorize.net is owned by Visa Inc. ParTech Inc., which …
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28 May
Merchants Get an Extension to File Monetary Claims in the Big Credit Card Settlement
Merchants have been granted a 90-day extension to file a monetary claim as part of the settlement of a nearly two-decades-old interchange lawsuit filed against Visa and Mastercard. Merchants now have until Aug. 30 to file their claims, the court overseeing the settlement has ruled. A settlement between Visa and …
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28 May
Eye on Real-Time Payments: BankSocial Debuts an RTP Service; Pidgin Enters a Correlation Collaboration
More credit unions will have access to real-time payments networks in separate deals announced Tuesday. BankSocial, a division of Fivancial Inc., launched its real-time payment service for credit unions. Meanwhile, Pidgin Inc. is working with core processing provider Corelation Inc. to enable broader real-time payments access to its clients. Dallas-based …