Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments platform FreedomPay has agreed to offer Citi Pay, a provider of point-of-sale financing and a unit of Citi Retail Services, to its merchant clients. Payment processor 100Group announced an expansion in motorsports with an agreement to process transactions for Tony Stewart Racing. SimplePin Inc., a payments platform specializing in the insurance industry, has …
December, 2023
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8 December
Navy Federal Credit Union Picks Alacriti for RTP Access
With real-time payments perhaps on the cusp of becoming an essential payment service, Navy Federal Credit Union, which rung up $2.7 million in real-time deposits on its first full day on the RTP network from The Clearing House Payments Co. LLC, is using Alacriti to connect to the network. Bridgewater, …
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8 December
With Time of the Essence, Arguments for And Against the CCCA Intensify
With Congress scheduled to adjourn Dec. 15, Sen. Dick Durbin, D-Ill., made a last-minute push on the Senate floor late Thursday, calling for a vote on the Credit Card Competition Act before adjournment. Durbin’s remarks, which also pushed back against arguments by card networks and card issuers that the proposed …
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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 …
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7 December
As International Travel Rebounds, Citcon Works With Alipay to Bring Alipay+ to U.S. Merchants
E-commerce wallet-technology provider Citcon USA LLC has partnered with Alipay to enable merchants in the United States to accept e-wallet payments from international travelers through the Alipay+ platform. Alipay+ is a cross-border mobile-payment platform that enables consumers traveling abroad to make purchases using a chosen payment method. The partnership marks …
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7 December
Amazon Drops Venmo Only a Year After Adding It As a Payment Method
Amazon.com will stop accepting Venmo for payments effective Jan. 10, according to news reports and a page on Venmo’s Web site. “Due to recent changes, Venmo can no longer be added as a payment method. Venmo will remain available to users who currently have it enabled in their Amazon wallet …
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7 December
SoundHound’s $25 Million Acquisition And Other Digital Transactions News briefs from 12/7/23
SoundHound AI Inc. said it will acquire SYNQ3 Restaurant Solutions, a voice artificial intelligence and technology provider for restaurants, in a deal valued at $25 million. Once completed, the deal will extend SoundHound’s services to 10,000 locations and more than 25 national and multinational chains. The deal is expected to close …
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6 December
Pidgin Partners With Modern Banking Systems to Bring Real-Time Payments to Small Banks
Payments-platform provider Pidgin Inc. will work with Modern Banking Systems, a provider of core bank-processing technology, in an effort to bring real-time payments capability to community banks. Pidgin’s platform supports real-time processing through multiple payment rails, including FedNow and The Clearing House Payments Co.’s Real-Time Payments network. The deal was …
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6 December
Software Firm Endava Signs on for an Integration With the Upcoming Paze Wallet
Paze, the upcoming digital wallet backed by banks, has lined up an integration with Endava plc, a software-development firm. Announced Wednesday, the integration, which will be available when Paze launches in 2024, means merchants that use Endava can offer the Paze online checkout. London-based Endava says the simplified checkout will …
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6 December
KyckGlobal’s Cash Bill-Pay Option And Other Digital Transactions News briefs from 12/6/23
Exceleron, a payments service for utility companies, said it is working with payments platform KyckGlobal to allow persons to pay a utility bill with cash at certain ATMs. Dash Solutions acquired KyckGlobal in August. Payments and loyalty platform Givex announced an integration with Uber Direct to enable merchants to add on-demand delivery service to …