Digital Transactions Authoritative, insightful and timely information for payments professionals
The world of global payments is undergoing major changes as new technologies and players enter the payment space. While banks and financial institutions have historically dominated international payments, we are seeing new innovations and non-traditional competitors redefine how money moves across the globe. In recent years, the entire payments chain …
September, 2023
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29 September
TNS Lines up 1,500 ATMs Contract And Other Digital Transactions News briefs from 8/29/23
U.S.-based network-management company Transaction Network Services said its technology will manage connectivity for Spain-based Euro Automatic Cash, a network of 1,500 ATMs. Tiptap, a donation platform, said it will enable Visa member financial institutions to offer customers a platform to make small donations to community charities while they are performing routine banking …
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28 September
Shift4 Looks to Bring Amazon’s Just Walk Out Checkout to Stadiums And Other Venues
Shift4 Payments Inc. announced Thursday it is integrating Amazon.com Inc.’s Just Walk Out technology into its VenueNext application for sports stadiums and other arenas. The big payments processor says it will introduce the checkout system at the United Center in Chicago, a venue where Shift4 already provides processing for purchases …
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28 September
Eye on POS: Olo Adds AI-Based Voice Ordering, And an International Restaurant Group Taps Lightspeed
Unceasing competition for restaurant payments revenue has spurred two developments among point-of-sale system makers catering to the segment. Santa Clara, Calif.-based SoundHound AI Inc. says Olo, a New York City-based hospitality specialist, will make SoundHound’s voice-ordering service, which relies on artificial intelligence, available to its approximately 77,000 merchant locations. When …
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28 September
Visa Alters Chargeback Rules And Other Digital Transactions News briefs from 9/28/23
Visa Inc. says a change to its dispute rules and processes will make it easier for merchants to fight so-called friendly fraud in card-not-present transactions. With such fraud, cardholders dispute legitimate transactions to claim a refund. Payments provider Deluxe Corp. will offer bill-payment technology from Aliaswire Inc. to its banking clients through a new …
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27 September
J.P. Morgan Agrees to Provide Account Validation to Prevent Wayward Treasury Department Payments
The United States Treasury Department has selected J.P. Morgan to provide account-validation services to federal-government agencies when they disburse funds to consumers. Under the terms of the five-year contract, which was awarded after a competitive selection process, the banking giant will validate the accounts of consumers receiving payments from federal …
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27 September
Eye on Restaurants: Inspire Turns to Fiserv; Shift4 Picks SkyTab Rescue Mission Winners
The hotly contested restaurant point-of-sale market shows no signs of cooling off. Inspire Brands Inc., a global restaurant chain that is home to Arby’s, Baskin-Robbins, Dunkin’, and four other brands, has expanded its work with processor Fiserv Inc. with the goal of unifying in-store, in-app, and online transactions for more …
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27 September
The Fed on Request for Payment And Other Digital Transactions News briefs from 9/27/23
The Federal Reserve issued a set of market practices, or a kind of blueprint, as part of an effort to introduce standards for a request for payment function for bill pay on the regulator’s FedNow real-time payments service, which launched nationwide in July. Block Inc.’s Square point-of-sale unit launched Tap to Pay on Android …
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26 September
Eye on Crypto: A MoneyGram Launch; Wirex Partners With OnRamper; Bitget Lists PayPal’s Stablecoin
MoneyGram International Inc. announced Tuesday it will launch in the first quarter next year a non-custodial digital wallet that will support stablecoins. The wallet’s support of stablecoins—digital currency tied to the value of a national fiat currency, such as the dollar— will enable consumers to move from fiat currency to …
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26 September
Eye on Block: Citcon Adds Cash App Pay and Afterpay; Square’s New Sales Features Target Holiday Shopping
Citcon USA LLC, an e-commerce wallet-technology provider, is adding Block Inc.’s Cash App Pay and Afterpay buy now, pay later payment methods to its inventory of merchant options. In related news, Block’s Square point-of-sale unit is bolstering merchant selling tools with new online features. Citcon’s integration of Cash App Pay, …