Digital Transactions Authoritative, insightful and timely information for payments professionals
The big processor Fiserv Inc. said Wednesday morning it will offer so-called programmable payments to its financial-institution clients through a partnership with IncumbentFI, a San Francisco-based technology provider. The technology allows cardholders to attach a variety of funding sources to a single card and choose one for individual transactions. In …
October, 2022
-
19 October
SpotOn Beefs up Restaurant Services And Other Digital Transactions News briefs from 10/19/22
SpotOn, a payments provider specializing in the restaurant industry, launched Experiences by SpotOn Reserve, a reservation and waitlist platform.Checkout.com launched Fraud Detection Pro, aimed at helping online merchants combat bot attacks, account takeovers, synthetic identities and other newer fraud technologies.Payments provider Paysafe Ltd. said it will support payments for U.S. hotels via a …
-
18 October
Pursuing a Single-View Strategy, Square Adds Two New Apps for Square Terminal
Square, the payment-processing unit of San Francisco-based Block Inc., has unveiled two new apps for Square Terminal. The new apps, Square for Retail and Square Appointments, enable merchants to accept payments, returns, exchanges, and inventory inquiries at the counter, on the sales floor, curbside, or by opening another checkout counter …
-
18 October
Recurly Adds a Ramp Feature to Its Subscription Pricing Model
Clients using Recurly Inc. to manage their subscription-pricing models have a new feature to use. Recurly on Tuesday launched a ramp-pricing model that enables its clients to dynamically increase or decrease pricing within their subscriptions. This is in addition to the fixed, one-time, usage-based, tiered, volume, stairstep, and hybrid models …
-
18 October
FTC Probes Tokens and Routing And Other Digital Transactions News briefs from 10/18/22
The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …
-
17 October
Green Dot’s Henry Gone as the Prepaid Card Provider Appoints CFO as New CEO and President
Dan R. Henry, who took over as chief executive and president, from Green Dot Corp. founder Steven Streit in March 2020, is out. Green Dot announced Monday Henry, who previously held executive positions at Euronet Worldwide and Netspend, was “terminated” Oct. 14. That’s when Austin, Texas-based Green Dot named George …
-
17 October
More Than a Checkout Tool: PayPal’s App Ties in Discounts And Rewards More Tightly
PayPal Holdings Inc. has been on a drive for some time to reinforce consumer engagement with its products, and early Monday it launched its latest gambit to spur interactions with its still relatively new app. The so-called super app, launched a year ago, now includes a direct connection with Honey, …
-
17 October
Pay With Karma Debuts And Other Digital Transactions News briefs from 10/17/22
Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …
-
14 October
Samsung Eyes 13 New Markets for Samsung Wallet
Consumer electronics giant Samsung Electronics is looking to expand to 13 new markets for its Samsung Wallet service. Announced Friday, the expansion of the digital-wallet platform will more than double its presence from the eight nations where it is already available. Samsung Wallet is the new brand for the combined …
-
14 October
In the Wake of a Senate Probe of Zelle Fraud, the Network’s Parent Issues a Pointed Defense
The controversy regarding fraud and scams on the Zelle peer-to-peer payment network reached a new level on Thursday with a short statement from Early Warning Services LLC, the bank-owned company that operates Zelle, referring to “misleading reports of fraud and scams” on the network and “incomplete” external analysis from outside …