Digital Transactions Authoritative, insightful and timely information for payments professionals

September, 2022

• 26 September

  PNC Jumps Into Restaurant POS Systems With Its Acquisition of Linga

  

  Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …
• 26 September

  One More Thing? Apple Pay Later’s Debut Is Still Pending

  

  Apple Inc.’s latest financial product, a buy now, pay later service called Apple Pay Later, has yet to arrive, though the iPhone operating system it was expected to require launched Sept. 12. Why is that? One Bloomberg columnist suggests Apple Pay Later, which was announced in June, may not arrive …
• 26 September

  Humbl’s Integration With GreatFoods2Go And Other Digital Transactions News briefs from 9/26/22

  

  Mobile-wallet developer Humbl Inc. announced an integration with food-delivery platform Great Foods2Go that will include the integration of Humbl’s Humbl Wallet, Humbl Pay, Humbl Search Engine, and Humbl Marketplace capabilities.Bank of America announced it has added a sign-in capability by QR code for its CashPro platform, a payments utility for client companies. The …
• 23 September

  Blackhawk Teams With Fashion Merchant H&M for B2B Gift Cards

  

  Fashion retailer H&M Hennes & Mauritz LP has partnered with the payments platform Blackhawk Network to offer business-to-business gift cards. H&M is expected to use the cards as employee and consumer incentives. “As our gift card program has continued to evolve, it has become a significant driver of sales for …
• 23 September

  Eye on BNPL: Square’s Afterpay Marks Canada Debut; Allegiant Taps Uplift

  

  Square, the payment-processing unit of Block Inc., is integrating its Afterpay buy now, pay later service into its e-commerce products across Canada. Meanwhile, airline Allegiant introduced Allegiant Pay Powered by Uplift for flights, hotels, and car-rental bookings made by its customers. Uplift is a travel-specific buy now, pay later provider. …
• 23 September

  Finastra Adds Visa Direct for Payouts And Other Digital Transactions News briefs from 9/23/22

  

  Financial-technology provider Finastra said it is incorporating Visa Direct, a real-time push-payment capability developed by Visa Inc., as a cross-border payout offering for banks.Coinsquare, a crypto asset trading platform based in Canada, said it has agreed to acquire Simply Digital Technologies Inc., owner of the CoinSmart trading platform and a unit of …
• 22 September

  Four Trends Are Affecting U.S. Retail, a Checkout.com Report Finds

  

  Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …
• 22 September

  Nacha Issues a New ‘Framework’ Aimed at Shifting Industry Emphasis to Credit Push Frauds

  

  As payments fraud grows more threatening by the year, a report on Thursday from the governing body for the automated clearing house network recommends the payments industry shift its emphasis from combatting unauthorized debits to preventing crimes involving credit payments. Dubbed a “new risk-management framework,” the recommendation issued by Nacha …
• 22 September

  Affirm, Amazon Mark Canada Expansion And Other Digital Transactions News briefs from 9/22/22

  

  Affirm Inc. expanded its installment payment service with Amazon.com Inc. to consumers in Canada.Digital personal finance provider Achieve said the percentage of Achieve users with buy now, pay later accounts on their credit reports grew 58% in June compared to January 2021.The “2022 State of Credit” report from Marqeta Inc. found that 64% of BNPL users reported …
• 21 September

  Galileo Teams With DataVisor to Launch All-in-One Fraud Detection Beyond Credit Cards

  

  Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …