Digital Transactions Authoritative, insightful and timely information for payments professionals
In a move to streamline its payment options for enterprise clients in the United States and Canada, Belgium-based omni-commerce logistics provider Radial Inc. is rolling out Adyen for Platforms, Adyen NV’s end-to-end payment solution for peer-to-peer marketplaces, on-demand services, and crowdfunding platforms. Adyen for Platforms is aimed at enabling platform …
May, 2022
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25 May
Five-Year-Old Paysend Looks to a Big Year After Its Expansion to 7 Million Users
Digital alternatives to the long-time money-transfer services from The Western Union Co. and MoneyGram International Inc. are developing fast, a fact underscored by an announcement Tuesday by Paysend Group that its user count in the U.S. market now stands at more than half a million, up by two-thirds over the …
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25 May
Paddle Acquires Profitwell for $200 Million and other Digital Transactions News briefs from 5/25/22
Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …
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24 May
E-commerce Sales Through Marketplaces Are on a Roller Coaster Ride
The wave that lifted sales through e-commerce marketplaces during the initial stages of the Covid-19 pandemic is losing energy, according to data from Extensiv, a provider of omnichannel fulfillment solutions. Growth in average orders per merchant through Shopify Inc. has decreased 12% year to date, while other marketplaces—including eBay, Etsy, …
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24 May
Mastercard’s Cyber Front and other Digital Transactions News briefs from 5/24/22
Mastercard Inc. launched Cyber Front, a platform aimed at helping businesses and governments combat online intrusions through the simulation and assessment of cyber attacks.MoneyGram International Inc. said its shareholders have approved a previously announced, $1.8-billion acquisition by private-equity firm Madison Dearborn Partners LLC. The merger is expected to close in the fourth …
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23 May
COMMENTARY: It’s Time Business Payments Modernized Like Consumer Payments Did
Using services like Zelle, Cash App, Venmo, and PayPal is a no-brainer when it comes to making payments in our personal lives. In fact, 94% of Millennials, 88% of Gen Xers, and 87% of Gen Zers are using payment apps in place of cash and credit cards. Now there’s a …
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23 May
Eye On Restaurant POS: New Tech From Toast, Squirrel System, Revel Systems, And Tray
As restaurants bounce back from the major blow delivered at the outset of the Covid 19 pandemic, restaurant point-of-sale technology has become a competitive advantage. The trend is evidenced by new applications from several restaurant POS technology providers, announced over the weekend, along with deals they are cutting with third-party …
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23 May
Social Life Blends QR Codes With Crypto to Spark Mobile Payments for Retail Niches
Two of the busiest trends in payments are quick-response (QR) codes and cryptocurrency, and now payments players are finding ways to blend the two. Social Life Network Inc. on Friday said its Decentral Life unit has added a QR code application for its platform supporting digital wallets and payments. The …
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23 May
EVO Payments Acquires North49 and other Digital Transactions News briefs from 5/23/22
Payments provider EVO Payments Inc. announced it has acquired North49 Business Solutions Inc., to enable integrated payment services for businesses using the Sage accounting system. Terms were not announced.Restaurant specialist SpotOn released a report on the impact of inflation on restaurants that found the biggest average price increase was in seafood restaurants, up 19% …
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20 May
Open Banking in the U.S. Is Moving Ahead, But Not Without Some Debate About Standards
With open banking fast becoming the backbone of today’s payments landscape, the need for an industry standard to ensure protection of consumer data is moving front and center. In the United States, where no such standard currently exists, the payments industry is at odds over whether the country should adopt …