Digital Transactions Authoritative, insightful and timely information for payments professionals
The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …
April, 2022
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21 April
Famous Dave’s Picks Presto and other Digital Transactions News briefs from 4/21/22
The Famous Dave’s chain of barbeque restaurants has chosen Presto as its exclusive provider of pay-at-table technology. The chain, which operates more than 150 locations, is a unit of BBQ Holdings Inc.Payments provider Fortis announced an integration with the Oracle Payment Interface for its hospitality and retail segments. The integration is expected to ease …
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20 April
Visa Ups Its Data Security Game by Spending $9 Billion In Five Years
Visa Inc. has spent more than $9 billion over the past five years to boost cybersecurity and reduce fraud, according to an announcement the network made in a blog post Tuesday. Of that amount, $500 million has been spent on artificial intelligence and data infrastructure. As a result of its …
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20 April
Half of Consumers Consolidate Their Financial Accounts into a Single View
Only 50% of consumers in a new MX Technologies Inc. report say they have used a single digital tool to view multiple financial accounts in one view. That means the other half has yet to do so, MX says. Lehi, Utah-based MX specializes in technology that provides access to divergent …
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20 April
Vail Resorts Picks Uplift for BNPL and other Digital Transactions News briefs from 4/20/22
Vail Resorts has selected buy now, pay later provider Uplift to allow Vail guests to pay for a pass over time with monthly installments.Discover Financial Services launched its Online Privacy Protection service on its mobile app. The service allows users of the Discover card and banking services to remove personal information from 10 …
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19 April
Crypto Gateway Data Mynt Gives the Bitcoin Lightning Network a Boost
Cryptocurrency payment gateway Data Mynt Inc. on Tuesday announced support for the Bitcoin Lightning Network. Data Mynt will facilitate payments to and from all Lightning Network-enabled wallets, such as Block Inc.’s Cash App and Strike. The Data Mynt gateway, which says it is agnostic as to wallet, asset, and blockchain, …
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19 April
Restaurant-Payments Startup GoTab Expands to the Northwest With Its PaySuite Partnership
The hospitality industry continues to heat up as a market for digital-payments processing and technology, attracting established players and startups alike. Early Tuesday, GoTab Inc. said it is working with business-software firm PaySuite to sell its services to restaurants in the Pacific Northwest. The first installation is a food hall …
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19 April
MyPINPad In Merger and other Digital Transactions News briefs from 4/19/22
MyPINPad, a provider of mobile-based payment acceptance, has agreed to merge with SmartPesa, a payments-technology provider. Terms were not announced.Fintech AppTech Payments Corp. has agreed to acquire Hothand Inc., a patent-holding company that owns intellectual property in mobile credit and debit transaction technology as well as other fields. The purchase involves transfer …
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18 April
As Regulators Close in, Experts Start to Fill in a ‘Legal Gray Space’ for BNPL
Despite predictions that buy now, pay later loans will account for $680 billion in transactions by 2025, or about 12% of all e-commerce sales, the industry remains on a potential slippery slope when it comes to consumer protections, says a paper issued Monday by the Mossavar-Rahmani Center for Business and Government at …
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18 April
Interchange Increases Will Exacerbate Inflation, a Growing List of Merchant Groups Contend
One of the country’s biggest merchant associations on Monday joined a growing chorus of voices arguing fee increases planned by the major card networks for this month will exacerbate inflation. “American consumers are struggling under the worst inflation in four decades, and these increases would only make the situation worse,” …