Digital Transactions Authoritative, insightful and timely information for payments professionals
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
May, 2022
-
9 May
Paysafe Expands Its iGaming Footprint in The U.K. And Europe in a Deal With Playtech
Focused on iGaming as a growth strategy, Paysafe Ltd. announced Monday it is expanding its relationship with Playtech plc, a provider of gambling software, to the United Kingdom and Europe. The deal builds off the two companies’ existing relationship in United States. The deal will allow iGaming operators in the U.K. …
-
9 May
Bigger Tickets, Savvier Consumers, Higher Losses: It’s All Part of BNPL 2.0, Some Say
At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
-
9 May
Fiserv Adds Loyalty Option and other Digital Transactions News briefs from 5/9/22
Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …
-
6 May
A Pickup in Cash App Usage Helps Propel Block’s First-Quarter Results
Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …
-
6 May
Card Spending Increased 13% in April and other Digital Transactions News briefs from 5/6/22
Bank of America Institute reported that credit and debit card spending by BofA credit and debit cardholders increased 13% in April compared to the same month in 2021. Credit card dollar volume rose 22%, while spending on debit cards was up 6%. Combined transactions increased 8%.Some 43% of consumers would use …
-
6 May
COMMENTARY: Small Business Revenues Are Up, But New Challenges Emerge
Kabbage from American Express has been tracking recovery trends and the growth outlook for U.S. small businesses. Polling 563 small-business leaders, our latest installment exhibits how small businesses are adapting to a shifting market as they look beyond pandemic-wrought challenges, adjust for inflation, and modify hiring approaches. Small businesses are preparing …
-
5 May
Lightspeed Leverages a Single Platform That Enables POS And E-Commerce Payment Channels
Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions. The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …
-
5 May
Interchange ‘Not Entirely’ Partisan and other Digital Transactions News briefs from 5/5/22
The Judiciary Committee of the U.S. Senate heard testimony Wednesday from witnesses both for and against regulation of credit card interchange. Speakers represented a supermarket chain, merchant groups, Mastercard and Visa, and a bank. The hearing showed that “while more Democrats than Republicans likely would support greater intervention in the …
-
5 May
Stripe Launches Financial Connections, Opening the Door Wider to Open Banking
The big payments fintech Stripe Inc. extended its reach into the world of open banking late on Wednesday with the launch of Stripe Financial Connections, an application that allows businesses to establish direct connections with their customers’ bank accounts. The new application will enable businesses to verify accounts for payments …