Digital Transactions Authoritative, insightful and timely information for payments professionals
Silvergate Capital Corp. late Monday confirmed widespread reports that it has acquired assets from the stablecoin venture Diem Group. The deal, valued at $182 million in cash and stock, includes Diem’s intellectual property and “other technology assets related to running a blockchain-based payment network,” according to the announcement. The La …
February, 2022
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1 February
Trust Payments Acquires Retail Tech Firm and other Digital Transactions News briefs from 2/1/22
Trust Payments Ltd., a payments provider in the U.K., European Union, and U.S. markets, announced it has acquired retail-technology company WonderLane Solutions Ltd. Terms were not announced.In related news, Trust Payments is the first client to go live on a payments platform created by cryptocurrency specialist Ripple Labs Inc. and Moduir Finance …
January, 2022
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31 January
Eye On Restaurant POS: Full-Service Eateries Rebound As They Adopt New Payments Tech
Full-service restaurants, one of the hardest-hit merchant segments at the outset of the Covid-19 pandemic, showed signs of a rebound in 2021, according to research by TouchBistro Inc., a provider of POS and restaurant-management applications. Findings from TouchBistro’s third annual “State of Full-Service Restaurants Report” reveals that 74% of full-service restaurants …
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31 January
Digital ID Firms Will Cash in As Consumers Pour into Online Commerce, Juniper Projects
Consumers worldwide went online in unprecedented numbers following the onset of the pandemic, but along with that trend comes an increasing need to establish the identities of users, according to a report issued Monday by Juniper Research. As a result, revenue for companies around the world that develop technology that …
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31 January
85% Cite Real-Time Payments as Critical and other Digital Transactions News briefs from 1/31/22
A survey of 260 corporate executives found that 85% said the availability of real-time payments is the most important factor when choosing a bank partner, said Citizens Financial Group Inc.Mozper, a contactless card intended to help educate children on responsible payments, launched in Brazil on the Visa Inc. network.A mobile-commerce startup …
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28 January
QR Code Transactions Are on the Rise, But Now So Are Concerns About QR Code Fraud
With the Covid-19 pandemic helping fuel broad adoption of Quick Response codes by merchants for payments and ordering, it was only a matter of time before criminals exploited the contactless technology. Fraudsters are creating fake QR codes that, when scanned, take consumers to a bogus landing page that collects payment …
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28 January
The Fed Releases Some FedNow Fees and other Digital Transactions News briefs from 1/28/22
The Federal Reserve’s FedNow real-time payments platform will charge a monthly $25 participation fee for each receiving routing transit number, 4.5 cents per credit transfer to be paid by sender, and a penny for a request for payment message, paid by requestor. The Fed expects to release a full fee schedule later this …
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28 January
A Re-Energized Visa Sees Growth Coming From ‘BNPL, Crypto, And Wallets’
Visa Inc.’s top executives made it plain Thursday afternoon that the story of the company’s growth into the near future is threefold, including cryptocurrency, cross-border transactions, and the buy now, pay later trend. “Visa is enabling scale for BNPL, crypto, and wallets,” Visa chief executive Alfred Kelly told equity analysts …
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27 January
MagicCube Launches Its Cloud-based Acceptance Platform For Mobile Devices
The vision of turning mobile devices into tap-and-go POS terminals took a big step forward Thursday as MagicCube Inc. announced i-Accept Cloud, an open, cloud-based softPOS acceptance platform. i-Accept Cloud is expected to simplify the creation of new merchant payment acceptance and digital commerce solutions. By connecting the currently siloed …
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27 January
Mastercard: All in on Open Banking, But Not on Amazon’s Fee Dispute With Visa
Top executives at Mastercard Inc. made it plain early Thursday the card network is determined to develop its account-to-account payment capabilities, while maintaining its distance from the dispute between its rival Visa Inc. and the e-commerce juggernaut Amazon.com Inc. over transaction pricing. “That’s fundamentally a question for Visa and Amazon,” …