Digital Transactions Authoritative, insightful and timely information for payments professionals
Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
December, 2021
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22 December
Community Banks Launch Chuck, Their Own Peer-to-Peer Payments Network
A new competitor in the peer-to-peer payments landscape emerged Wednesday with the introduction of CHUCK, an open-loop P2P network founded by 10 community banks. The new network uses technology from digital payments platform provider Payrailz that enables customers of any of the member banks to send money to a debit card …
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22 December
Fingerprint Signs a Deal to Bring Its Iris-Recognition Tech to Devices From Indian Firm Mantra
Fingerprint Cards AB early Wednesday said it has agreed to provide iris-recognition technology to Mantra Softech India Pvt Ltd., said to be the largest provider in India of biometric devices and sensors. Terms of the multi-year contract were not disclosed. Under the terms of the deal, Mantra will deploy the …
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22 December
Mastercard Acquires Dynamic Yield and other Digital Transactions News briefs from 12/22/21
Mastercard Inc. said it is acquiring Dynamic Yield, a data personalization platform, from McDonald’s Corp. Terms of the deal were not disclosed.The University of Kansas has agreed to support the Passport app to pay for parking at 3,600 spaces across the campus. More than 800 cities, universities, and private operators now deploy Passport, …
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21 December
Eye On Crypto: BitPay Waives Card Fees for Crypto Purchases, Humbl Adds an ACH Integration
To make cryptocurrency more accessible to the general public, BitPay Inc. on Tuesday announced a limited-time promotion with Simplex, a fiat-to-cryptocurrency gateway, to waive fees when BitPay wallet users purchase crypto using a credit or debit card. BitPay wallet users can buy the currency using the BitPay debit card or …
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21 December
Ransomware May Be Terrorism, But Security Pros Differ Markedly in How to Deal With It
Security professionals around the world equate ransomware attacks with terrorism, but they differ markedly from country to country in their willingness to play ball with the attackers. That’s according to survey results released Tuesday that gathered data from more than 1,500 security executives in the United States, the United Kingdom, …
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21 December
Affirm Adds Two More Merchants and other Digital Transactions News briefs from 12/21/21
Buy now, pay later provider Affirm Inc. signed electronics retailer Newegg Commerce Inc. and The Passport Place, a travel document consultant, as new merchants.Payments platform Mogo Inc. said it has received regulatory approval in Canada to launch MogoTrade, a commission-free stock-trading service.Visa Inc. announced it has closed on its acquisition of Currencycloud, a provider of cloud-based technology …
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20 December
In a First, Equifax Adds BNPL Payment Data To Credit Reports
To help buy now, pay later lenders better manage the risk associated with each applicant, Equifax Inc. on Monday announced it will begin in 2022 including BNPL payment data in consumer credit reports. To report the data, Equifax has created a new code to designate BNPL tradelines in consumer credit …
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20 December
Cerence Moves a Step Closer to AI-Based In-Car Ordering and Payments
Get ready for even more sophisticated in-car virtual assistance. Cerence Inc., which develops in-car virtual technology, has launched Co-Pilot, its advanced assistant that uses artificial intelligence and vehicle integration to help with such tasks as ordering and paying for a coffee while a mile away. Cerence says its technology—it has …
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20 December
Taptap Send Raises $65 Million and other Digital Transactions News briefs from 12/20/21
Taptap Send, a startup providing instant-payment capability for cross-border transfers, announced a $65-million Series B funding round led by Spark Capital. Its total financing now tops $80 million.Humboldt State University will adopt the Passport Parking app for on-campus parking beginning Jan. 18, announced Passport Parking.The Center for Advanced Facial Plastic Surgery said …