Digital Transactions Authoritative, insightful and timely information for payments professionals
The pandemic has lent momentum to a number of trends in digital payments, but one of the biggest is the buy now, pay later option. It shouldn’t be surprising, then, that providers of the service are now looking to sell the service to merchants of all sizes through the acquiring …
December, 2021
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10 December
Corcentric To Go Public and other Digital Transactions News briefs from 12/10/21
Corcentric, a business-to-business payments provider, said it will go public via a merger with North American Merger Corp., a special purpose acquisition company. The company’s network supports more than 450,000 buyers and more than 1.4 million suppliers and processes more than $100 billion in volume annually.Chainalysis, a provider of blockchain …
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9 December
When It Comes to Payments, Consumers Stress Convenience And Multiple Options, Square Says
As merchants continue to evolve their business model during the Covid-19 pandemic, they are discovering that consumers want convenience and multiple options when it comes to paying for purchases. While credit cards remain consumers’ preferred method of payment, contactless options are a close second, according to Square Inc.’s second annual “The …
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9 December
Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments
Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
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9 December
BP Testing Self-Checkout Tech And Other Digital Transactions News Briefs 12/9/21
Fuel retailer BP is installing automated checkout technology from Grabango in 10 convenience store locations, Grabango announced. Seven AMPM stations in California and three Amoco stores in Pennsylvania will have the technology operational by mid-2022. Consumers use a Grabango app to shop and pay without queuing for a checkout lane.Buy now, pay later provider Klarna …
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8 December
BofA Introduces a Zelle Widget to Help Veil Account Details for P2P Transfers
To make it more convenient for its customers to send money using Zelle, the major peer-to-peer payment network operated by Early Warning Services LLC, Bank of America Corp. has developed a Zelle widget that can be added on the home screen of a mobile device. The widget will take BofA …
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8 December
Eye on Crypto: Visa Launches a Consulting Unit; Nextech Links to Coinbase for Acceptance
With interest in cryptocurrency increasing at the two major card networks, it was only a matter of time before one of them launched a consulting service specializing in the subject. Visa Inc. early Wednesday announced it is launching its Global Crypto Advisory Practice as part of its existing Visa Consulting …
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8 December
57% Use App for Takeout Food and other Digital Transactions News briefs from 12/8/21
A report from consulting firm Deloitte found that 57% of consumers use a digital app to order restaurant food for off-premise dining, up from 54% in 2020. Even for ordering in a restaurant, 64% of consumers prefer to place their order digitally, up from 53% last year. The survey of 1,000 consumers …
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7 December
Eye on BNPL: Klarna And Marqeta Expand in Europe, And Afterpay Brings BNPL To Belk
Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …
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7 December
With At-Pump EMV a Work in Progress, Providers Look to Mask Card Transactions With Encryption
The switchover of gasoline stations in the United States to the EMV chip card standard has been a work in progress, but now products are emerging that can secure card data at the pump through a technology known as point-to-point encryption. Payments provider ACI Worldwide Inc. early Tuesday said it …