Digital Transactions Authoritative, insightful and timely information for payments professionals

October, 2021

• 19 October

  Intuit Expands Its Payments Reach to Small Businesses And Takes Aim At Square

  

  Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …
• 19 October

  B2B and Health-Care Payments Help Drive a Robust Quarter for the ACH

  Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …
• 19 October

  Paysafe Relaunches its Partner Program and other Digital Transactions News briefs from 10/19/21

  

  Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …
• 18 October

  Mastercard And Previse Team Up to Enable Same-Day Cross Border Payments

  

  The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform.  The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …
• 18 October

  Visa’s Latest Debit Card Perk Is Eligibility for ReadyLink, its Prepaid Reload Network

  

  In a move aimed in part at accommodating digital-only financial institutions, Visa Inc. on Saturday opened its ReadyLink prepaid top-up network for the first time to debit cards. “The expansion makes Visa ReadyLink available to all consumer and business debit cards. The service is optional and issuers need to opt-in,” …
• 18 October

  Fiserv Acquires BentoBox and other Digital Transactions News briefs from 10/18/21

  

  Fiserv Inc. announced the acquisition of BentoBox, a specialist in online restaurant platforms and technology. BentoBox serves more than 14,000 restaurant locations. Terms were not disclosed.Mindbody, a payments and technology platform for the fitness industry, announced it has closed on its acquisition of ClassPass, a monthly subscription service also focused on …
• 15 October

  Your Checkout Experience Could Be Killing Your Bottom Line

  

  By: Kat Ambrose Early in the COVID-19 pandemic, retailers shifted focus to e-commerce. Despite the world gradually returning to in-person experiences, online shopping continues to grow exponentially. In fact, the e-commerce industry is projected to grow from $4.28 trillion this year to $6.39 trillion in 2024. With more people online …
• 15 October

  MagicCube Pockets a $15-Million Round As Device Shortages Spark Interest in Its Technology

  

  The global shortage of semiconductor chips that’s plaguing the makers of point-of-sale terminals and other payment devices has left at least one technology firm sitting pretty, its founder and chief executive says. “It’s wind in our sails,” says Sam Shawki, chief executive of MagicCube Inc. That’s because MagicCube’s technology enables …
• 15 October

  Bakkt Acquisition a Step Closer and other Digital Transactions News briefs from 10/15/21

  

  VPC Impact Acquisition Holdings, a special-purpose acquisition company, announced its shareholders approved VPC’s acquisition of Bakkt, thus taking the digital-asset marketplace public.Payments-technology provider Worldnet Payments said it is the first integrated payments platform to complete a Level III EMV and contactless certification of Ingenico’s Self Series of devices. Ingenico is a unit of Worldline S.A.Payments …
• 15 October

  Plaid Announces New Tools to Make It Easier for Developers to Scale Faster

  

  As part of its strategy to support application developers, open-banking platform provider Plaid Inc. this week introduced at its developer conference several tools to help developers create a broader range of financial technology applications regardless of the programming language developers use. The new suite of tools include Plaid Pattern apps, which …