Digital Transactions Authoritative, insightful and timely information for payments professionals
Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says. Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …
November, 2021
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16 November
Square Extends Its Marketing Tools to Sellers in Canada As Markets ‘Return to a New Normal’
One of Square Inc.’s priorities these days is to sell its point-of-sale and online technology to merchants larger than the small shops it started with and still largely serves, but that doesn’t mean the San Francisco-based company is neglecting new opportunities with that small-merchant base. One such opening lies in …
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16 November
EVO Notes Oracle Integration and other Digital Transactions News briefs from 11/16/21
EVO Payments Inc. reached an agreement with Oracle that will see EVO able to enable Oracle’s enterprise payment services to EVO’s hospitality and retail merchants. EVO will be able to offer its acquiring services to Oracle customers. EVO also will develop a direct integration to the Oracle Payments Interface, which provides …
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15 November
ACI’s Network Intelligence Technology Takes Aim at Real-Time Payments Fraud
As criminals increasingly target real-time payments networks with fraud scams, ACI Worldwide Inc. on Monday announced the launch of its proprietary Network Intelligence Technology as part of its ACI Fraud Management platform. The new technology enables banks, processors, acquirers, and networks to augment fraud-prevention strategies by allowing them to share …
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15 November
Look for a Fast Expansion of In-Car Payments Over the Next Five Years, Juniper Says
One of the most prominent examples of the so-called Internet of Things is the ability to make payments from the dashboard of a car, no mobile device needed. And now a forecast has arrived indicating the number of such transactions worldwide will balloon from 87 million this year to 4.7 …
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15 November
Western Union Taps Fiserv Exec as CEO and other Digital Transactions News briefs from 11/15/21
The Western Union Co. named Devin B. McGranahan as its new chief executive, replacing Hikmet Ersek, who is retiring at the end of 2021. Ersek’s 21-year Western Union career includes the past 11 years as CEO. McGranahan comes to the money-transfer giant from processor Fiserv Inc. where he most recently was …
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12 November
Western Union Deepens Its Mastercard Integration With Send And Cross-Border Additions
The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …
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12 November
Crypto Platform Bakkt Reports 38% Revenue Jump and other Digital Transactions News briefs from 11/12/21
Cryptocurrency platform Bakkt Holdings Inc. reported $9.1 million in revenue for the quarter ended Sept. 30, up 38% year-over-year. The company’s net loss expanded 61% to $28.8 million. Bakkt has recently formed partnerships with Mastercard Inc. to allow banks to issue crypto-linked credit and debit cards and with Fiserv Inc. for a future integration …
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11 November
Veem Launches a Program to Help Developers Embed Veem Applications in Their Software
As small and medium businesses shift more of their operations online, the need for financial products with embedded payment solutions is growing. To make it easier for providers of banking and financial software providers to offer embedded payment solutions to small and medium businesses, Veem Inc. on Thursday announced its …
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11 November
Wallet Weakness Hammers Paysafe As It Reports Progress in North American Online Gaming
Regulatory changes in its European market have hammered Paysafe Ltd.’s digital wallets, chopping the company’s quarter-to-quarter payments volume and revenue and forcing its top executives to spend a good deal of time Thursday morning explaining the impact to stock analysts. “We are facing challenges in our digital-wallet business. It’s performing …