Digital Transactions Authoritative, insightful and timely information for payments professionals

September, 2021

• 7 September

  How the Latin American Market Has Hit the Radar Screen for Major Processors

  

  North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 …
• 7 September

  PopID Plans College Campus Expansion and other Digital Transactions News briefs from 9/7/21

  

  PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …
• 3 September

  Cantaloupe Reports Record Quarterly Revenues As Acquisitions And New Signings Kick in

  

  Vending-payment specialist Cantaloupe Inc. on Friday reported record revenue of $49 million for the June quarter, a 50.2% increase over the same period a year earlier, and a 14.6% increase from the same period in 2021.  Equipment revenue totaled $10.8 million during the quarter, a more than 100% increase from …
• 3 September

  AmEx Deepens Its Ties in China Via an Acquiring Agreement With Leshua Technology

  

  U.S. payments networks continue to cultivate their connections to what is for them a potentially massive market in China. In the latest development, Leshua Technology announced early Friday it will support acquiring for American Express Co.’s joint venture in China.  AmEx last year became the first foreign payments company to win …
• 3 September

  Biometric ID Checks Swell as Digital Payments Grow and other Digital Transactions News briefs from 9/3/21

  

  Accelerated adoption of digital payments during the pandemic helped drive up biometric identity checks by a factor of 20 for ComplyCube in the first half of the year compared to the same period in 2020, said the company, which specializes in anti-money-laundering and know-your-customer compliance.Park Place Payments said it signed with acquirer Payroc …
• 2 September

  The United Kingdom’s Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market

  

  Zilch Technology Ltd. is preparing to become the latest entrant in the U.S. buy now, pay later market. The move hinges on the London-based company’s acquisition of San Francisco-based debt-funding platform Neptune Financial & Management Services LLC (NepFin), a deal Zilch announced on Thursday. The terms were not disclosed. The …
• 2 September

  Walgreens Moves into Banking With Its Scarlet Bank Account And Debit Card Debut

  

  Giant pharmacy chain Walgreen Co. is getting into the banking and debit card business with the launch of Scarlet. Announced Thursday, Scarlet is a Mastercard-branded debit card issued by MetaBank. InComm Payments provides the system for the account. Scarlet works like most bank accounts and is designed to help accountholders …
• 2 September

  Subscription Fees Are up 15% and other Digital Transactions News briefs from 9/2/21

  

  U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
• 1 September

  Adoption of The Financial Data Exchange’s API Surges To New Heights

  

  The Financial Data Exchange (FDX), a non-profit standards body for providers of open-banking and open-finance applications, announced on Wednesday that the number of consumer accounts using its application programming interface has swelled to 22 million, up from 16 million in April, an increase of more than one million accounts per …
• 1 September

  Eye on ACH: Same-Day Transactions Soar; Certegy’s Mobile Remote Capture for Vendors

  Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …