Digital Transactions Authoritative, insightful and timely information for payments professionals
While the two global payments networks have been embroiled in a controversy over merchant debit card fees in the U.S. market, they also face trouble in the United Kingdom over an even bigger issue: credit card interchange fees. That fact was thrown into relief early Thursday when Reuters reported the …
August, 2021
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19 August
Boku M-Payments Network Spans 90 Countries and other Digital Transactions News briefs from 8/19/21
Boku Inc. launched what it says is the world’s largest mobile-payments network. The M1ST Payments Network reaches 5.7 billion mobile-payment accounts in 90 countries and offers more than 330 payment methods, the company says.Global payments provider Adyen NV said Just Eat Takeaway.com, an online food-delivery marketplace, will issue its prefunded Takeaway Pay Card …
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18 August
PayPal Ups the Ante in Buy Now, Pay Later By Dropping Late Fees
With the popularity of the buy now, pay later alternative growing, especially for online purchases, PayPal Holdings Inc. announced Tuesday it will no longer charge late fees for missed payments on its installment products in the United States, the United Kingdom, and France, effective Oct. 1. PayPal has already eliminated …
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18 August
Fiserv’s Carat Adds PayPal And Venmo As Payout Options
Carat, Fiserv Inc.’s digital payout service, has broadened the number of accounts payments can be sent to with the addition of PayPal Holdings Inc. and Venmo. Carat payouts already can be sent to a credit or debit card, via automated clearing house to a bank account, to a prepaid card, …
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18 August
Visa’s BNPL API Launches and other Digital Transactions News briefs from 8/18/21
Visa Inc. rolled out its buy now, pay later application programming interface technology to allow merchants to integrate the BNPL functionality more quickly. Visa is working with payments provider i2c in the rollout.In related news, buy now, pay later specialist Klarna AB announced it has launched in Poland with H&M, a Sweden-based clothing …
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17 August
Pulse Debit Study: Online And Contactless Usage Surges While Wallets Assert Themselves
The story of debit cards in the pandemic year of 2020 turns out to have several chapters—including higher average tickets, a sharp swing to card-not-present usage, a dramatic surge in contactless adoption, and higher mobile-wallet usage. Meanwhile, account-to-account transfers turned out to be the fastest-growing form of debit, though usage …
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17 August
Vending-Payments Specialist Cantaloupe Targets Micro-Markets With Its Deal for Yoke
Building on a strategy of growing share of payments in the unattended retail market, Cantaloupe Inc. announced Tuesday its acquisition of Delicious Nutritious LLC, a Los Angeles-based micro-market payments company that operates under the trade name of Yoke Payments. The purchase price was not disclosed. The deal gives Cantaloupe, which earlier this …
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17 August
A 4X Increase in Phishing Attack Costs and other Digital Transactions News briefs from 8/17/21
The overall costs of phishing attacks on businesses have nearly quadrupled since 2015, rising from average losses of $3.8 million per company in 2015 to $14.8 million in 2021, according to research from cybersecurity and compliance company Proofpoint Inc. and Ponemon Institute.Uplift Inc., a buy now, pay later provider specializing in travel, …
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16 August
ACI Adds PayPal And Venmo to Its Speedpay Bill Payment App
Responding to consumers’ growing use of digital options for bill payment, ACI Worldwide Inc. announced Monday that it is integrating PayPal and Venmo acceptance into its Speedpay bill-payment service. The Monroe County Water Authority, which provides water to hundreds of thousands of customers over parts of six counties in the …
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16 August
How Paysafe Sees Its SafetyPay Deal As a Major Move Into Open Banking
Open banking has been a big trend in payments for some time, and now traditional payment processors are getting in on the action. Paysafe Group Holdings Ltd. early on Monday announced it has agreed to pay $441 million to acquire Miami-based SafetyPay, a 15-year-old provider of digital payments for cash-paying …