Digital Transactions Authoritative, insightful and timely information for payments professionals
With credit card acceptance rates expected to rise next spring, payments-technology firms are starting to launch services for merchants that they say will soften the blow. The latest comes in the automobile-repair industry with an announcement Tuesday by Facepay Inc. of general availability of a service aimed at replacing credit …
August, 2021
-
10 August
Repay Card Volume up 28% and other Digital Transactions News briefs from 8/10/21
Repay Holdings Corp. said its second-quarter card payment volume of $4.6 billion increased 28% from $3.6 billion in the 2020 second quarter. Revenue of $48.4 million was up 32.6% from $36.5 million a year ago. Repay had a net loss of $13.4 million, an improvement from its $83.2 million loss in …
-
9 August
A New App Seeks to Make End-to-End Car Buying the Latest E-Commerce Craze
One consequence of the pandemic has been a boom in e-commerce. And now consumers can purchase automobiles online just as easily as they can most any other product. Otoz, a subsidiary of business-services and enterprise-software provider Netsol Technologies Inc., announced on Monday its e-commerce app for Mini auto dealers is …
-
9 August
FTNI Supplies Digital Payment Tech to C-Store And Food Distributor
Grocers and convenience stores that use distributor Hardec’s to buy products to sell now have an online and digital payment option. Omaha, Neb.-based Financial Transmission Network Inc. said it is supplying Hardec’s with an online payment portal that enables its customers to pay invoices via automated clearing house transactions and …
-
9 August
Circle Preps for SPAC Move and other Digital Transactions News briefs from 8/9/21
Circle Internet Financial Inc., a provider of payments based on digital currencies, filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with its effort to go public via a $4.5-billion buyout by a special purpose acquisition corporation.Bill.com said KPMG Spark, an accounting service for small and medium-sized …
-
6 August
Paya Looks to M&A, ISVs, And ACH for Growth As It Reports a Strong First Quarter
Paya Holdings Inc. hasn’t let up on its search for growth via acquisitions as it plays to its strengths in integrated payments and automated clearing house processing. The Reston, Va.-based company reported early Friday a record-high $10.7 billion in payment volume for the first quarter, a number that doesn’t include …
-
6 August
COMMENTARY: How EMV Specifications Are Supporting Online Commerce
The increasing digitalization of global economies, along with the unprecedented growth in online commerce, means that consumers and businesses are demanding more from payments. A recent report from the Federal Reserve Bank of Boston notes that “consumers not only have higher expectations when it comes to online security, but they …
-
6 August
Apple Cash Adds Mastercard Debit Support and other Digital Transactions News briefs from 8/6/21
Apple Inc. said Apple Cash users can now send Instant Transfer payments to Mastercard Inc. debit cards, reported 9to5mac.com. The service had been compatible only with Visa Inc. debit cards prior to Thursday’s announcement. Apple also said it is charging a 1.5% fee for Instant Transfer transactions, up from 1%. Instant Transfer …
-
5 August
Credential Stuffing Remains Fraudsters’ Favored Form of Attack, Says Arkose Labs
Credential stuffing hasn’t lost its appeal as a favored form of attack for criminals looking to commit account fraud, says a report from San Francisco-based fraud-prevention technology provider Arkose Labs detailing fraud trends during the first half of 2021. Credential stuffing accounted for 285 million attacks during the first half of …
-
5 August
Shift4 Looks to a Revamped Restaurant Platform As It Racks up a Strong Second Quarter
Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …