Digital Transactions Authoritative, insightful and timely information for payments professionals
Waystar, a provider of payments software for the health-care industry, announced it will buy Patientco Holdings Inc., a payments provider in the same industry. Terms were not announced, though persons familiar with the matter valued Patientco at $450 million, according to Bloomberg.Payments provider Payroc WorldAccess LLC said it has acquired DCS Holdings Group …
July, 2021
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14 July
Trust And Security Could Be Big Hurdles As Apple Prepares Its Entry Into BNPL
For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure. Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …
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14 July
Failed Payments Cost Banks, Fintechs, And Companies Nearly $120 Billion Last Year
As banks, merchants, and fintechs scramble to win share in the payments business, they can easily lose sight of the fact that not all payments process properly. In fact, many don’t. Some two-thirds of organizations sustain more than 20,000 failed payments each day, while the toll taken globally by all …
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14 July
Global Payments Launches TSYS Partner Program and other Digital Transactions News briefs from 7/14/21
Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …
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13 July
Mobile Specialist Miura Introduces New Terminals And Apps for North America
United Kingdom-based mobile-payment specialist Miura Systems is expanding its operations in North America through the introduction of PCI PTS v5 certified terminals, a turnkey semi-integrated payment application, and a hosted device-management system. Miura, which has deployed more than 3 million payment devices to more than 30 countries, is also beefing …
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13 July
Mastercard And Verizon Team up on 5G for Payments, But the Collaboration Will Require Patience
Wireless connectivity at faster speeds and with more reliable service could be more widely available to the payments industry in as few as two years or less. Mastercard Inc. and Verizon Communications Inc.’s Verizon Business unit announced Tuesday morning they intend to work together to make 5G connectivity available in …
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13 July
GoDaddy in Google Tie-up and other Digital Transactions News briefs from 7/13/21
GoDaddy Inc. and Alphabet Inc.’s Google unit announced an integration that enables GoDaddy clients access to various Google online properties from GoDaddy’s online store. These clients will be able to create a Google Merchant Center account, sync their online product listing on Google, and promote their products on Google.Payments-technology startup KodyPay Ltd. announced …
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12 July
KyckGlobal Adds Cross-Border Payments To Its Arsenal
KyckGlobal Inc. on Monday added cross-border payment capabilities to its platform by partnering with Moneycorp, a London-based provider of foreign exchange and global payment services to individual and corporate customers. The partnership will enable KyckGlobal to facilitate cross-border payments in more than 200 countries via wire transfers and international ACH transactions, …
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12 July
ICBA Bancard Adds Real Time Payments and other Digital Transactions News briefs from 7/12/21
ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …
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12 July
BNPL Specialist Klarna Looks to Bolster Its Role in E-Commerce With Its Hero Deal
With volumes rising fast in both e-commerce generally and in the buy now, pay later business, BNPL payments provider Klarna AB has made a play to secure its position in both markets. The company announced Friday it has acquired Hero Towers Ltd., a 6-year-old social-shopping service that lets consumers interact …