Digital Transactions Authoritative, insightful and timely information for payments professionals
A new, $1-million limit takes effect on Friday for same-day processing of automated clearing house transactions. The new cap, 10 times higher than the former one, is expected to open the ACH for faster processing of more large-value transfers and is seen as a landmark move toward faster payments as …
March, 2022
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18 March
CanPay Notes $500 Million in Legal Payments and other Digital Transactions News briefs from 3/18/22
Cannabis-payments platform CanPay said it has passed half a billion dollars in transactions, processing for more than 800 merchant locations in 31 in states.A cryptocurrency-investment platform called BitStore introduced a Mastercard-branded prepaid card that allows users to make payments at merchants with their crypto assets. Processing is handled by Alchemy Pay.Payments provider PayTrace Inc. announced it …
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17 March
RocketFuel Completes an Integration to Enable Crypto Payments Through ACI’s Platform
RocketFuel Blockchain, Inc., a provider of payment technology for Bitcoin and other cryptocurrencies, has finalized the integration of its payment solution with ACI Worldwide Inc. The integration to ACI’s Secure eCommerce platform will enable ACI’s more than 80,000 merchants to accept cryptocurrency payments with no processing fees. The partnership between …
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17 March
Priority Racks up Revenue Gains As It Looks to Expand Into New Services Such As Cash Processing
Priority Technology Holdings LLC late on Wednesday reported $144 million in revenue for 2021’s December quarter and $514.9 million for the full year, increases of 35.7% and 27.4% year-over-year, respectively. The Alpharetta, Ga.-based company, which ranks among the 25 largest merchant processors in the country, handles payments and related services …
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17 March
Mercator Advisory Group Has New Owner and other Digital Transactions News briefs from 3/17/22
Escalent Inc., an analytics and advisory firm, said it acquired Mercator Advisory Group, adding to its payments advisory portfolio. Escalent acquired Javelin Strategy & Research in 2019. Current Mercator president and chief executive Robert Misasi will help with the transition before leaving these positions.MoneyGram International Inc. agreed to pay a civil monetary penalty of …
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16 March
Eye on BNPL: Startup Airline Breeze Adds Uplift; Mastercard Installments Expands
Buy now, pay later options for consumers continue to grow. Nascent airline Breeze Airways will offer Uplift Inc.’s BNPL option to its travelers and Mastercard Inc. announced several more retailers joined its Mastercard Installments program. Sunnyvale, Calif.-based Uplift said it is the exclusive BNPL option for Breeze flights. The service …
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16 March
Rising Attack Rates Show How Fraudsters Are Zeroing in on Fintechs, According to Sift Data
Fraudsters targeted fintechs at an alarming rate in 2021, according to Sift Science Inc.’s first-quarter 2022 Digital Trust & Safety Index. The index reveals that the payment-fraud attack rate across fintechs within Sift’s network increased a whopping 70% in 2021 compared to 2020. The attack rate is defined as the …
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16 March
XTM Adds Apple Pay, Google Pay Support and other Digital Transactions News briefs from 3/16/22
Payments-technology provider XTM Inc. said it has added Apple Pay and Google Pay to its U.S. Today mobile wallet. The company says it has rolled out more than 100,000 wallets so far.Payments provider Nuvei Corp. said it will process payments for cryptocurrency by holders of the Ledger hardware wallet. With the agreement, holders can buy crypto …
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15 March
Eye On Earned Wage Access: CloudPay Partners With Visa; indi Rolls out Early Pay
CloudPay, a provider of employee payment solutions, is partnering with Visa Inc. to enable payroll to be deposited directly to employee debit or credit cards through Visa Direct, Visa Inc.’s real-time payment network The new service is expected to provide employees immediate access to their funds compared to the two …
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15 March
A Link to Plaid Lets Green Dot Leverage Open Banking for Its New GO2bank Mobile App
Underscoring the rising profile of open banking in consumers’ financial lives, Green Dot Corp. early Tuesday said it has completed an integration for its GO2bank mobile banking app with the Plaid Exchange network from Plaid Inc. The move will connect users of Green Dot’s app, launched only in January last …