Digital Transactions Authoritative, insightful and timely information for payments professionals
As the popularity of using quick-response codes for payment at the point-of-sale grows, the trend toward offering the technology to software developers and merchants has gained momentum and now includes small and mid-sized processors. Omnichannel payment gateway Cardknox Development Inc. on Monday became the latest processor to enter the fray, …
June, 2021
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28 June
Eye on Equities: A Post-SPAC Payoneer Starts Trading; Cantaloupe Hits the Russell 2000
Having completed its merger with a special purpose acquisition company, Payoneer Global Inc.’s common stock and warrants began trading Monday on the Nasdaq under the symbols PAYO and PAYOW, respectively. The shares were trading at $10.82 at mid-morning, slightly up from their opening price. “We are just scratching the surface …
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28 June
Slice Payments on the Menu for Pizzerias and other Digital Transactions News briefs from 6/28/21
Slice, which provides an ordering and payment app for independent pizzerias, added Slice Payments as an in-store payment platform. Slice Payments can be used with Slice Register, its point-of-sale service, or as a standalone option.Splitit Inc., a U.S. buy now, pay later provider, said it will integrate its installment-payment platform with tabby, …
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25 June
Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds
Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …
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25 June
Through an Expanded Walmart MoneyCard, Green Dot Sharpens Its Focus on Banking Services
Green Dot Corp. has been steadily building its product roster in financial services for the underbanked, with the latest development emerging this week in the form of an expanded focus for the 15-year-old Walmart MoneyCard. The prepaid card, issued by Green Dot Bank and branded by Mastercard or Visa, can …
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25 June
EMV 3-D Secure 2.0 Use Soars and other Digital Transactions News briefs from 6/25/21
Global payment transaction volume authenticated with EMV 3-D Secure 2.0 increased 1,667% in the first quarter year-over-year, according to Outseer’s latest quarterly fraud and payments report. The same type of volume authenticated with the previous version of EMV 3-D Secure increased 59% for the same period. Outseer is an authentication services provider.Payments …
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24 June
Blocked in Its Bid for Plaid, Visa Agrees to Acquire European Open-Banking Player Tink
In a deal that underscores the crucial importance of open banking in payments, Visa Inc. early Thursday said it has agreed to pay $2.15 billion to buy Tink AB, a 9-year-old, Stockholm-based company whose network connects to 3,400 financial institutions throughout Europe. The agreement comes five months after Visa abandoned …
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24 June
Eye on Crypto: Fiserv Enables Crypto Transactions at FIs, And a Crypto ATM Firm Eyes 6,000 Machines
As interest grows in cryptocurrency, financial-services providers are taking note. The latest is Fiserv Inc., which announced on Thursday that financial institutions it works with will be able to allow their customers to buy, sell, and hold Bitcoin via their bank accounts. The capability is enabled via an integration between …
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23 June
Looking to Grow Debit Card Usage, Oxygen Debuts a Tiered Rewards Program
Looking to make debit cards more attractive to consumers by offering incentives that rival those found in credit card rewards and loyalty programs, Oxygen Inc., a San Francisco-based financial-services technology provider, on Wednesday introduced Elements, a tiered rewards and loyalty program for debit card holders. Rewards available through Elements include …
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23 June
Besides E-Commerce, the Pandemic Also Gave Mobile Wallets And the Buy Online, Pick Up in Store Option a Lift
Plenty of reports since the onset of the Covid-19 pandemic have documented how consumers have responded by shifting to e-commerce—some for the first time—but few reports break out the impact on the mobile segment of that number. It turns out the pandemic has spurred considerable shopping by mobile-phone users, as …