Digital Transactions Authoritative, insightful and timely information for payments professionals

June, 2020

• 2 June

  How PayPal’s Case Against the CFPB Could Spawn ‘Uncomfortable’ Results for Payments Players

  

  It was easy to lose track of it in the midst of all the impacts of the novel coronavirus, but a crucial federal lawsuit filed six months ago still hangs over the payments industry, carrying far-reaching implications for nearly all players. It’s PayPal Holdings Inc.’s  action against the Consumer Financial Protection …
• 2 June

  Visa Reports Improving Volume Trends in May

  

  U.S. payment volume growth was still in negative territory in May thanks to the Covid-19 pandemic, but the picture was brighter than it was in April, Visa Inc. reported late Monday. “In May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April,” Visa said …
• 2 June

  Konnect’s M-Payments Restaurant Service Debuts and other Digital Transactions News briefs from 6/2/20

  

  Konnect Solutions Inc. introduced a mobile-payments service for restaurants that allows customers to pay inside or in drive-throughs by choosing the restaurant’s local WiFi wireless access point to view a menu, place an order, and access the restaurant’s point-of-sale system. They can pay on their phone or use options offered by …
• 1 June

  Following The Third Halving in Its History, Is Bitcoin in for Yet Another Wild Ride?

  

  Three weeks after an automated slashing of the reward cryptocurrency miners collect to process Bitcoin transactions, average prices are up while transaction fees have slipped. With respect to the price of Bitcoin, at least, this result follows an historical pattern. On May 10, the Bitcoin miner’s reward was cut in …
• 1 June

  Shift4 Looks to Raise Up to $315 Million Through Its IPO

  

  Shift4 Payments Inc.’s pending initial public offering took a step forward Monday when the merchant processor filed an amended prospectus stating it plans to sell 15 million shares of common stock at a range of $19 to $21 per share. At the maximum price, the sale would yield $315 million …
• 1 June

  ACH Sender Receives Certification and other Digital Transactions News briefs from 6/1/20

  

  Nacha, the automated clearing house rule maker, awarded its Nacha Certified status to Secure Payment Systems. Nacha Certified is a voluntary program for third-party senders.ACI Worldwide Inc. said Conductor, a Brazil-based processor, is entering the Latin American acquiring business using ACI’s UP Retail Payments and UP Payments Risk Management software products.Tokyo-based …

May, 2020

• 29 May

  A Majority of Online Transactions Are Now Made With Mobile Devices, comScore Finds

  

  Mobile devices have captured more than 50% of online purchase transactions in many large countries, according to new research findings from comScore Inc. Mobile wallets, however, still account for only a minority of total mobile purchases. Reston, Va.-based comScore, which researches Internet usage, says mobile’s share of online transactions rose …
• 29 May

  Green Dot Links With Welcome Technologies to Bring Banking Services to Hispanic Immigrants

  

  Green Dot Corp.’s new chief executive, Dan Henry, made no bones earlier this month about the strategic importance of the company’s bank, and now a new banking-as-a-service program from the Pasadena, Calif.-based company shows how that asset can be deployed to win the loyalty of one of America’s largest immigrant …
• 29 May

  Vesta Notes $125 Million Investment and other Digital Transactions News briefs from 5/29/20

  

  Vesta, a vendor of fraud-fighting technology, said it has received a $125 million growth-capital investment from Goldfinch Partners.Fiserv Inc. said True Sky Credit Union will move to its platform for core account processing, including access to the Zelle peer-to-peer payments network.Mastercard Inc. launched Recovery Insights, a set of data and tools aimed at …
• 28 May

  Merchants Turning to Small Business Credit Cards to Improve Cash Flow

  

  ISOs tap into card issuing revenue One of the biggest challenges for small businesses is the availability of credit according to a recent study* by the Federal Reserve. Many merchants address this by taking out short-term business loans or using personal credit cards to bridge the gap. While credit cards …