Thursday , March 28, 2024

March, 2024

  • 12 March

    TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24

    The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …

  • 11 March

    SheerID And Payment Plugins Team Up to Provide Customer Verification for WooCommerce

    SheerID Inc., a provider of identity-verification technology, and software developer Payment Plugins are collaborating to provide a consumer identity-verification solution for e-commerce platform provider WooCommerce. The deal will seek to enable WooCommerce merchants to reduce fraud by ensuring gated offers and discounts are being used by customers who are the …

  • 11 March

    POS Tech for Dining Gains Yet More Momentum As Olo Goes to the Point of Sale And Par Unveils New M&A

    The restaurant and related hospitality market has attracted plenty of attention the past few years from payment platforms, rendering the market one of the hottest in the field of digital payments and marketing. And the trend shows no signs of cooling off, as processors and related service providers look to …

  • 11 March

    Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

    Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …

  • 8 March

    U.S. Households Spend $25,513 Annually on the Top 10 Bills

    Consumer bill payments for the 10 most essential bills sum to $25,513 annually on average, according to new data from doxo inc., a bill-payments provider. Doxo’s “2024 U.S. Household Bill Pay Report” says that total corresponds to 34% of a consumer’s income spent across mortgage or rent, auto loans, utilities, …

  • 8 March

    Blockbuster Deals Aside, a Slower M&A Trend Continues to Grip the Payments Industry 

    The news nearly three weeks ago that Capital One Financial Corp. is looking to acquire Discover Financial Services stunned the payments industry. But even if the $35.3-billion deal closes in the coming months it will represent a notable exception in the middle of a continuing slowdown in merger-and-acquisition activity in …

  • 8 March

    Zil Money Surpasses $70 Billion in Volume and Other Digital Transactions News briefs from 3/8/24

    Zil Money Corp. reported its automated check-payment app, OnlineCheckWriter.com, has passed $70 billion in volume since its inception in 2018. The service relies on various payment methods, including the automated clearing house, real-time payments, and QR codes. The payments platform Nayax Ltd. announced an offering of 3.13 million of its ordinary shares at …

  • 7 March

    Paysafe’s Top Brass Notes Some Improvement But Adds Much Is ‘Yet to Be Done’

    Bruce Lowthers has been a man on a mission since taking over as chief executive at a struggling Paysafe Ltd. nearly two years ago, and early on Thursday he laid out an agenda for the work his company has yet to do. While he touted some improvement so far, “there …

  • 7 March

    Cautious Consumer Spending Depresses CPI Card Group’s Sales

    CPI Card Group Inc. posted $444.5 million in net sales in 2023, a 7% decrease from 2022. The card and payments solutions provider saw an even larger drop during the fourth quarter, posting net sales of $102.9 million, a 19% year-over-year decrease. CPI attributed the declines to cautious consumer spending, …

  • 7 March

    PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

    PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

Digital Transactions