Digital Transactions Authoritative, insightful and timely information for payments professionals
Truist Financial Corp. said it is the first financial institution to use an alias-based request for payment utility on the RTP network, the real-time payments service from The Clearing House Payments Co. LLC. The service is available for both corporate and individual customers, Truist said. POSaBIT Systems Corp., a point-of-sale maker for cannabis …
April, 2025
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24 April
Square Releases Revised Point-of-Sale App With Custom Modes
Square is a long way from just offering a plug-in card reader dongle and there may be no better evidence of that with its fully revised Square Point of Sale app. This iOS and Android app enables merchants (Square calls them sellers), to pick and choose which services, such as …
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24 April
Fiserv Zeroes in on Restaurants As Its New CEO Settles in
Fiserv Inc.’s Clover point-of-sale technology is set to make a splash in the highly competitive restaurant market with the expected launch next month of Clover Hospitality, the company’s top brass said early Thursday. Lilia, an Italian eatery in Brooklyn, is the first client, said Michael Lyons, the company’s chief executive, …
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24 April
Discover Payments Volume Down 4% and other Digital Transactions News briefs from 4/24/25
The payment-services unit of Discover Financial Services reported $96 billion in volume for the first quarter, a 4% drop year-over-year, though increased debit card activity lifted Pulse’s dollar volume 3%. Diners Club volume also increased, growing 18%, but the Network Partners unit recorded a 73% slide “reflecting the anticipated exit of a …
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23 April
Trifecta Technologies Partners with Stripe to Offer a ‘Payment Launchpad’
Trifecta Technologies Inc., an IT management company specializing in the Salesforce platform, is partnering with processor Stripe Inc. to create what it calls a payment launchpad for businesses. The launchpad will enable SalesForce users to streamline their payment processes by automating recurring payments. The feature will help businesses ensure on-time …
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23 April
Same-Day ACH Volume Rises 19%
Business, consumer, and government use of the automated clearing house network continues on its growth pace with overall ACH payment volume up 4.2% in the first quarter year-over-year. Same-day ACH, Nacha’s faster-payments offering, experienced a 19.1% jump in payments. Same-day ACH volume, as revealed Wednesday by Nacha, totaled 326 million …
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23 April
Klarna Added to eBay’s U.S. Marketplace and other Digital Transactions News briefs from 4/23/25
The e-commerce giant eBay Inc. said it will widen its global partnership with payments platform Klarna AB to include the U.S. market, allowing the shopping site to roll out Klarna’s payments capabilities to ”millions” of eBay shoppers, eBay says. PSQ Payments said it is available on the Shopify App store, making the service …
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22 April
Affirm Expands Its Credit Reporting to TransUnion
Buy now, pay later platform Affirm Holdings Inc. early Tuesday announced it will begin credit reporting for all its loan products to TransUnion LLC, effective May 1. TransUnion is the second of the three credit bureaus to which Affirm is reporting. In March, San Francisco-based Affirm announced it would begin …
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22 April
Circle’s New Payments Network Solicits Banks for Cross-Border Stablecoin Settlement
The stablecoin platform Circle Internet Group Inc. late Monday unveiled a payments network aimed at linking financial institutions and digital wallets for cross-border payments. The network, which will enable real-time settlement using what Circle calls regulated stablecoins, represents a major new thrust for the 11-year-old, New York City-based company into …
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22 April
CU Taps Jack Henry and other Digital Transactions News briefs from 4/22/25
Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a new agreement. The capabilities will include the Federal Reserve’s FedNow service and the RTP network from The Clearing House Payments Co. RentRedi, a mobile app for rent payments and other landlord-tenant functions, introduced Chat 2.0, …