Digital Transactions Authoritative, insightful and timely information for payments professionals
The push to make cryptocurrency a mainstream payment option got a boost early Tuesday as terminal maker Ingenico announced it is partnering with cryptocurrency exchange Crypto.com to accept cryptocurrency through its Axium Android terminals. Merchants accepting cryptocurrency through the Ingenico terminals can settle transactions through their Ingenico merchant wallet in …
November, 2024
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5 November
Marqeta Revenue up 17% and other Digital Transactions News briefs from 11/5/24
Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …
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4 November
FIS Restarts Its M&A Engine As It Looks to Its Worldpay Stake for a Payoff
More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year. For now, …
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4 November
Eye on E-Commerce: USDA Approves Gopuff To Accept Online SNAP Payments; Affirm Launches In The U.K.
Gopuff, the online food and beverage delivery platform from GoBrands Inc., is now accepting SNAP payments (Supplemental Nutrition Assistance Program) for online orders nationwide. The deal makes Gopuff the first online delivery platform provider to receive approval from the United States Department of Agriculture to accept SNAP payments. As part …
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4 November
Shopify Taps Coveo’s AI and other Digital Transactions News briefs from 11/4/24
Artificial intelligence platform Coveo said it will provide AI commerce services to Shopify Inc. enterprise customers. NCR Atleos Corp. announced Rontec, a Shell and Esso BP station operator in the United Kingdom, has extended its agreement to use Atleos for ATM operations at 267 gas stations. The Access Group, a United Kingdom-based developer …
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1 November
Who Will Benefit Most Becomes the Latest Flash Point in the Battle Over the Illinois Interchange Law
The latest controversy about the law, which passed in June, revolves around a study from the Electronic Payments Coalition that says the largest merchants stand to see millions of dollars in interchange relief from the law, while small merchants would receive minuscule savings by comparison. Released late Wednesday, the EPC …
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1 November
How Embedded Finance Programs Are Finding New Outlets
Talk of embedded finance, the marrying of financial services with unrelated applications for businesses, threaded through the Money 20/20 conference this week in Las Vegas, as fintechs and financial institutions devise initiatives that extend beyond simple credit and debit card acceptance. Among the latest of these is Shopify Finance, a …
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1 November
Nacha’s Pay by Bank Definition Work and other Digital Transactions News briefs from 11/1/24
Nacha, the regulatory body for the automated clearing house network, said its Payments Innovation Alliance group has initiated an effort to define the term “pay by bank” for various industry stakeholders. Flexa announced it will now process digital-currency transactions for more than 750 Sheetz convenience stores in the Mid-Atlantic region. The …
October, 2024
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31 October
A Court Hears Arguments Over a Possible Injunction Against the Illinois Interchange Law
Arguments over whether the U.S District Court for the Northern District of Illinois should grant a preliminary injunction to block the scheduled implementation of the Illinois Interchange Fee Prohibition Act were heard yesterday in Chicago. While the judge did not issue a ruling, she did question both plaintiffs and defendants …
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31 October
Mastercard Looks for Growth Across a Widening Field
Mastercard Inc.’s top management on Thursday made it plain its ambitions for the card payments company have widened dramatically in recent months as the network looks for expansion in such areas as open banking, cybersecurity, tokenization, and consulting for merchants. It’s also eyeing its opportunities in the massive China market, …