As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental
More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments...
Nuvei To Acquire Mazooma for $56 Million and other Digital Transactions News briefs from 4/16/21
Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and San...
Coinbase Stock Soars on Opening Day and other Digital Transactions News briefs from 4/15/21
On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The...
OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments
The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are...
Cardlytics Acquires Bridg and other Digital Transactions News briefs from 4/14/21
Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of digital payments and other services to veterinary hospitals, said it is working...
Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in
Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to...
Buy Now, Pay Later Reveals a ‘More Nuanced Picture,’ According to the Latest Research
The buy now, pay later capability now offered by myriad providers is sweeping the country, but may include a few drawbacks that could hinder future growth, according to a report issued Monday. Research for the report,...
3-D Secure Use up 73% and other Digital Transactions News briefs from 4/12/21
Cybersecurity provider RSA said payment transaction volume using 3-D Secure increased 73% globally in 2020 over 2019 in its RSA Quarterly Fraud report for the 2021 first quarter.The payments provider FreedomPay said the Foot Locker Inc. chain has installed its payments system across Foot Locker’s more than 2,000 U.S. stores.Workflow-automation company DocuPhase announced it has acquired Clearwater Payments, a specialist in...
Account Takeover Is Still A Major—And Underestimated— Problem, Says Arkose Labs
While account takeover is a major concern for financial institutions and merchants, many underestimate the cost as well as the frequency of attacks, says a report released Thursday by Arkose Labs, a San Francisco-based...
Square Debuts in Ireland and other Digital Transactions News briefs from 4/9/21
Square Inc. entered the acquiring market in Ireland with its Early Access Program, which offers small and medium-size merchants what the company calls exclusive access to Square technology. Square expects to launch its technology generally in Ireland later this year.Transact Holdings Inc., a specialist in payments technology for college campuses, said its encryption features comply with a new rule from Nacha that requires bank account...
Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4
Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released...
Eye on Retail: Forter’s Anti-Fraud Tools; Mastercard’s 26.3% Retail Sales Increase
Forter Ltd., a specialist in online-fraud prevention, says merchants using the Magento e-commerce platform now have access to its services. Meanwhile, Mastercard Inc. says total U.S. retail sales increased 26.3% in...
Adyen Adds Afterpay Option and other Digital Transactions News briefs from 4/8/21
Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a commerce platform for the automotive industry.Payments provider Mogo Inc. said its card-issuing...
Wealth Tech Firm Envestnet Buys FinTech Startup Harvest Savings
Wealth management technology firm Envestnet has acquired FinTech startup Harvest Savings & Wealth Technologies for an undisclosed amount. "We are striving to empower intelligent, connected financial lives, creating a holistic view for investments, banking or savings account balances. Advisors' clients expect smart and efficient digital solutions, and automated, goals-based savings tools can help them create better financial...
