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DIGITAL TRANSACTIONS | Trends in the Electronic Exchange Of Value | News
CLIPPER   P2P Payments
With P2P Payments Booming, U.S. Senators Spotlight Consumer Losses to Fraud
Consumers’ loss of funds to fraud and other deceptive activity on peer-to-peer payment networks has drawn the attention of U.S. Senators, who are demanding answers on the matter from the big banks that own the Zelle P2P network. The senators’ actions come as P2P activity has boomed in response to the pandemic and a general movement by consumers to use digital payment methods...
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CLIPPER   Cryptocurrency
Eye on Real Estate: Bank Shot Adds Digital Checks; Prometheus Launches Crypto
Mobile-payment solution provider Bank Shot has added support for digital-check acceptance in the real-estate market. The new feature will enable consumers to initiate an earnest-money or rent payment via a digital check. In addition, real-estate brokers, title companies, and property managers can use Bank Shot to pay realtor commissions...
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CLIPPER   From the July
Digital Transactions
The Crypto Rout
Breathes there a soul out there who yet harbors ambitions for Bitcoin to become a store of value, unit of account, and medium of exchange? If so, please step forward and identify yourself—and ignore the snickering...
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Trending Stories
EMS Expands Service Offerings By Taking a Majority Stake in Paysley
Merchant processor Electronic Merchant Systems announced Thursday that it has taken a majority stake in Paysley, a contactless payments software specialist that enables merchants to send payment requests and QR codes to customers’ mobile phones...
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An Insurance App Offers Crypto Rewards for Premium Payments
A mobile wallet that allows users to shop and pay for insurance has added a rewards program that offers cryptocurrency based on premium payments. Marble, a New York City-based company that started up in 2020, says it has integrated its wallet with Gemini, a crypto exchange, to let users redeem their rewards points for Bitcoin or Ethereum through a Gemini account...
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DigitalTransactions.net delivers the payments market with the latest and most accurate news and information. Original stories written by Digital Transactions reporters. Visit now: DigitalTransactions.net.
Digital Transactions News
July 11, 2022
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Current Issue
DT mag column
Available online: The July issue of Digital Transactions. Carry the magazine with you electronically wherever you go!

This month's advertisers:

Allwireless and Prepaid Conference , Page 17

BlueStar, Page 5

Datacap Systems Inc., Page 17

Electronic Merchant SystemsBack Cover

Electronic Payments, Page 15

eProcessing Network, Page 7

First American, Page 19, 45

General Credit Forms, Page 21

MagTek, Page 3

Maverick, Page 23

Merchant Risk Council, Page 33

Merrick Bank Merchant Acquiring, Page 25

PAX, Page 1

Primax, Page 29

PSCU, Inside Front Cover

RetailNow, Page 39

Round 2 POS, Page 37

Western States Acquirers Association, Page 41
 
Industry Events
RetailNOW 2022
July 24 - July 26
Gaylord Palms Resort & Casino, Orlando, Fla.
RSPA

MWAA 2022 Conference
July 27 - July 28
Chicago Marriott Downtown Magnificent Mile
Midwest Acquirers Association

Payments University
August 4 - August 5
Orlando, Fla.
ePayResources

PaymentsED Forum
August 8 - August 10
Grand Hyatt Washington, Washington, D.C.
PaymentsED Forum
 

Payments University

August 11 - August 12

Austin, Texas

ePayResources

IN OTHER NEWS...
Payments professionals Joseph Daly and Eric Kellogg announced they formed Argyle Payments LLC, an independent sales organization that will focus on small and midsize merchants in high-margin specialty markets.
Buy now, pay later provider Klarna AB closed on an $800-million funding round aimed at bolstering its stance in the U.S. market. The round values the company at $6.7 billion, down dramatically from $45.6 billion at a June 2021 funding round.
Merchants' losses to online payment fraud will total $343 billion worldwide between 2023 and 2027, according to a forecast from Juniper Research. Driving the losses are account takeovers, which are proliferating despite identity-verification technology, the research firm says.
Cloud-based financial-services technology provider Computer Services Inc. reported first quarter revenue of $81 million, a 5.6% increase from $76.7 million in the same quarter a year ago. CSI’s fiscal year began March 1. Its net income of $14.7 million was up 2.1% from $14.4 million last year.
AvidXchange Holdings Inc., which provides accounts payable automation software and payments services, said its application programming interface for enterprise software Acumatica is available that provides a purchase-to-pay process.
MX Technologies Inc. said Kinly, a neobank catering to Black America, selected it to support Kinly’s custom-built financial tools.
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Volume 19, Number 173
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