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Pulse Volume up 23% and other Digital Transactions News briefs from 4/22/21 – Digital Transactions

New IdentityTheft Scam

  • Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven by stimulus funds and a higher average spend per transaction.
  • In related news, Discover also made its fee-based Identity Theft Protection service available to all U.S. consumers. The service is $15 per month.
  • Fraud prevention provider Signifyd debuted its Return Abuse Prevention service to help retailers reduce and manage return abuse.
  • Esports Technologies said its betting platform,, now accepts more than 30 cryptocurrencies for deposits, including Bitcoin and Dogecoin.
  • In related news, cryptocurrency payments processor CoinPayments Inc. announced it will work with Ovvi LLC, a provider of point-of-sale hardware, software, and processing, to market cryptocurrency acceptance in in-store transactions.
  • GreenBox POS LLC, a payments provider specializing in blockchain technology, said it is working with cryptoasset risk-management firm Elliptic Enterprises Ltd. to install anti-money-laundering systems for cryptoassets.
  • Shakepay, a Montreal-based fintech that enables Canadians to buy and sell digital currency and pay others, said it will launch a Visa prepaid card for its customers. The card will use Marqeta’s issuing platform and be issued by People’s Bank, Marqeta’s sponsoring financial institution.
  • Installment payments provider Splitit launched Splitit Plus, an integrated payment gateway for installment payments.
  • Affirm Inc. said retailer Ulla Johnson now offers Affirm’s point-of-sale financing at checkout.
  • Working with Visa Inc.’s merchant-acquiring unit for the Middle East, payments-technology provider PayTabs said it has launched its PayTabs Touch product to allow merchants to accept contactless transactions on their own mobile phones.

Check Also Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in …

Source: on 2021-04-22 13:50:45

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