Digital Transactions news and trends

Riskified and Plaid Collaborate on Secure ACH Transactions
Partnerships // October 23, 2023

Riskified, an eCommerce fraud and risk intelligence firm, has partnered with financial data network Plaid to enhance risk protection for ACH bank payments. This collaboration aims to empower online merchants, marketplaces and trading platforms to approve ACH payments with confidence, safeguarding against fraud and the risk...

Bank of America Says Zelle Transactions Climb 27% Year Over Year
Banking // October 17, 2023

Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials released Tuesday (Oct. 17), the bank said that digital adoption, overall, has touched 74% of the bank’s consumers, representing 46...

Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Security & Fraud // October 16, 2023

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example, 11% of consumers who paid for groceries encountered payment fraud, marking an 88% increase since December 2021. This is one...

Western Union Sees Digital Transactions Grow but Revenues Decline
Earnings // May 02, 2023

Western Union is seeing growth in the number of digital transactions. During the quarter ended March 31, the firm recorded 7% growth in the number of digital transactions, the company said in a Tuesday (May 2) press release. This gain came during a quarter in...

Interviews & Exclusives
Consumers Now Want Digital in Everything, Everywhere, All at Once, Study Finds

March 29, 2023
Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital growth and consumers’ appetite for digital is starting to cool now that pandemic restrictions are a thing of the past. The truth is that more consumers are using digital tools […]

Quick Reads
Western Union Connects Digital Wallets to eSIM Mobile Service

March 27, 2024
eSIM company eSIM Go has added Western Union’s digital wallets to its mobile data service. The integration, announced Wednesday (March 27), offers coverage in more than 150 countries via eSIM Go’s “Powered by Breeze” offering. “Equipping digital wallet customers with global connectivity possibilities serves the dual purpose of traveling with ease and optimizing access to […]

Riskified and Plaid Collaborate on Secure ACH Transactions

October 23, 2023
Riskified, an eCommerce fraud and risk intelligence firm, has partnered with financial data network Plaid to enhance risk protection for ACH bank payments. This collaboration aims to empower online merchants, marketplaces...

Western Union Sees Digital Transactions Grow but Revenues Decline

May 02, 2023
Western Union is seeing growth in the number of digital transactions. During the quarter ended March 31, the firm recorded 7% growth in the number of digital transactions, the company...

Singapore’s OCBC Bank Customers Can Use QR Codes At ATMs

July 31, 2019
In an effort to make Singapore’s three million monthly cash withdrawals more digital, OCBC Bank has rolled out QR codes that customers can use at any of its 655 ATMs,...