Digital Transactions news and trends

Western Union Connects Digital Wallets to eSIM Mobile Service
Digital Payments // 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...

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...

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’s Digital Business Sees 15% Growth in Transactions

October 23, 2024
Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of double-digit transaction growth for the Branded Digital business, the company said in a presentation released Wednesday (Oct. 23) in conjunction with its quarterly earnings call. […]

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...

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...