PayPal Revenue up 2% and other Digital Transactions News briefs from 10/27/26 – Digital Transactions
- PayPal Holdings Inc. reported a 2% rise year-over-year in third-quarter net revenue, to $8.58 billion, on a 6% increase in total payment volume, to $487.1 billion. Payment transactions rose 7% to 6.796 billion, while active accounts, at 440 million, were virtually flat, rising 0.6%. GAAP net income fell 14%, to $1.07 billion. The drop was 3% on a non-GAAP basis, to $1.245 billion.
- Zip Co Ltd. will offer payment options at Best Buy stores nationwide following an expansion of the company’s involvement with the electronics chain. At stores, Zip allows customers to checkout using tap to pay on the Zip app in their phones.
- Payment orchestration platform Aevi found that 53% of U.S. consumers would refuse to shop at a merchant that did not accept their chosen payment method. Aevi surveyed more than 2,000 U.S. consumers.
- Chargeback management provider Justt found consumers are increasingly using card disputes to complain about undelivered packages and subscriptions they assumed were canceled, and making fewer disputes for purchases they didn’t make. Justt analyzed contested chargebacks on its platform from July 2024 to June 2026 and found that product not received and canceled recurring disputes increased from 13% to 24.1% in the period. Fraud-based disputes decreased to 60.4% from 74.6%.
- Processor Elavon said it has agreed to integrate its payment services with the digital payments add-on and open payment framework applications from SAP. The effort is aimed at shrinking complexity in managing payments across multiple business operations.
- Diebold Nixdorf Inc. announced a collaboration with payment processor Euronet Worldwide to combine Diebold ATMs with Euronet’s Ren payments processing platform in an effort to reduce ATM operating costs for financial institutions while offering a broader array of transactions at the machines.
- Fraud prevention specialist Socure Inc. launched Agent Intelligence, a suite of services that detects AI agents, assesses whether they are trustworthy with a score, and ties each agent to the verified person or business that authorized the agent.
- Transaction Network Services Inc. released a smart routing capability for its payment orchestration platform that can help unattended and high-volume payment environments improve their approval rates, TNS said.
- Processor ACI Worldwide Inc. is working with Circle Internet Group in an effort to demonstrate how stablecoin settlement can be handled by existing banking and payment platforms. The partnership is leveraging ACI Connetic, the company’s payments-orchestration facility, and Circle’s USDC stablecoin technology, with an initial focus on Colombia.
- Blockchain-technology provider Ripple has won final approval from the Office of the Comptroller of the Currency to charter its Ripple National Trust Bank, a federally supervised national trust institution. The bank’s responsibilities will include managing segregated reserves that support Ripple USD, the company’s stablecoin.
