Digital Transactions Authoritative, insightful and timely information for payments professionals
Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …
November, 2024
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20 November
A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees
Members of the Senate Judiciary Committee told representatives of Visa Inc., Mastercard Inc., and the merchant community on Tuesday it was time to “negotiate” an end to their decades-old dispute over credit card swipe fees. The comments came during a Senate Judiciary Committee hearing billed as “Breaking the Visa-Mastercard Duopoly: …
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20 November
APP Fraud To Reach $7.6 Billion by 2028 in Six Countries, ACI Says
Authorized push payment fraud could reach $7.6 billion in six markets, ACI Worldwide Inc. says in its latest Scamscope report. Released Wednesday, the report looks at APP fraud in the United States, United Kingdom, India, Brazil, Australia, and the United Arab Emirates, all markets with real-time payments. APP fraud happens …
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20 November
Fiserv and ADP Team up and other Digital Transactions News briefs from 11/20/24
Fiserv Inc. and ADP have agreed to offer as a package Fiserv technologies such as Clover and CashFlow Central and ADP services for payroll and human resources. The offering is expected to be available early next year. Gift card specialist Raise said it expanded into Canada following last month’s launch in the United …
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19 November
Level the card-fee playing field with dual pricing
Paying with a card is very popular with consumers. They love the convenience and security of not carrying cash. For merchants, however, these payments come with a price: Processing fees. Getting paid with plastic often means merchants have to pass that expense on to their consumers. Even with low-rate accounts, …
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19 November
Google Pay Adds Afterpay And Klarna; BluPeak CU Launches BNPL for Its Debit Card Holders
Afterpay, Block Inc.’s BNPL service, is making its service available to select Google Pay merchants for online purchases for the holiday-shopping season. Klarna will be available through Google Pay merchants in the United States next year. Consumers shop on Google more than 1 billion times per day, according to Google …
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19 November
Xoom Users Can Settle Transfers in the PYUSD Stablecoin, PayPal Says
PayPal Holdings Inc. has made another move in its efforts to leverage its Xoom cross-border payments platform for its stablecoin, PYUSD. The payments giant early Tuesday said Xoom users will be able to use PYUSD to settle money transfers they make through the service. The news comes just seven months …
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19 November
58% of Spending Made with Debit Cards and other Digital Transactions News briefs from 11/19/24
Debit cards not using prepaid funds accounted for 58% of U.S. card spending in 2022, the Atlanta Fed noted in a review of a Federal Reserve Payments Study released last week. Credit cards were used for 36% of payments and 6% of payments were made with prepaid debit cards. Cantaloupe Inc. will serve as …
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18 November
Lightspeed Rolls Out a Kitchen Display System; Fortis Adds a Voice Ordering Platform
Lightspeed Commerce Inc. has introduced a new kitchen display system it says will help restaurants address operational challenges, reduce operating costs, improve order accuracy, and enhance customer satisfaction. A key feature of the new kitchen display system (KDS), which can be integrated with Lightspeed’s point-of-sale platform, is the ability to …
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18 November
Two San Antonio Venues Opt for Shift4 for Concession and Ticketing
Shift4 Payments Inc.’s determined push into venue point-of-sale transactions got another win with the announcement the payment company’s products will be used at the Frost Bank Center and Toyota Field venues in San Antonio. The number of Shift4 devices to be used at both locations was not disclosed. The Frost …
