Credit Card Use Increases and other Digital Transactions News briefs from 1/3/19
Digital Transactions News staff
January 3, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Transaction Processing
- Sixty-two percent of U.S. consumers used a credit card in 2018, up from 60% in 2017, finds a report from Mercator Advisory Group
- Bestpass Inc., a provider of toll-management services for commercial fleets, said it finished 2018 with 500,000 active transponders in its network of almost 6,000 clients.
- The fastest way to solve income inequality is for the Federal Reserve to build a real-time payments system, the Brookings Institute argues, pointing to fees and penalties low-income people incur with check cashers, payday lenders, and bank overdrafts.
- A dozen companies have confirmed they are using or plan to use the xRapid cross-border payment service offered by Ripple Labs and its XRP cryptocurrency.
- Proxibid, an online auction platform, announced it has acquired Wavebid, a provider of auction-management software. Terms were not disclosed.
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