Digital Transactions Authoritative, insightful and timely information for payments professionals
- Discover Financial Services said its payments services operation, which includes network partners, Diners Club International, and the Pulse electronic-funds transfer network, processed $60.5 billion in total volume in the fourth quarter, a 12% increase year-over-year. Volume on Pulse jumped 11% to $47.1 billion owing to new issuers as well as growth by existing issuers, Discover said. Total network volume, including proprietary Discover network processing, reached $99 billion, a 9.6% jump. Total Discover card volume reached $40.7 billion, up 5.4%.
- WEX Inc. completed the acquisition of bill-pay and virtual card specialist Noventis Inc.
- Apple Pay is coming to the LA Metro, the transit system serving Los Angeles, reported MacRumors.com. A rollout is scheduled for this fall.
- London-based developer myPOS launched a new version of its Mobile Checkout product, which offers easier integration with merchant apps.
- The Bancorp Inc., a major issuer of prepaid cards, said its prepaid division incurred expenses of $672,000 in the quarter in connection with “the exit of one relationship.”
Related Articles
Check Also
The Clearing House’s ACH Volume Swells As Adoption of Digital Transactions Spreads
Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing …