Thursday , November 7, 2024

Digital Transactions News staff

Discover Contactless Cards Coming and other Digital Transactions News briefs from 11/4/19

Discover Financial Services said it will begin issuing contactless cards over the next several months, starting first this month with holders of Discover it and Discover More cards who need cards reissued or replaced. New cardholders will get contactless cards beginning in December.ACI Worldwide expanded its long-term relationship with ATM network operator …

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Western Union and MoneyGram Report Digital Growth, but Falling Revenues

The big wire-transfer providers The Western Union Co. and MoneyGram International Inc. continue to develop their digital services as their agent-based business models struggle in a fast-changing market against rising online players. The two firms on Thursday both reported declining revenues in the third quarter, but Western Union made money …

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Google To Buy Fitbit and other Digital Transactions News briefs from 11/1/19

Google Inc. agreed to acquire Fitbit Inc., producer of smart watches and the Fitbit Pay contactless-payment service, for approximately $2.1 billion. Fitbit has sold more than 100 million devices in its 12 years in business. Google, whose Google Pay mobile-payment service has been in the market since 2015, is part of Alphabet Inc. The …

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Cardtronics Experiences Revenue Increase and other Digital Transactions News briefs from 10/31/19

ATM network operator Cardtronics plc reported revenues of $351.5 million for the quarter ended Sept. 30, up 3% year-over-year. ATM operating revenues totaled $333.4 million, up 1%. The company reported agreements in the quarter to place more than 1,000 ATMs, as well as a renewal and expansion of its agreement with leading …

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Kroger Lifts Visa Ban and other Digital Transactions News briefs from 10/30/19

The Kroger Co. lifted its acceptance ban on Visa credit cards at its Smith’s Food & Drug and Foods Co subsidiaries, according to news reports. Kroger, citing what it called high acceptance costs, first banned the cards at its small Foods Co chain in August 2018 and extended it to the larger Smith’s …

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Uber Money Debuts and other Digital Transactions News briefs from 10/29/19

Ride-share provider Uber Technologies Inc. announced Uber Money, an update to its roster of financial services, mostly for its drivers. Among the products is the relaunch of the Uber credit card in a deal with Barclays. Uber Money also can provide Uber drivers real-time access to their earnings in an Uber Debit …

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Four Merging ISOs Adopt Payroc Name and other Digital Transactions News briefs from 10/28/19

Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …

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Krystal Probing Possible Data Breach and other Digital Transactions News briefs from 10/25/19

Quick-service restaurant chain The Krystal Co., which has 342 locations in 10 Southeastern states, said it is in the early stages of “actively investigating a security incident” that may have compromised credit and debit card numbers used in payments at some of its stores from July through September.A. Wayne Johnson, …

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Kabbage Payments Debuts and other Digital Transactions News briefs from 10/24/19

Kabbage Inc. launched Kabbage Payments, a payments service for small businesses. Kabbage provides merchant lending and uses a payment-facilitator model for the Kabbage Payments subsidiary.American Express Co. revamped its 50-year-old Green Card with a new suite of benefits and rewards. Now called Green from Amex, the card’s fee is $150, up from …

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Discover’s Payment Volume Increases 7% and other Digital Transactions News briefs from 10/23/19

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …

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