U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
Read More »Mercari Picks Zip’s BNPL Option and other Digital Transactions News briefs from 9/1/21
Mercari, an online marketplace for second-hand goods, said consumers can use buy now, pay later services from Zip Co., formerly Quadpay, on its Web site.Buy now, pay later specialist Uplift Inc. said consumers who book with Sixthman, a music-festival organizer on cruise ships, can pay for their tickets in monthly installments. Sixthman is …
Read More »Apple, Google Face Big App Store Change and other Digital Transactions News briefs from 8/31/21
Apple Inc.’s App Store and the Google Play store will have to open their payments services to competing providers for in-app purchases in South Korea if a recently passed bill becomes law, reported The Wall Street Journal, which also said the president’s party endorsed the legislation. Apple, in particular, has been the …
Read More »Visa Adopts Contactless Transit Incentive and other Digital Transactions News briefs from 8/30/21
Visa Inc. and JPMorgan Chase & Co. said they will donate a dime to New York Cares through the month of September, up to a limit of $250,000, for each tap riders perform with a Chase Visa contactless card on subways or buses operated by New York City’s Metropolitan Transportation Authority.VPay, …
Read More »BBQ Holdings Picks Blackhawk’s Gift Card Program and other Digital Transactions News briefs from 8/27/21
BBQ Holdings Inc., owner of Famous Dave’s, Village Inn, and Granite City Food & Brewery, selected Blackhawk Network Holdings Inc. to provide online and in-store gift card products.Integrated-payments provider EngageSmart LLC announced it has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.Klara, …
Read More »LaCore To Offer Sezzle to Merchants and other Digital Transactions News briefs from 8/26/21
Merchant services provider LaCore Payment Technologies said it is now offering Sezzle Inc.’s buy now, pay later service to its merchants. Sezzle is integrated into LaCore’s gateway.Google Pay’s expected revamp may be delayed because of staffing issues, reported tech site ArsTechnica.com. Several Google Pay employees have left amid uncertainty about the transition to the …
Read More »Clover Adds Grubhub Integration and other Digital Transactions News briefs from 8/25/21
Fiserv Inc. announced an integration between its Clover point-of-sale technology and the business-management platform Grubhub in an effort aimed at helping independent restaurants manage and fulfill online orders.Payments provider Fattmerchant Inc. said its Stax platform is working with TimeSolv, a firm-management service for law practices, to manage billing and invoicing, and process payments, …
Read More »Installment Payments Arrive for Rent and other Digital Transactions News briefs from 8/24/21
Till Inc., a rental payment provider, announced four new features enabling tenants to pay rent. One, Budget and Save, enables tenants to allocate rent in smaller installments for their entire rent prior to the due date. Landlords still receive the full rent amount on the due date. Another feature, Rewards …
Read More »Delivery Delays Spawn 45% of Chargebacks and other Digital Transactions News briefs from 8/23/21
Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.Payment processor EirthPay announced its launch. …
Read More »PayZen’s Hospital Bill Payment Plan and other Digital Transactions News briefs from 8/20/21
Working with fintech PayZen Inc., the Geisinger Hospital system is launching a plan that allows patients to make payments over time at zero interest. The plan requires a minimum unpaid balance of $250 after insurance payouts.Mobile-parking app provider PayByPhone said its service now works with more than 2,400 spaces across the campus of …
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