Sunday , December 15, 2024

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

Discover Is the Latest to Activate the Common Buy Button As Consumers Go Online in Droves

Discover Network on Tuesday became the latest of the Big 4 card networks to launch the Secure Remote Commerce technology the systems settled on last year to simplify and secure online transactions with a single buy button that works with all participating networks. The move comes as hordes of U.S. …

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‘We Hope the Worst Is Behind Us’ Says AmEx’s Boss As the Company Shows Signs of a Comeback

As the economy registers a tentative recovery from the deep recession caused by Covid-19, payments networks are doing likewise. This is probably no more true than with American Express Co., whose concentration in the travel-and-entertainment market caused the company’s financials to nosedive earlier this year as the pandemic grounded airlines, …

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Instacart Pairs With Aldi for a First-Time Service Offering Grocery Delivery for EBT Users

As Covid-19 cases spike around the country, grocers and technology companies alike are scrambling to blunt the pandemic’s financial impact. On Thursday, the online delivery service Instacart announced it is starting a program with the grocery chain Aldi to allow recipients of federal SNAP benefits to use their electronic benefit …

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The ACH Recorded 9% Growth in the September Quarter Even Though Covid Aid Trailed off

The nation’s automated clearing house network surged again in the September quarter, even with a waning of federal-assistance payments. Volume grew by double-digit percentage increases in most major categories as the network handled 6.8 billion transactions overall, up 9%, Nacha reported Tuesday. Nacha is the governing body for the network, …

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Square Releases an API to Allow Its Terminal to Ease Acceptance of Contactless Payments

Much has been written about the need for merchants to adopt various forms of contactless payments to suit jittery customers and cashiers in the midst of Covid-19, but often the conversion to touch-free transactions is easier said than done. In response, Square Inc. late Thursday unveiled an application programming interface …

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E-Commerce Will Flourish This Holiday Season, But Watch Out for Fraud, ACI Warns

The economy may have fallen into recession, but processors and online stores can expect a healthy holiday season this year, according to projections released Thursday by ACI Worldwide Inc. The Naples, Fla.-based payments provider said e-commerce transactions will jump 27% globally in the fourth quarter compared to the same period …

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Covid-19’s Long Shadow Is Prompting a Rise in Gift Card Sales, Including Digital Cards

With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …

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A Pilot Is Coming for FedNow, But Some Question the Fed’s Deliberate Pace

The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …

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Shift4 Adds an Ordering Capability to Its QR Code Technology for Restaurants

Shift4 Payments Inc. on Monday announced it is expanding its Quick Response code capabilities for restaurant clients to include an ordering function. Customers will now be able to scan a QR code displayed by the eatery to bring up a menu and to place an order, the Allentown, Pa.-based processor …

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Infection Fears Could Give a Boost to a ‘Reverse ATM’ That Takes in Cash, Dispenses Cards

With cash on the outs with many pandemic-wary consumers and merchants these days, payments firms are looking for alternatives. One such option is a so-called reverse ATM, a machine that takes in cash instead of dispensing it to allow users to convert paper money into an electronic payment instrument. An …

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