Grocers and convenience stores that use distributor Hardec’s to buy products to sell now have an online and digital payment option. Omaha, Neb.-based Financial Transmission Network Inc. said it is supplying Hardec’s with an online payment portal that enables its customers to pay invoices via automated clearing house transactions and …
Read More »Cashless Payments Via Clover Will Greet Returning Chelsea Fans
Fiserv Inc. will field more than 200 Clover point-of-sale devices and handheld Clover Flex devices in Stamford Bridge, the home stadium of England’s Chelsea Football Club, as the processor continues to champion contactless payments. Announced Wednesday, the debut of the Clover devices in the stadium means attendees will be able …
Read More »MoneyGram’s Money Transfer Transactions Experience 20% Growth
MoneyGram International Inc. said its money-transfer business generated revenue of $304.9 million in the second quarter, a 20% increase from $253.1 million in the year-ago quarter. Transaction growth for the segment increased 20%, too. A full 33% of these transactions were digital, the Dallas-based payments company reported. That’s up from …
Read More »Most Consumers Want To Decrease Credit Card Use As BNPL And Debit Gain Favor, a Survey Finds
A majority of U.S. consumers in all age groups—76%—would like to decrease their use of credit cards as they seek to avoid debt, are wary of their ability to pay off their balances each month, and have concerns about making the minimum payments, according to a survey from GoCardless Ltd., …
Read More »Microsoft Tops the 10 Most-Phished List, But Three Big Payment Brands Also Appear
Phishers trying to manipulate recipients of their ill-intended emails overwhelmingly target Microsoft Corp., according to the Brand Phishing Report for Q2 2021 from Check Point Software Technologies Ltd. Payment brands Chase, Apple Inc., and PayPal Holdings Inc. round out the report’s top 10 list for the quarter. The results indicate …
Read More »Eye on Crypto: Fiserv Enables Crypto Transactions at FIs, And a Crypto ATM Firm Eyes 6,000 Machines
As interest grows in cryptocurrency, financial-services providers are taking note. The latest is Fiserv Inc., which announced on Thursday that financial institutions it works with will be able to allow their customers to buy, sell, and hold Bitcoin via their bank accounts. The capability is enabled via an integration between …
Read More »Visa Brings Its Tap to Phone Payments to U.S. Merchants in a Pilot
Visa Inc. is bringing a point-of-sale payment-acceptance application that uses commercially available consumer smart phones on tour to U.S. small businesses, it announced Wednesday. Using a smart phone from ZmBizi LLC loaded with the POS app, 50 small businesses in Washington, D.C., will be able to accept payments without having …
Read More »A Surcharging Bill Advances to the Colorado Governor’s Desk
Soon, there might be just two states that prohibit credit card surcharging with the passage Tuesday of a bill in Colorado that would permit the pricing strategy. The bill, SB21-091, passed both the Colorado House and Senate and now moves to Governor Jared Polis’s desk. He has 30 days to …
Read More »SpotOn’s Sidekick Debuts and other Digital Transactions News briefs from 6/7/21
Point-of-sale developer SpotOn introduced SpotOn Sidekick, a handheld POS-acceptance device designed specifically for food trucks, pop-up dining, cafes, and other mobile food kitchens. Pricing was not disclosed.Visa Inc. said banking giant Goldman Sachs will deploy Visa’s B2B Connect and Visa Direct Payouts platforms to speed cross-border business-to-consumer and business-to-business payments for Goldman client …
Read More »68% of Merchants Cite the Pandemic As a Factor in the Chargeback Spike, Report Finds
Just as the Covid-19 pandemic spurred many consumers to turn to online shopping, merchants have experienced a corresponding increase in their chargeback rates. Sixty-eight percent of merchants said the pandemic affected their chargeback rates, found the second annual Chargeback Field Report from Chargebacks911, a chargeback-management platform. Clearwater, Fla.-based Chargebacks911 also …
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