Great American Ball Park, home of Major League Baseball’s Cincinnati Reds, will offer a contactless mobile payment service called Reds Pay this baseball season. Reds Pay uses a white-label service from Tappit, a United Kingdom-based payments-technology company. April 1 is the opening day for MLB games. Major League Baseball’s San …
Read More »Soaring Levels of Tap-and-Pay Transactions Will Stick in Post-Covid Times, CardFlight Predicts
Contactless payments at small businesses served by point-of-sale technology provider CardFlight Inc. soared 296% in the past year, according to the payments provider’s latest Small Business Report. The report, initiated a year ago at the start of the Covid-19 pandemic, also found that overall sales at small businesses increased 56% …
Read More »Debit Use And Contactless Payments Are up After a Year of Covid, PSCU Notes
Debit is the most preferred payment option among consumers and contactless payments have doubled in the year since the declaration of the Covid-19 pandemic. That’s the assessment from the “Tracking Transaction Trends” report for the week ending March 7 from PSCU, a credit union service organization. Debit card spend for …
Read More »A Sneak Peek From Visa Shows U.S. Debit Volume Growth Continues As Credit Volume Dips
Visa Inc. said U.S. debit volume increased 31% in January and 16% in February over the comparable 2020 months, while its credit volume dipped 6% and 8%, respectively. In an 8-K filing, Visa, which did not release actual volume data, said for the quarter to date overall U.S. payments volume …
Read More »Eye on Parking: ParkMobile Sold to EasyPark And Fast Park Adds Contactless Payments
ParkMobile LLC will have a new owner with the pending sale of its parent company, Park Now Group, to EasyPark Group. Announced Tuesday, the deal will see Atlanta-based ParkMobile, which says it has more than 22 million users in 450 cities, become part of Stockholm-based EasyPark. Park Now has been …
Read More »CardX Wins Its Kansas Surcharging Suit. Surcharging Bans Remain in Only Three States
CardX LLC, a surcharging-services provider, can now add another state to the list of places where it can do business. A federal judge ruled Thursday surcharging cannot be prohibited in Kansas. The decision leaves just Colorado, Massachusetts, and Connecticut with outright no-surcharge rules on the books. Filed May 29, 2020, …
Read More »An Unenviable Ranking: Payments in Financial Services Draw the Highest Rate of Fraud Attacks
Payment transactions within the financial-services sector had the dubious distinction of having the highest rate of fraud attacks in the second half of 2020, according to latest Cybercrime Report from LexisNexis Risk Solutions. Alpharetta, Ga.-based LexisNexis Risk Solutions says payment transactions in financial services had an attack rate of 3.6% …
Read More »Eye on P2P Payments: MoneyGram’s Digital Business Grows 79% And Zelle Finds Another Bank Home
MoneyGram International Inc. reported its digital business generated $57.4 million in the fourth quarter, up 79% year-over-year. Real-time transfers via Visa Direct transactions grew 650%. Meanwhile, Rising Bank, a division of Midwest BankCentre, has added Zelle, a person-to-person payments service, to its product roster. Dallas-based MoneyGram said MoneyGram Online, its …
Read More »Fully 30% of Retailers Plan POS Software Replacement in Next 12 Months, Report Finds
As digital commerce sees greater consumer adoption, the impact is being felt at the point of sale. Retailers’ top priority for 2021 is to grow or enhance their digital-commerce efforts, with 85% citing this ambition in the 2021 POS & Customer Engagement Survey Report released this week by Retail Consulting …
Read More »Debit Card Use on Amazon Soars 70%, PSCU Report Finds
With little indication e-commerce spending is slowing, consumers are favoring using their debit cards on Amazon.com Inc., with a 70% increase in debit card transactions at the giant e-commerce retailer for the week ending Feb. 7, compared to the week ending Feb. 9, 2020. That’s according to the latest Tracking …
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