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 …
Read More »Eye on POS: EVO Debuts SimpleTab for Hospitality And GiftLogic Pairs up With Paystri
EVO Payments Inc. says its new SimpleTab point-of-sale feature can reduce table-turnover time for hospitality merchants. Meanwhile GiftLogic says it has integrated Paystri, a payments-technology company, into its POS software. The SimpleTab payment feature from Atlanta-based EVO works with the Ingenico Move/5000 payment terminal and supports EMV, contactless, and swipe card …
Read More »A Multiple-Acquirer Strategy Can Yield Improved Conversion Rates, Study Finds
Merchants that use multiple acquirers may benefit from more than just payment-acceptance resiliency. Some—85%—have seen an increase in their conversion rates, finds a study from Edgar Dunn & Co. commissioned by Naples, Fla.-based ACI Worldwide Inc. In the study, which surveyed 93 merchants and 68 payment-service providers, 43% of the …
Read More »Eye on Crypto: First Boulevard To Test Visa Crypto API and Uphold To Issue Crypto-Enabled Cards
Neobank First Boulevard will test a suite of crypto application programming interface tools as part of Visa Inc.’s digital-currency strategy, Visa announced Wednesday. And Uphold Inc., a platform for digital wallets and cryptocurrency trading, has acquired Optimus Cards UK Ltd. and intends to issue crypto-enabled debit cards in Europe on …
Read More »Mindbody Adds Flex, a Subscription-Payment Fitness Program
Mindbody Inc., a provider of payments services and wellness software to the health and fitness industry, is adding a direct-to-consumer virtual membership program. Dubbed Mindbody Flex, the subscription service offers virtual access to more than 450 independent studios offering virtual fitness and wellness classes. Pricing starts at $39 per month …
Read More »Walmart Adds to Its Financial Services With Western Union Money Transfers at U.S. Stores
Walmart Inc. is adding money-transfer services from The Western Union Co. to its more than 4,700 U.S. stores this spring, the giant retailer announced Tuesday. Western Union will be the third money-transfer provider to be offered at Walmart stores, joining MoneyGram International Inc. and Ria, a subsidiary of Euronet Worldwide …
Read More »More Debit Card Use Translates Into More Debit-Based Returns, PSCU Data Finds
The holiday shopping season may be over, but the holiday returns are coming in at full force. Data from PSCU, a credit union service organization, showcases the impact the rise in e-commerce spending is having on returns. Return purchases using debit cards were up 76.2% for the week ending Jan. …
Read More »Eye on Restaurants: Torchy’s Tacos Taps CardFree, And GoTab Debuts a Contactless Ordering Kit
Mobile point-of-sale specialist CardFree Inc. announced Torchy’s Tacos, with 83 locations across seven states, has adopted its contactless ordering and services technology. Also, restaurant commerce provider GoTab Inc. debuted a contactless ordering starter kit for hospitality operators. San Francisco-based CardFree says the Austin, Texas-based Torchy’s Tacos started with online ordering and …
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