Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …
Read More »Eager Consumers Buoy Transaction Volume for Eateries And Hotels, Shift4 Data Shows
Seasonal expectations of a September slowdown in payment volume failed to fully materialize, suggests new data from Shift4 Payments Inc. Its data shows that payment volume was relatively consistent through August and September in most of the country. Though the hospitality segment continues to experience lower transaction volumes compared to the …
Read More »A Survey Quantifies How Consumers Are Displacing Cash in Favor of Cards
Consumers are replacing cash with payment cards during the Covid-19 pandemic, according to the “Purchasing in a Pandemic” report issued by Visa Inc. and consultancy The Strawhecker Group. Among the findings is that 26% of respondents expect to use less cash following the pandemic when compared to before. That, coupled …
Read More »The Move to Digital Payments And Accounts Carries Risk for Businesses, Report Says
As more consumer and business activity, let alone shopping, migrates to digital channels, the potential for additional risk increases. A new white paper from Giact Systems LLC outlines where some of the risk may be emerging. The Allen, Texas-based payments and identity-fraud prevention firm said undetected fraud can erode consumer …
Read More »Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show
Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …
Read More »Priority Teams With Behalf on a Merchant Financing Option
Priority Technology Holdings and its Priority Payments Systems and Priority Commercial Payments units are working with business-to-business credit provider Behalf Inc. to allow Priority clients to finance purchases at checkout through Behalf rather than through cash, check, or credit card. The move comes as many small businesses continue to contend with …
Read More »Sam’s Club’s Scan & Go Pulls Up at the Fuel Pump
Sam’s Club, the warehouse-retail arm of Walmart Inc., is bringing its Scan & Go self-checkout technology to more than 500 Sam’s Club fuel stations. Called Scan & Go Fuel, the mobile-payment service will enable consumers to make contactless payments using the Sam’s Club app at 518 Sam’s Club locations by …
Read More »BuyLottoNow Offers Decoupled Debit To Entice Merchants
Convenience-store operators wanting another way to accept payments for lottery games have a decoupled-debit option with the launch of the BuyLottoNow program. The program, provided by iVertical Payment Network LLC, Boca Raton, Fla., charges no fees to merchants, but charges consumers 30 cents per transaction. Consumers enroll a checking account …
Read More »Attack Rates Have Dropped, But New Account Creation Fraud Persists, Report Finds
Human-initiated cybercrime attacks in the United States and Canada decreased 6% in the first half of 2020 compared to the same period in 2019, finds the biannual Cybercrime Report from LexisNexis Risk Solutions. Even automated bot attacks dipped—by 0.3%—in the period. But, as with all things related to online fraud, …
Read More »Amid a Reset, USA Technologies Added More Than 3,600 Customers for the Year
Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …
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