The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …
Read More »Visa Joins Nacha’s Phixius Information-Exchange Pilot
Card-brand giant Visa Inc. is joining a payment-information exchange test operated by Nacha, the network operator for the automated clearing house system. Dubbed Phixius, the exchange could expedite the sharing of payment information between payees and payers and can allow for multiple payment types, including ACH, wire, card, and others. …
Read More »Eye on Contactless: Touchless Comes to Wynn Resorts And Klarna Adds a Google Pay Option
More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …
Read More »Consumers Would Switch Merchants for a Contactless Payment Option, Says a Visa Survey
Contactless payments apparently have sway with U.S. consumers. Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. The effects of the pandemic, and the resulting …
Read More »Eye on POS Systems: Revel Lands Moe’s Southwest Grill And a Grocer Begins NCR Emerald Installs
Cloud-based point-of-sale systems continue to gain share among merchants. In the latest news, Revel Systems said Moe’s Southwest Grill will install its cloud-based point-of-sale system in its more than 700 restaurants, and NCR Corp. said the Bashas Family of Stores grocery chain is rolling out NCR Emerald at all of …
Read More »Chargebacks911 Debuts a Chargeback-Management Tool for Financial Institutions
Chargebacks reverberate throughout the payment stream, and now Chargebacks911 has released a tool that it says will help financial institutions better manage them. Dubbed Fi911, the tool is meant to automate procedures and make them more efficient, Clearwater, Fla.-based Chargebacks911 says. The company says more chargeback inquiries are being directed …
Read More »Some E-Commerce Categories Return to Growth While Small Business Sales Continue Double-Digit Rise
While e-commerce sales overall have ballooned for many merchants since the March 11 declaration of the Covid-19 pandemic, health-and-beauty and business supplies generally did not. Until last week. Online business supplies sales were up 21% and health-and-beauty sales were up 20% for the week of June 16-22, reports the Signifyd …
Read More »7-Eleven Launches a Fuel Loyalty And Payments Program While Its Mobile Checkout Arrives in Utah
7-Eleven Inc. is testing a fuel loyalty program that also provides a contactless payment option with Siri functionality for iPhone users. The convenience-store chain also is expanding its mobile checkout capability through its app to Utah locations. Irving, Texas-based 7-Eleven is testing the fuel loyalty service in Orlando, Fla., northern …
Read More »Eye on E-Commerce: More Older Online Shoppers; PSCU Notes Continued Strong Online Debit Use
More older consumers—those 45 years old or more—are likely to pick up online shopping as a routine shopping channel, predicts eMarketer Inc. The New York City-based research firm forecasts a 5.8% increase in the number of online shoppers in that demographic. That is up from the earlier forecast of 3.2%. …
Read More »Maverick Payments Debuts Gateway and other Digital Transactions News briefs from 6/22/20
Maverick Payments launched its payment gateway, which supports 3-D Secure, account updaters, and interchange optimization.Digital-payments technology provider Checkout.com announced a $150 million Series B funding round, valuing the company at $5.5 billion. The round, led by technology fund Coatue, tripled the company’s value.ATM and point-of-sale hardware and software provider Diebold Nixdorf Inc. said it generated …
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