Sunday , November 3, 2024

Peter Lucas

Eye On Stadiums: Shift4 Adds the Miami Dolphins; Oakview Group Partners With Oracle

Shift4 Payments Inc. extended its reach in stadium payments Wednesday by partnering with the National Football League’s Miami Dolphins and Hard Rock Stadium to process payments for ticket sales for Dolphins games and other events at the stadium. The deal builds on Shift4’s integration with Ticketmaster Entertainment LLC, which was …

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Some Merchants Take Issue with the CCCA

Small businesses claim they have legitimate concerns that their larger counterparts will be the beneficiaries of lower card acceptance costs should the Credit Card Competition Act become law, argues the Small Business Payments Alliance, a trade organization recently formed by the Electronic Payments Coalition. Among the concerns about how the …

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In An About Face, Zelle Banks Issue Refunds to Users Victimized By Scams

Banks in Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, have been issuing refunds to consumers duped by fraudsters into sending money using the network, according to a report Monday by Reuters.  The reimbursements, which the banks have reportedly been paying out since June 30, represent a …

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A New Merchant Group Voices Opposition to a Bill Aimed at Credit Card Acceptance Costs

The political battle over the Credit Card Competition Act has heated up as the Small Business Payments Alliance (SBPA), a recently formed merchant trade group, has come out in opposition to the proposed legislation. The group argues that, if passed, the CCCA would harm small businesses. The SBPA, which held …

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The CFPB Aims To Increase Its Oversight of Non-Bank Digital Wallet Providers

The Consumer Financial Protection Bureau late Tuesday said it is expanding its efforts to increase oversight of large, non-bank technology firms with a proposed rule that would subject companies that issue digital wallets to the same regulations as those that cover wallets from financial institutions. The proposed rule, which would …

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PSCU And Co-op Solutions Merge to Create a Potential Fintech Powerhouse for Credit Unions

Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …

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OpenTable And Uber Team Up To Stimulate Diner Traffic During San Francisco’s Restaurant Week

Restaurant-management platform provider OpenTable Inc. is offering 1,000 vouchers for Uber rides to diners eating at restaurants participating in San Francisco’s Restaurant Week. The promotion is intended to encourage visitors and locals to dine out during the event, which actually runs for two weeks from Nov. 3 through Nov. 16. …

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Nuvei Teams Up With AmEx To Bring Open Banking Technology To Its U.K. Merchants

The big processor Nuvei Corp. extended its reach into open banking Thursday through an agreement with American Express Co. to sell AmEx’s Pay with Bank transfer open-banking solution. Pay with Bank transfer (PwBt) enables consumers to pay for purchases directly from their bank account online or in-store. The partnership comes …

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When It Comes To Workplace Incentives, Employees Prefer Gift Cards  

Gift cards are becoming a popular employee incentive, Fiserv Inc.’s “Q4 2023 Gift Card Survey” finds. Some 80% of respondents say they would prefer a gift card as a reward from their employer, while 9% say they would prefer an event or outing, and 11% would prefer some other type …

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Dwolla’s Latest Integration Is a Deeper Dive Into Open Banking Technology

The payments-technology provider Dwolla Inc. has integrated its Dwolla Connect platform for account-to-account payments in open finance. The integration will enable Dwolla Connect clients to transfer open-finance data to the Dwolla platform, the company says. As a result, financial institutions and third-party open-banking providers, such as Plaid Inc. and MX …

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