PayPal Holdings Inc. began working with the Canadian e-commerce giant Shopify Inc. two years ago in France, and now the two are bringing the act to the U.S. market. PayPal said early Monday it has agreed to process card transactions for Shopify’s gateway, Shopify Payments, in an arrangement that could …
Read More »Adyen Rolls Out ‘Intelligent Routing’ in Response to Debit Network Choice
Adyen NV early Monday began launching what its calls an intelligent-routing service for debit cards intended to reduce merchants’ debit-acceptance costs and increase authorizations for purchases. The service, which enables Adyen to choose which network to route transactions over, was developed primarily in response to the Federal Reserve’s 2023 statement …
Read More »MyKaarma’s Surcharge Compliance and other Digital Transactions News Briefs from 9/9/24
MyKaarma, a payments service for automobile dealers, said its surcharge service, myKaarma Surcharge, has achieved compliance with Honest Pricing Laws that have been enacted in several states, including California and New York. Surcharging allows merchants to add their cost of credit card acceptance to a bill when a customer presents a credit …
Read More »AmEx Looks to Smooth Checkouts With a Web-Based Card-on-File Move
American Express Co. expects its pilot program enabling cardholders to add their payment information at participating online merchants will please cardholders and make for smoother checkouts. The pilot, announced Thursday, allows AmEx cardholders to add or update their card information and store it for use at a participating merchant through …
Read More »Chase Email Readies Cardholders for Paze and other Digital Transactions News Briefs from 9/6/24
Chase emailed its cardholders Friday that it will soon offer Paze, a new online checkout service from Early Warning Services LLC, and that eligible Chase credit and debit cards will be linked to Paze. The bank will notify cardholders when Paze is ready for use. Chase also provided the option to opt …
Read More »With Paysemble, Opus Looks to Simplify Payment App Integration
Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …
Read More »Eye on Processing: EMS’s LegitScript Tie-in for Health Care; Insurer Picks InvoiceCloud for Billing and Payment Improvements
Electronic Merchant Systems LLC is teaming up with LegitScript to give its health-care merchants access to a certification tag, while InvoiceCloud says Western National Insurance Group picked it for a new digital-payment and policyholder-relations service. Cleveland-based EMS, which processes approximately $6 billion in annual volume for 25,000 merchants, says the …
Read More »U.S. Bank’s New Smartly Card and other Digital Transactions News briefs from 9/4/24
U.S. Bank said it is launching two new products, the Smartly Visa Signature card and the Smartly Savings account. The former offers as much as 4% cash back on transactions. Some 48% of consumers in the U.S. market are using digital wallets for payments, up from 38% in 2021, according to …
Read More »Jack Henry Partners With Moov to Streamline Payments for Small Businesses
Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …
Read More »Fiserv SMB Index Flat and other Digital Transactions News briefs from 9/3/24
The Small Business Index from the big processor Fiserv Inc. stood at 141 in August, with no change from July. Year-over-year, small-business sales were up 1.6%, while total transactions grew 5.7%, according to the Index. The research is based on in-store and online transaction data from roughly 2 million U.S. small businesses, …
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