Acquiring

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 …

With the Covid-19 pandemic accelerating consumers’ use of contactless cards and mobile wallets, merchants can expect hackers to target contactless transaction data at the point-of-sale, says Ruston Miles, founder and advisor at Atlanta-based Bluefin Payment Systems LLC. The main point of vulnerability in a contactless environment at the physical point-of-sale …

Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …

Walmart Inc. reported its U.S. e-commerce sales increased 97% year-over-year in the June quarter.Card-issuing platform Marqeta Inc. has released Marqeta 3D Secure to help issuers combat online fraud and meet regulatory requirements in certain markets. 3D Secure is an authentication protocol developed by the major card networks.Cardknox Development Inc. announced its payments gateway is …

More evidence emerged Monday that, for all of its horrors, the coronavirus has been a boon for mobile wallets and for contactless payments generally. Wallets, which struggled to win consumer adoption in the United States even with backing from popular tech firms like Apple Inc. and Google, are increasingly turning …

American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …

Movie theater chain Cinemark Holdings Inc. announced it is encouraging consumers to use contactless payments when it reopens its locations beginning Friday.Curb, a mobile platform for taxi-ride hailing and payments, said the city of Chicago Department of Business Affairs and Consumer Protection is the first client for a new service aimed at …

There’s been a lot of buzz around recent reports—notably one in The New York Times—that Square has been withholding money from merchants. Apparently, with little to no warning, the company has been holding back up to 30% of merchant sales in some cases. The merchants affected, obviously, aren’t pleased. With …

A program launched last year by the U.S. Department of Agriculture to let holders of electronic benefit transfer cards spend their benefits online has quickly expanded to 42 states and the District of Columbia, up from just seven states as recently as March, according to Fiserv Inc., which is working …

Kallpod LLC announced its Kontactless Quick Response code-based payment service is now available at select Hyatt, Courtyard Marriott, and Hilton locations. Consumers can place orders for food, beverages, and merchandise to be delivered where the user is sitting. They scan a QR code at a table or seat, which opens a …