Priority Technology Holdings Inc., a payments provider, reported $15.8 billion in June-quarter bankcard processing volume, up 4.5% year-over-year. For the first half of the year, volume came to $30.6 billion, up less than 1%. Revenue for the company totaled $219.9 million for the quarter, up 21%. For the first half, …
Read More »Walgreens Adds Instacart Online SNAP and other Digital Transactions News briefs from 8/6/24
Drug store chain Walgreens announced it is enabling online SNAP/EBT payment acceptance via Instacart nationwide at more than 7,500 Walgreens stores, including more than 100 Duane Reade stores in New York. Most Walgreens locations already accept SNAP/EBT payments in store. Walgreens also added DoorDash Inc.’s SNAP/EBT acceptance earlier this year. In related news, Instacart also announced …
Read More »Bitcoin Depot Expands Its Merchant Network And Exceeds 8,000 Bitcoin ATMs
Bitcoin Depot Inc. has added more than 1,500 merchants across six more states to its BDCheckout program, which allows consumers to load cash into their Bitcoin Depot wallets at participating merchants. The expansion brings the number of BDCheckout merchants to 7,723 in 31 states. The new states into which Bitcoin …
Read More »U.S. Bancorp Merchant Revenue up and other Digital Transactions News briefs from 7/17/24
U.S. Bancorp generated $454 million in merchant processing services revenue in the second quarter, up 4.1% from $436 million in the year-ago quarter. Private-label card specialist Synchrony Financial posted $3.7 billion in second-quarter revenue, up 12.1% from $3.3 billion in the 2023 second quarter. Net income of $643 million increased 13% from $569 …
Read More »British Regulators Eye Digital Wallets and other Digital Transactions News briefs from 7/16/24
Two British regulatory agencies will examine the practices and policies of digital wallets offered by technology firms, according to a report on SeekingAlpha.com. Specifically, the Financial Conduct Authority and the Payment Systems Regulator want to know the benefits and risks of digital wallets. Restaurant reservation platform OpenTable said it will offer eligible Visa Inc. …
Read More »As Users Return to ATMs, Guidance Emerges for Contactless Transactions With And Without Cards
The onset of the covid pandemic spurred deployers and developers to bring contactless technology to the ATM, and now industry organizations are offering guidelines on the matter as deployers look to widen acceptance of contactless cards and mobile devices. Calling contactless technology “table stakes” for most consumers, the Redwood City, …
Read More »Square’s Restaurant Boosts and other Digital Transactions News briefs from 5/14/24
Block Inc.’s Square point-of-sale technology unit announced a slew of restaurant initiatives, including a link with distributor Performance Foodservice to market Square to 125,000 U.S. and Canada-based clients; integrations with dining-technology providers; links to restaurant associations in Illinois, California, and New York state; and a recommendation engine based on machine learning. Square …
Read More »Just 38 Developers Take Apple’s Offer and other Digital Transactions News briefs from 5/13/24
Just 38 app developers have so far applied to Apple Inc. to enable payment processors outside of Apple’s proprietary payment system, the iPhone maker said. That’s out of 65,000 developers that were eligible to apply, according to Bloomberg. The report follows legal action that required Apple to make the alternatives available for apps. Ohio-based …
Read More »Mastercard Begins Domestic China Processing and other Digital Transactions News briefs from 5/10/24
Mastercard Inc. has started processing card payments domestically in China, working with its partner NetsUnion Clearing Corp. (NUCC), China’s nationwide processing platform. Gift card and loyalty provider Factor4 completed an integration with commerce services provider Shopify Inc. that enables Shopify customers to sell and accept physical and digital gift cards in store and …
Read More »A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal
The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …
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