Grocery commerce provider Mercatus launched its SNAP EBT Online service that enables recipients of Supplemental Nutrition Assistance Program benefits to order and pay for groceries online.Alliance Data Systems Corp. said its Bread unit is licensing its payments technology to Royal Bank of Canada to support the bank’s PayPlan point-of-sale installment-lending service. Alliance Data …
Read More »3dcart Rebranded as Shift4Shop and other Digital Transactions News briefs from 1/27/21
Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.Visa Inc. has …
Read More »AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending
In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …
Read More »Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21
Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …
Read More »Debit Card Growth Outpaces Credit Cards and other Digital Transactions News briefs from 1/25/21
Growing numbers of consumers continue to grab their debit cards when shopping, with the overall U.S. spend made with debit cards up 25% for the week ending Jan. 17, compared to the week of Jan. 19, 2020, according to the PSCU Tracking Transaction Trends report issued Monday. Credit card spend was up …
Read More »Rellevate To Power Richard Petty Gift Cards and other Digital Transactions News briefs from 1/22/21
Fintech Rellevate Inc. announced a multiyear licensing and distribution agreement with Richard Petty Motorsports for gift and reward cards depicting NASCAR icon Richard Petty. The cards will be issued by Sutton Bank.CommentSold, a 3-year-old social e-commerce site, said it added 2,000 merchants in 2020 and saw record growth in gross merchandise value …
Read More »Discover Posts Volume Gains for Its Payments Properties But Logs an Overall Revenue Drop
Discover Financial Services reported mixed results Thursday for the fourth quarter of 2020. Despite a 4% decline year-over-year in revenue, which totaled $2.82 billion, Discover’s net income rose 13% to $799 million. Payment Services volume totaled $70.1 billion, up 6% year-over-year, with all four legs that comprise the division—the Discover …
Read More »A Look at the Dark Web Shows How Thieves Market Payment Data—And the Prices They Get
Much has been written over the years about the seemingly unending succession of data breaches involving credit card and other personal payment data. But little is known about the so-called dark Web, the sites where these data thieves set up shop to sell what they’ve pilfered. It turns out these …
Read More »Restaurant Volume Dips and other Digital Transactions News briefs from 1/20/21
Transaction volume for hotels and restaurants fell between 40% and 50% in December compared to December 2019, according to numbers released by payments provider Shift4 Payments Inc. Retail and e-commerce businesses, on the other hand, saw a year-over-year increase in volume last month for the first time since the pandemic set in.Xformative …
Read More »Givingli Picks Blackhawk for Digital Gift Cards and other Digital Transactions News briefs from 1/15/21
Givingli Inc., an app provider for virtual greeting cards and gifts, will use the Blackhawk Network platform to allow app users to send digital gift cards.Gateway NMI outlined its 2021 ambitions, including launching a tap-on-phone solution that will build on its recent partnership with Mastercard Inc.’s Cloud Tap on Phone.Gamber-Johnson LLC, a maker of mounting …
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