Friday , January 31, 2025

Credit Cards

Western States Acquirers Names 2021 Leaders and other Digital Transactions News briefs from 2/5/21

The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …

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Visa Will Waive Fees for Authorize.Net on Super Bowl Sunday, Launches VisaNet+AI

Visa Inc. is leveraging its sponsorship of the National Football League with a new one-day promotion geared to attract small businesses to its Authorize.Net payment gateway on Super Bowl Sunday, Feb. 7. Visa announced Tuesday that it will waive Authorize.Net’s monthly gateway fee for the life of an account, along …

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Jared Isaacman To Don a Spacesuit and other Digital Transactions News briefs from 2/2/21

Jared Isaacman, founder and chief executive of Shift4 Payments Inc. and an experienced pilot, will command Inspiration4, the world’s first civilian space flight, scheduled for the fourth quarter and mounted in collaboration with SpaceX. Isaacman is also donating $100 million to St. Jude Children’s Research Hospital, which will have two …

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AmEx Wants To Boost Takeout Orders and other Digital Transactions News briefs from 2/1/21

American Express Co. said it is working with its reservation-technology company Resy to encourage cardholders to order out from restaurants. The program includes new dining offers on many AmEx cards.Exactuals LLC, whose PaymentHub platform processes residuals, royalties, and other payments for the entertainment industry, said dollar volume on the platform grew …

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A Tale of Two Halves: On the Dark Web, Trends in 2020 Took a Big Turn in the Middle of the Year

Although the number of stolen credit cards for sale on the dark Web remained steady at around 45 million throughout 2020, some surprising trends emerged when it came to the type of cards for sale and the markets where they originated, says a new report from cybersecurity firm Sixgill. One such …

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As Visa Stages a Comeback From Covid, It Scopes Out Its Chances in Open Banking

Visa Inc. along with many other payments companies was thrown for a loop by the coronavirus pandemic, but now it’s clawing it’s way back on the strength of debit cards, e-commerce, and a real-time payments service called Visa Direct. “In the United States, we are actually back to our prepandemic …

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How Mastercard’s Optimism Rides on Stimulus, Vaccines, And Debit Spending

Mastercard Inc. saw overall payment volumes inch up in the final quarter of 2020, buoyed by rising debit card volumes and such factors as federal stimulus payments in the U.S. market, the card network’s top executives reported Thursday. Looking ahead, the arrival of vaccines to combat the coronavirus pandemic will …

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Mercatus Adds Online SNAP Option and other Digital Transactions News briefs from 1/28/21

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 …

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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 …

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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 …

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