Thursday , September 19, 2024

Credit Cards

Publix Adding Payments to App and other Digital Transactions News briefs from 6/10/19

Publix Super Markets Inc. is adding a payments feature to its mobile app, first with a version for iOS devices and later for Android devices, according to The Ledger in Lakeland, Fla. Publix has 1,218 grocery stores in the Southeast, including 800 in Florida. Amazon.com and Synchrony Financial launched the …

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Discover CFO Retiring and other Digital Transactions News briefs from 6/6/19

Discover Financial Services chief financial officer R. Mark Graf will retire in early 2020, Discover announced. Graf joined Discover in 2011. The company has hired an executive-search team to find his successor. American Express Co. enhanced the rewards package on its Gold Card; cardholders will now get 4-times Membership Rewards …

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About 200,000 Card Numbers from Medical Collections Agency for Sale, Researcher Says

A data-security services firm says it has spotted approximately 200,000 payment card numbers in online fraudster marketplaces stolen from a collections firm serving diagnostic laboratories, but it expects more to come up for sale later. Secaucus, N.J.-based Quest Diagnostics Inc. reported Monday that financial and other data on some 11.9 …

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Western Union Adds Visa Direct and other Digital Transactions News briefs from 6/5/19

The Western Union Co. said it will enable Visa Inc.’s Visa Direct real-time push-payment service. The move follows the remittance-processing company’s announcement in late 2017 that it would adopt Mastercard Inc.’s rival service, Mastercard Send. Merchant processor VizyPay launched a program called Cash Discount 2.0, which calls for merchants to …

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PayFi Adds Real-Time Payments Option and other Digital Transactions News briefs from 6/4/19

PayFi, which provides a banking platform, said it will offer real-time payments services from The Clearing House Payments Co. LLC to community banks. Most U.S. consumers—38%—are likely to use a credit card for online subscription payments, finds a report from GoCardless, a recurring-payments company. Thirty-four percent choose a debit card, …

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MagicCube Looks to NTT to Help Bring PIN-on-Glass to Merchants in Japan

For decades, PIN entry has been restricted to specialized hardware devices, such as PIN pads on ATMs and at the point of sale. On Monday, a Santa Clara, Calif.-based software company headed by a former Visa Inc. executive said it will start offering to retailers in Japan its technology for …

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i3 Verticals Acquires Pace Payment and other Digital Transactions News briefs from 6/3/19

i3 Verticals Inc. completed its $52.7 million acquisition of Pace Payment Systems Inc. Pace specializes in selling payments services in the public and education sectors. Avis Car Rental, a unit of Avis Budget Group Inc., launched a split-payment feature in its mobile app. Called Split My Bill, the feature enables …

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First New York Transit, Then Everywhere Else for U.S. Contactless Push

As New York’s Metropolitan Transportation Authority inaugurates contactless payment for fares Friday, major card brands are intensely marketing the tap-and-pay service. Mastercard Inc. announced its Fareback Friday program to reward cardholders for paying for their New York subway rides with a contactless Mastercard product. Consumers may be able to get …

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Visa’s Kelly Takes a Dark View of Faster Payments, Just Not Visa’s Faster Payments

Visa Inc.’s chief executive this week questioned the drive for real-time payments by U.S. banks and merchants, but also argued Visa’s recent acquisition of business-to-business payments processor Earthport plc will help the company expand real-time payment capability beyond cardholders. Visa closed on London-based Earthport last month after winning a bidding …

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Visa Says EMV Chip Cards Continue To Gain Share and Cut Counterfeit Fraud

EMV chip cards continued to gain share of U.S. card payments in early 2019, although their conquest is not yet complete more than three years after the payment card networks’ EMV liability shifts. But Visa Inc. says counterfeit fraud is dropping sharply, as intended. Visa reported Thursday that 3.5 million …

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Digital Transactions