Credit Cards

The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …

U.S. consumers have made the credit card their favorite online and face-to-face spending method, with 31.5% using it online and 40% choosing it for in-store transactions last year, according to the Worldpay Global Payments Report 2018. Released late last week, the report also found that debit cards and digital wallets, …

Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the …

More than 40% of retail executives surveyed for the National Retail Federation’s latest payments study say they have already dropped signature requirements for payment card transactions or plan to do so before this year is out. Another 13% plan to end signature requirements in 2019. The actions come in the …

Consumers still have fears about the safety of mobile payments, according to new findings from credit-union service organization PSCU. PSCU’s Eye on Payments survey released Thursday comes at least a decade after payments companies and researchers first determined that security concerns were holding back adoption of online and at the …

The era of the smart point-of-sale terminal has already dawned, and now the race is on for dominance. North American Bancard Holdings LLC on Thursday launched its PayAnywhere smart terminal, which runs on NAB’s PayAnywhere mobile-payment software. The move follows news earlier this week that terminal startup Poynt Co. is …

Payments provider SignaPay released a mobile app for Apple and Android devices called PayLo Mobile Sales to help sales agents selling the PayLo Cash Discount product. Installment-payments provider Sezzle said it raised $100 million in funding from Bastion Capital. Since launching the service more than a year ago, Sezzle says …

Ever since mobile payments first captured the public imagination four years ago with the launch of Apple Inc.’s Apple Pay, experts have debated why usage of the iOS and Android wallets has fallen short of the original, lofty expectations. Some speculate that usage would rise markedly if the mobile wallets …

Vending machine payments provider USA Technologies Inc. reported Wednesday that The NASDAQ Stock Market LLC has accepted its plan to regain compliance with its listing rule. The company, however, still hasn’t completed an internal investigation of customer contracts that has delayed the filing of its financial reports. The NASDAQ in …

Boosted by its 2017 acquisition of Singular Payments, merchant processor Payment Data Systems Inc. said its credit card transactions rose 109% year-over-year in the third quarter and dollar volume rose 112%. Revenues increased 80% to $6.47 million from $3.59 million in 2017’s third quarter. The company reported a net loss of …