Monday , December 2, 2024

Credit Cards

Pushpay Updates for the Religious Sector and other Digital Transactions News briefs from 10/30/18

Prepaid-card provider Card.com said it will feature images of top National Football League players on Visa-branded prepaid cards in a deal with the NFL Players Association. More than 200 player image cards are available. Pushpay Holdings Ltd., a specialist in payments to the U.S. religious sector, said it now offers more …

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First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants

First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …

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COMMENTARY: Why an Omnichannel Strategy for Mobile Payments Is Crucial for Merchants

It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay has ushered in the modern era of mobile payments. These “Pays” have been joined by mobile-payment solutions from retailers like Starbucks and Walmart, and together with P2P apps that can be used at …

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Ripple Doubles XRP Sales and other Digital Transactions News briefs from 10/29/18

Mobile-payments company PayByPhone said consumers can use its app to pay for parking operated by Tacoma Platinum Parking Partners. PayByPhone said the service covers more than 100 parking spaces in the Washington city. Ripple Labs Inc. said it sold $163.3 million of its XRP cryptocurrency in the third quarter, more …

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New CEO Says Payments Are a ‘Big Part’ of Discover’s Growth Strategy

Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded …

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Visa CEO Predicts 100 Million Contactless Cards in a Year

Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But chief executive Alfred F. Kelly gave an eyebrow-raising statistic Wednesday regarding …

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As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants

Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts. New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their …

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WEX To Acquire Bill-Pay and Virtual Card Specialist Noventis

Fleet-fueling and corporate-payments provider WEX Inc. reported this week that it has a deal to acquire Noventis Inc., a bill-payment network and virtual card specialist. South Portland, Maine-based WEX said in a news release that it already has a “longstanding relationship” with Noventis as a supplier of virtual cards for …

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AmEx Acknowledges Investigation and other Digital Transactions News briefs from 10/24/18

Processor Total System Services Inc. (TSYS) said its Merchant Solutions unit processed 1.53 billion point-of-sale transactions in the third quarter, a 22% increase from 1.26 billion a year earlier. Sales volume rose 30% to $40.9 billion. The Consumer Solutions segment, which includes the Netspend prepaid card operation, posted gross dollar …

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As an E-Commerce Payment Spec Goes out for Comment, ‘Commercial Applications’ Could Emerge by Early Spring

With a major new—and somewhat controversial—e-commerce standard now entering a 45-day comment phase, the payments industry is likely to have at least some “commercial applications” ready by early spring, the top executive in charge of Visa Inc.’s implementation tells Digital Transactions News. The specification, known as Secure Remote Commerce, has …

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Digital Transactions