Visa Inc. has invested an undisclosed sum in Lisnr Inc., an 8-year-old startup whose technology enables mobile payments via sound waves. The fresh investment follows an initial funding Visa made in the company a year ago.Century Business Solutions said its EBizCharge payment service is certified for the Sage Intacct Marketplace to be …
Read More »Small Business Transaction Update and other Digital Transactions News briefs from 11/12/20
Card-present and card-not-present transactions for small businesses in the CardFlight Small Business Report for Nov. 11 held steady from the week prior. Card-present transactions stood at 14.6% of sales, compared to 12.9% the week before. Card-not-present transactions were at 38.4%, compared with 37.2% a week earlier.MerchantE, a provider of technology to merchants …
Read More »InComm Teams With MoCaFi to Offer Free Reloads to Unbanked Prepaid Card Users
Payment technology provider InComm Payments is partnering with Mobility Capital Finance (MoCaFi), a mobile-based banking platform, to enable MoCaFi Mobility Debit Mastercard cardholders to load their cards at no charge. MoCaFi will absorb any costs related to the reload. The deal enables MoCaFi, which serves unbanked and underbanked customers, to offer …
Read More »Contactless Payment a First for 53% and other Digital Transactions News briefs from 11/11/20
Research from Inmar Intelligence found that 53% of shoppers used a mobile contactless payment option for the first time since the start of the pandemic. Additionally, most—55%—of the 1,000 respondents surveyed said they have been avoiding using cash in general in the same period. A full 28% will avoid retailers not offering …
Read More »Walmart in Canada Will Introduce Debit on Apple Pay And Google Pay Via Interac
Walmart Inc. will start next spring allowing customers in Canada to pay with debit in-app and in-browser using wallets like Apple Pay and Google Pay, the Canadian national payments network Interac announced Tuesday. Interac positions the new service as enabling so-called proprietary wallets, which it confirmed includes the apps from …
Read More »Nacha’s First Phixius Transaction and other Digital Transactions News briefs from 11/10/20
Nacha announced the first transactions on its Phixius network, which facilitates information exchange between payors and payees using the automated clearing house network. The Phixius network relies on standardized open application programming interfaces. Nacha announced in February its intention to develop Phixius. Visa Inc. joined in August.Authentication services provider Paay and Bluefin Payment Systems, …
Read More »Eye on Digital Payments: How Covid Is Impacting Business Payments; Contactless Guidance Emerges
The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …
Read More »PDI in Touch-Free Payment Service with NCR and other Digital Transactions News briefs from 11/9/20
Professional Datasolutions Inc., which acquired private-label debit provider ZipLine in June, said it is working with NCR Corp. on a touch-free mobile payment service for the convenience-store industry.Payment card use among travel companies remained substantially down year-over-year, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the …
Read More »Cash App Delivers for Square in a Tough Year for Merchant Processing
In a year in which a fearsomely spreading virus has shut down many businesses and wrecked some, merchant-services provider Square Inc. has had to lean more heavily than ever on the other part of its business—the 7-year-old peer-to-peer payment service Cash App. And in the quarter ended Sept. 30, Cash …
Read More »Small Sellers See Higher Tickets And Fewer Transactions, But Is Covid’s Surge the Culprit?
October ended on a whimper for small-business payment volumes, but whether that’s because of a new surge in Covid-19 or due to seasonality is hard to tell, experts say. CardFlight Inc., which supplies point-of-sale technology for small businesses and has been tracking their sales since the Covid-19 pandemic set in …
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