Volume in some of its foreign markets is still way down as a result of the Covid-19 pandemic, but leading non-bank ATM network operator Cardtronics plc reported Monday that same-store U.S. cash-withdrawal transaction volumes were off only 3% in the first half of June from a year earlier. PSCU, a …
Read More »Paysafe’s Skrill Adds Loyalty Program and other Digital Transactions News briefs from 6/15/20
Paysafe Group said it has expanded its Knect loyalty program for its Skrill digital wallet to the U.S. market. The program offers points that can be redeemed for cash when users perform transactions using the digital wallet or a linked Skrill Visa prepaid card. Last week, Paysafe launched its Skrill Money Transfer service …
Read More »A New E-Commerce Normal? and other Digital Transactions News briefs from 6/11/20
E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.Retail sales in the CardFlight Small Business Impact Report for the …
Read More »59% Shopping More Online and other Digital Transactions News briefs from 6/10/20
Fifty-nine percent of all respondents to a survey by CouponFollow LLC, a provider of discount codes for online shoppers, are doing more online shopping as a result of the Covid-19 pandemic, and that jumps to 65% when looking just at the Gen-Z generation.A technology startup called BellyMelly launched a food-ordering app that lets …
Read More »VizyPay, Clover, And Cash Discounts and other Digital Transactions News briefs from 6/9/20
Independent sales organization VizyPay LLC launched a cash-discount app for Fiserv Inc.’s Clover point-of-sale systems; the app, an extension of VizyPay’s cash-discount program, is available in the Clover App Market.MoneyGram International Inc. reported a doubling of its digital-transaction volume in May from May a year ago. Growth in this category in the first …
Read More »Covid-19’s Payment Choice Impact and other Digital Transactions News briefs from 6/8/20
Fearing Covid-19, consumers are less likely to use any method to make a payment in a store these days, but 20% say they have used a smart phone or smart watch do so in the past week, no change from a year ago, even though fewer say they have used a debit …
Read More »Touch-Free Commerce Takes Root As Contactless Payments Surge 150% Among Cardknox Merchants
More evidence that consumers are finally adopting contactless payments emerged as Cardknox, a payment gateway, noted a 150% increase in contactless payment use from just from November to April. Announced Thursday, the increase, albeit lacking volume details, indicates consumers’ mindfulness about reducing physical contact with point-of-sale terminals. Cardknox said some of …
Read More »Visa Reports Improving Volume Trends in May
U.S. payment volume growth was still in negative territory in May thanks to the Covid-19 pandemic, but the picture was brighter than it was in April, Visa Inc. reported late Monday. “In May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April,” Visa said …
Read More »Green Dot Links With Welcome Technologies to Bring Banking Services to Hispanic Immigrants
Green Dot Corp.’s new chief executive, Dan Henry, made no bones earlier this month about the strategic importance of the company’s bank, and now a new banking-as-a-service program from the Pasadena, Calif.-based company shows how that asset can be deployed to win the loyalty of one of America’s largest immigrant …
Read More »The U.S. EMV Chip Card Count Surpasses 1 Billion
Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up …
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