Debit Cards

A report that emerged over the weekend showing a first-ever drop in the ATM count in four of the five largest ATM markets has lent new urgency to the debate over whether electronic payment methods are killing cash—and hence cash dispensers. The report, from London-based RBR, says the number of …

Sezzle, an online provider of installment loans to consumers, will use the Bank of America Merchant Services platform for digital card processing. Lavu, provider of mobile point-of-sale systems for restaurants and bars, certified three receipt printers from Epson America Inc. Lavu previously certified Epson’s Mobilink line of mobile receipt printers. …

JPMorgan Chase & Co. said it will buy InstaMed, a specialist in health-care payments. Terms were not disclosed. In April, InstaMed released an app with a blockchain prototype that it said will demonstrate how the technology can support adjudication and payment for insurance claims, patient billing, and patient payment. NLS …

Consumer-payments services are starting to garner attention among businesses, with 76% of banks having corporate customers asking for automated business-to-consumer payment services. That’s the word from Bottomline Technologies Inc. in its 2019 B2B Payments and Working Capital Management Strategies Survey, released this week. The survey of more than 300 financial …

Conventional wisdom in the payments business has been that the advent and spread of contactless cards would pave the way for wider use of mobile payments. But research released this week indicates that may not be the case. Indeed, far from serving as the training wheels for mobile payments, new …

Boomtown Inc., which provides merchant-support services, raised $12 million in funding led by Telstra Ventures with others participating. The Series B funding will go toward building its Relay Software-as-a-Service platform and additional growth. Boomtown also announced that Robert H.B. Baldwin Jr., a member of the Global Payments Inc. board of …

Processor Adyen N.V. said ride-share service Uber will use Adyen’s 3-D Secure service online and in-app. 3-D Secure is an online authentication standard that, now in its second iteration, uses multiple bits of data to verify elements of a transaction. Unlike the first version, 3-D Secure 2 aims to be …

Automatic Labs Inc., a unit of SiriusXM, announced its Connected Car Assistant is available at major retailers nationwide for $99.99. The product, which consists of an app and an adapter, allows drivers to pay road tolls, among other connected-car functions. Revel Systems Inc. completed the installation of its cloud-based iPad …

Of all e-commerce markets, grocery has long lagged behind in consumer adoption. But now there are signs that may be changing fast. In the year since early 2018, the proportion of U.S. consumers who had bought groceries online in the prior 12 months jumped from 23.1% to 36.8%, according to …

Transaction and dollar volume for Priority Technology Holdings Inc. managed to grow in the first quarter despite the downsizing of the merchant processor’s formerly large online subscription-billing business. Alpharetta, Ga.-based Priority reported Monday that merchant bank card processing volume rose 8.8% to $9.9 billion versus $9.1 billion in 2018’s first …