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 …
Read More »Grocery, an Online Laggard, Is Perking up Fast, Though Most Users Still Buy Little
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 …
Read More »Priority Technology Focuses on Growing Segments as Subscription-Billing Business Shrinks
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 …
Read More »PayByCar Allies With P97 on a Pilot for Gas Purchases Using E-ZPass Toll Tags
A system that allows drivers to pay for gasoline at the pump using their E-ZPass toll tag took a step forward Monday with an announcement that P97 Networks Inc., a provider of in-vehicle payments services, will resell the PayByCar service from Verdeva Inc. Houston-based P97 says it has certified PayByCar …
Read More »Demand for Dual-Interface Cards Contributes To Big U.S. Growth at CPI Card Group
Boosted in part by growing card-issuer demand for chip cards that support both contact and contactless payments, card manufacturer CPI Card Group Inc. on Thursday reported a 32% first-quarter increase in sales of U.S. credit and debit cards. Littleton, Colo.-based CPI didn’t specify how much dual-interface cards, which can handle …
Read More »Cardlytics Monthly Users Increase 85% and other Digital Transactions News briefs from 5/10/19
Cardlytics Inc., a company that uses purchase data to help financial institutions manage their rewards programs with retail partners, reported its count of monthly active users reached 108.5 million in the first quarter, up 85% over the first quarter of 2018, as users from new clients JPMorgan Chase & Co. …
Read More »Green Dot’s Shares Tumble After Management Announces a $60-Million Plan
Green Dot Corp. saw its shares plummet Thursday morning after its chief executive late Wednesday surprised stock analysts with a plan to invest $60 million later this year in initiatives aimed at expanding the company’s reach into new markets for banking services. At mid-morning, the Pasadena, Calif.-based payments company was …
Read More »BofA Mulls Ending First Data JV and other Digital Transactions News briefs from 5/9/19
Bank of America Corp. is considering not renewing its merchant-acquiring joint venture with First Data Corp., known as Bank of America Merchant Services, when the contract ends in June 2020, The Wall Street Journal reported, citing unnamed sources. BAMS is the nation’s third-largest acquirer, having processed $840 billion in payment …
Read More »ACH Q1 Volume at 6 Billion and other Digital Transactions News briefs from 5/7/19
NACHA said automated clearing house volume in the first quarter totaled 6 billion payments that included 3.5 billion debit transactions and 2.5 billion credit transactions. Internet-initiated payments increased 10.3% to 1.6 billion. Same-day ACH transactions totaled 52.7 million, up 24% from a year prior. NACHA also launched the NACHA Corporate …
Read More »Denver Transit Riders Can Now Use Uber To Buy Tickets
Denver light-rail and bus riders will be making a bit of electronic-payments history this spring and summer by being the world’s first commuters able to use Uber Technologies Inc.’s mobile app to buy and use transit tickets. The new service, which will be rolled out over the next few weeks, …
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