Mastercard Inc. Monday afternoon said it was looking into reports of problems with processing certain transactions on its network. Both Stripe, a major payments platform, and the U.K. bank Natwest reported issues, though Natwest said the problem had been resolved by day’s end. Prepaid card provider Paysign said it completed issuer certification with …
Read More »Toast Signs Marriott Deal And Other Digital Transactions News briefs from 6/12/23
Restaurant point-of-sale technology provider Toast Inc. has signed an agreement with Marriott International Inc. to make its Toast for Hotel Restaurants product available in the hotelier’s Select service hotels in the United States and Canada. A report from Mastercard Inc. indicates the proportion of cash-only customers in Latin America has dropped from 45% three …
Read More »Nuvei Lands Nonprofit and Government SaaS Provider Sylogist
Sylogist Ltd., a global provider of software-as-a-service to more than 2,000 public-sector customers across the government, nonprofit, and education sectors, has selected Nuvei Corp. as its payments processor. Nuvei will provide Sylogist with payments functionality including support for mobile wallets such as Apple Pay and Google Pay. In addition, Nuvei …
Read More »Six Flags’ Great Adventure Store Adopts Amazon’s Just Walk Out Technology
Amazon.com Inc.’s Just Walk Out payment technology is providing checkout-free shopping at Quick Six, a concept store at Six Flags Great Adventure, a Jackson, N.J., theme park. Announced recently, the store uses the Amazon-developed technology that requires consumers to scan a code on their cellphones that is tied to a …
Read More »Estimated Merchant Savings from CCCA? $15 Billion Annually, Says One Researcher
As proponents and adversaries wrangle over the newly resurrected Credit Card Competition Act, a market-research firm has raised by more than one-third its estimate of how much the bill could save U.S. merchants. A year ago, the firm, Atlanta-based CMS Payments Intelligence Inc., calculated the bill would result in $11 …
Read More »Apple Cash Adds Recurring Payments And Other Digital Transactions News briefs from 6/8/23
Apple Cash users will be able to set up weekly, biweekly, or monthly Apple Cash payments in the iOS 17 iPhone software coming this fall, Apple Inc. announced. Users also will be able to present digital IDs stored in Apple Wallet to businesses, such as for age verification. More than 96% …
Read More »Chargebacks911’s Hires Signal Growth as Chargeback Volume Increases
Chargebacks911 is setting the stage for an e-commerce world full of ever-increasing digital payment—and chargebacks, a frequent challenge to management. To help, it is bringing on two payments veterans, one who oversaw merchant acceptance at Apple Pay and another who led merchant services at Bank of America Corp. Eric Hoffman, …
Read More »Worldpay Partners with Volt to Bring Account-to-Account Payments to Merchants
Worldpay, a unit of processor FIS Inc., has partnered with open-banking gateway and real-time payments network Volt to enable merchants to accept account-to-account payments from consumers. Through the use of application programming interfaces Volt will enable Worldpay merchants to initiate account-to-account (A2A) payments using open-banking technology. Open banking allows banks …
Read More »Chase Resolves Double Debit Issue And Other Digital Transactions News briefs from 6/5/23
JPMorgan Chase & Co. late on Friday said it had resolved an issue that was generating duplicate online transactions and fees on customers’ checking accounts. The bank said it was issuing refunds or reversing transactions. At least some of the transactions had been generated through the Zelle peer-to-peer payments platform, though …
Read More »CFPB Notes Payment App Insurance Lacking And Other Digital Transactions News briefs from 6/2/23
The payments industry is beginning to react to a report this week from the Consumer Financial Protection Bureau alerting consumers to the lack of federal deposit insurance for funds held in nonbank payment apps. The CFPB’s report appears to be a cautionary note rather than a call for regulation, at least for …
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