Restaurant-management platform provider OpenTable Inc. is offering 1,000 vouchers for Uber rides to diners eating at restaurants participating in San Francisco’s Restaurant Week. The promotion is intended to encourage visitors and locals to dine out during the event, which actually runs for two weeks from Nov. 3 through Nov. 16. …
Read More »Financial Services Fraud Is up 39% from 2019, Says a TransUnion Report
Fraud at call centers operated by financial services organizations increased 39% from 2019 to 2022, according to new data from TransUnion LLC. That was the third-largest increase among sectors, surpassed only by travel and leisure and logistics, finds the TransUnion “2023 State of Omnichannel Fraud Report.” The report is based …
Read More »66% Like CFPB Late Fee Proposal And Other Digital Transactions News briefs from 11/6/23
Some two-thirds of consumers feel a February proposal from the Consumer Financial Protection Bureau to cap monthly credit card late fees at $8 (down from $41) would have a positive impact on “the average credit card holder,” according to an online survey in September of 802 adult cardholders by the Auriemma Group. …
Read More »Acquirers Seek Answers from a Visa Surcharging Executive
More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …
Read More »COMMENTARY: How Earned Wage Access Can Help Workers Stay Out of Debt
According to recent research, American households carried a whopping $17.1 trillion in total debt as of the second quarter of 2023. The herculean effort to become debt-free continues to weigh on the shoulders of millions of Americans. We’ve seen the landscape of the U.S. workforce change drastically over the past …
Read More »Nuvei Teams Up With AmEx To Bring Open Banking Technology To Its U.K. Merchants
The big processor Nuvei Corp. extended its reach into open banking Thursday through an agreement with American Express Co. to sell AmEx’s Pay with Bank transfer open-banking solution. Pay with Bank transfer (PwBt) enables consumers to pay for purchases directly from their bank account online or in-store. The partnership comes …
Read More »In His First Earnings Call As PayPal’s New Boss, Alex Chriss Leaves No Doubt Who’s in Charge
Most new corporate chiefs keep a low profile for a time, perhaps tweaking their predecessors’ strategies but announcing few major changes. Not so Alex Chriss. PayPal Holdings Inc.’s new CEO, who took over Sept. 27 from long-time chief Dan Schulman, took the opportunity of his new company’s third-quarter earnings call …
Read More »When It Comes To Workplace Incentives, Employees Prefer Gift Cards
Gift cards are becoming a popular employee incentive, Fiserv Inc.’s “Q4 2023 Gift Card Survey” finds. Some 80% of respondents say they would prefer a gift card as a reward from their employer, while 9% say they would prefer an event or outing, and 11% would prefer some other type …
Read More »Wellfit’s Dental Work And Other Digital Transactions News briefs from 11/1/23
Wellfit Technologies Inc. said it will provide payment processing, patient financing, and other services under a new agreement with Patterson Dental’s network of clinics. RentSpree, a management platform for landlords, announced it has reached 2 million users, doubling its user count in less than two years. The service enables rent payments …
Read More »Dwolla’s Latest Integration Is a Deeper Dive Into Open Banking Technology
The payments-technology provider Dwolla Inc. has integrated its Dwolla Connect platform for account-to-account payments in open finance. The integration will enable Dwolla Connect clients to transfer open-finance data to the Dwolla platform, the company says. As a result, financial institutions and third-party open-banking providers, such as Plaid Inc. and MX …
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