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September, 2020

• 25 September

  Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show

  

  Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …
• 23 September

  Third-Party Processors Are Starting to Pay off for TCH As It Seeks to Expand Real-Time Payments

  

  Getting to universal real-time payments in the United States will depend on reaching smaller banking institutions, and on Wednesday The Clearing House Payments Co. LLC may have created the potential to scoop up a significant number of these endpoints via a deal with the major processor FIS Inc. The two …
• 21 September

  Paya Expands Its Government Unit With an Acquisition of The Payment Group

  

  Payments provider Paya Inc. has signed an agreement to acquire The Payment Group (TPG), a provider of integrated payments to utilities and government. TPG’s software allows consumers to digitally pay their court and utility bills. Terms of the deal, which is expected to close in October, were not disclosed. As …
• 18 September

  EVO’s Turn to Visa Direct Casts a Spotlight on the Potential for Real-Time Merchant Settlement

  

  Real-time payment flows are coming to processor settlements with merchants as Visa Inc. enlarges the market for its Visa Direct push-payment service. The latest development emerged this week with EVO Payments Inc.’s launch of EVO Direct Deposit, a service that relies on Visa Direct to credit U.S. merchant accounts. The …
• 10 September

  Why Visa And PayPal Are Bringing Real-Time Expediency to Cross-Border Payments

  

  PayPal Holdings Inc. and Visa Inc. are adding cross-border payments to an agreement to route payments made through PayPal’s Instant Transfer Service through the Visa Direct platform. The expanded agreement will allow consumers and small businesses to send or receive money to or from a Visa card account in real-time …
• 1 September

  Beyond Contactless: Giant Eagle Recruits Grabango for Checkout-Free Stores

  

  Cashierless technology is spreading as stores hunt for ways to automate service and payments while keeping operating costs in check. The latest example is supermarket chain Giant Eagle Inc., which has teamed up with Grabango Co., a Berkeley, Calif.-based provider of checkout-free technology, to introduce cashierless technology to its GetGo …

August, 2020

• 18 August

  How Map App Waze Is Forging a Link Between Mobile Payments And Loyalty at the Pump

  

  Now that Google’s Waze app has embedded a payment option into its software, the integration of navigation apps and payments and loyalty at the pump is under way, experts tell Digital Transactions News. Last week, Waze announced it has integrated an option that consumers can use to pay at the …
• 6 August

  As It Recovers From Covid-19 Shock, Shift4 Looks to Grow Its End-to-End Processing Business

  

  The Covid-19 pandemic has taken a fearful toll on payments processing, and on Thursday, in its first earnings call as a publicly held company, Shift4 Payments Inc. proved it’s no exception. Stay-at-home orders and business shutdowns, with tentative reopenings, clipped the company’s full-service, lucrative end-to-end payment volume in the June quarter …

July, 2020

• 31 July

  Shift4 Emerges From Its IPO With Less Debt and More Cash

  

  Shift4 Payments Inc. is scheduled to have its first quarterly earnings call as a publicly held company on Thursday. Ahead of that call, company founder and chief executive Jared Isaacman is expressing satisfaction with the merchant acquirer’s June 4 initial public offering.  The oversubscribed IPO was priced at $23 per share, …
• 29 July

  Businesses Adopt Zelle As the Network’s Numbers Climb in the Face of the Pandemic

  

  Peer-to-peer payments networks like Zelle were introduced as a means for consumers to pay each other, but business acceptance now appears to be ramping up along with consumer usage in the face of the Covid-19 pandemic.  Seven major financial institutions are now enabling property owners, home-services companies, and other small …