The news that the major payment card networks will implement a standardized buy button later this year may have stirred hopes among issuers, merchants, and acquirers that the longstanding problems of rising e-commerce fraud and inconsistent checkout flows will finally be addressed. But already cautionary notes are emerging to indicate …
Read More »Glance’s Real-Time Bill Option Appears To Drive Glance Pay Transactions up
Glance Technologies Inc. said its Real-Time Bill feature is increasing transactions made with its Glance Pay app in some restaurants as much as 300% in the 30 days following a Real-Time Bill launch. That’s in comparison to the 30-day period prior to the launch, Vancouver, British Columbia-based Glance said Wednesday. …
Read More »Western Union Adds Visa Direct and other Digital Transactions News briefs from 6/5/19
The Western Union Co. said it will enable Visa Inc.’s Visa Direct real-time push-payment service. The move follows the remittance-processing company’s announcement in late 2017 that it would adopt Mastercard Inc.’s rival service, Mastercard Send. Merchant processor VizyPay launched a program called Cash Discount 2.0, which calls for merchants to …
Read More »i3 Verticals Acquires Pace Payment and other Digital Transactions News briefs from 6/3/19
i3 Verticals Inc. completed its $52.7 million acquisition of Pace Payment Systems Inc. Pace specializes in selling payments services in the public and education sectors. Avis Car Rental, a unit of Avis Budget Group Inc., launched a split-payment feature in its mobile app. Called Split My Bill, the feature enables …
Read More »First New York Transit, Then Everywhere Else for U.S. Contactless Push
As New York’s Metropolitan Transportation Authority inaugurates contactless payment for fares Friday, major card brands are intensely marketing the tap-and-pay service. Mastercard Inc. announced its Fareback Friday program to reward cardholders for paying for their New York subway rides with a contactless Mastercard product. Consumers may be able to get …
Read More »Cardtronics Waives ATM Fees for Some Tourists to U.S. and other Digital Transactions New briefs from 5/31/19
Cardtronics plc said its Allpoint ATM network and Visa Inc. reached an agreement to waive ATM fees for travelers visiting the United States from Southeast Asia who have a Visa travel prepaid card or debit card from certain financial institutions. Allpoint counts more than 40,000 U.S. ATMs. Lightspeed POS Inc., …
Read More »EMS in Cleveland Browns Program and other Digital Transactions New briefs from 5/30/19
Payments provider Electronic Merchant Systems announced its affiliation with the National Football League’s Cleveland Browns Proud Partner program. Paysafe Group said Philip McHugh will become its chief executive beginning June 24. He replaces Joel Leonoff, who will become vice chairman of the Paysafe board of directors. McHugh comes to Paysafe …
Read More »Klarna Launches a Direct-to-Consumer App With Installment Payments Built in
Klarna, the installment-payment specialist, has released an app that enables consumers to shop a variety of merchants and pay with Klarna without leaving the app. Announced Tuesday, the Klarna app presents the retailer’s site with a footer containing a Pay with Klarna button. When selecting that option, the shopper can pay …
Read More »Nuvei Buying SafeCharge and other Digital Transactions News briefs from 5/28/19
Payments provider Nuvei announced it will buy SafeCharge International Group Ltd. for approximately $889 million. SafeCharge’s payment platform provides services ranging from card acquiring and issuing to processing and checkout. This confirms reports of a pending deal. Processor Payment Data Systems Inc. said Dealer Pay LLC, provider of a payments …
Read More »An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19
The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from …
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