Square Inc. continues to build out delivery services for its Square Online platform with the addition of liquor delivery. Merchants using Square Online that sell liquor can offer customers the option to purchase alcohol from the store’s Web site and have the order fulfilled through Square’s delivery partner DoorDash Inc. …
Read More »Contactless Payments Transactions Are up 426% Among CardFlight Merchants
More evidence emerged that consumers are still increasing their use of contactless payments, over a year since the outbreak of the Covid-19 pandemic. Contactless transaction counts among the more than 75,000 small businesses in the latest CardFlight Small Business Report grew 426.7% in the week ending May 2 compared to …
Read More »Zelle Transactions up 61% and other Digital Transactions News briefs from 5/5/21
The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …
Read More »Flywire Readies for Possible IPO and other Digital Transactions News briefs from 5/3/21
Payments company Flywire Corp. has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The number of shares to be offered and their price range have not yet been determined. The action follows the company’s submission in March of a confidential draft registration statement for …
Read More »QuickBooks Suffers Payroll ACH Failure and other Digital Transactions News briefs from 4/30/21
A processing failure has interfered with direct deposit of payroll for an undetermined number of businesses using Intuit Inc.’s QuickBooks payroll service. In response to numerous posts on Twitter about the incident, Intuit posted a link to the following notice: “Some payroll customers are reporting they have not received their direct deposit …
Read More »How the Pieces of Mastercard’s ‘Multirail’ Strategy Are Starting to Fit Together
You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …
Read More »SMBs Value Digital Payments More Than a Year Ago and other Digital Transactions News briefs from 4/29/21
A survey from the Electronic Transactions Association and The Strawhecker Group found that 43% of small and mid-size businesses view digital payments as more important to their operations now than before the Covid-19 pandemic. The survey of 528 SMBs also found that 34% said they are experiencing an increase in contactless payments.InComm …
Read More »Shopify’s Wallet Gets a Lift as its Shop App Climbs to 19 Million Active Users
Everyone has heard of Amazon, but there’s less talk about Canada’s Shopify Inc., even though the fast-growing, Ottawa-based commerce platform now ranks second to Amazon in share of retail e-commerce sales, with 8.6% versus 39% for the Seattle-based giant, according to eMarketer. On Wednesday, Shopify issued an update on just …
Read More »FIS RealNet Debuts and other Digital Transactions News briefs from 4/28/21
FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …
Read More »Fiserv Announces a Strong First Quarter As It Teams With PayPal on QR Codes
Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …
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