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 …
Read More »Mazooma Adds Real-Time Payouts and other Digital Transactions News briefs from 4/27/21
Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …
Read More »Where To Buy an RV With Crypto and other Digital Transactions News briefs from 4/26/21
Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.In related …
Read More »As AmEx Recovers From Covid’s Impact, Its Vital T&E Market Stages a Comeback in ‘Layers’
American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …
Read More »Southwest Offers Uplift BNPL Option and other Digital Transactions News briefs from 4/23/21
Uplift Inc., a buy now, pay later provider specializing in travel, said consumers can now buy tickets on Southwest Airlines Co. flights and pay in installments.Some 79% of gift card buyers expect to increase spending on gifts when pandemic restrictions are relaxed or lifted, according to a survey of 1,056 …
Read More »Square Bolsters Its Retail Management App With New Inventory Management Tools
Square Inc. announced Thursday the addition of three inventory-management features to its cloud-based retail-management app, Square for Retail. Merchants can use the new features to build an inventory library, track inventory by warehouse or store, transfer stock as needed, and reorder inventory with one click. The new features arrive as …
Read More »Pulse Volume up 23% and other Digital Transactions News briefs from 4/22/21
Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …
Read More »Online Returns Come to BNPL As Affirm Makes a $300 Million Bid for Specialist Returnly
The buy now, pay later trend has eased online purchases for consumers over the past year, but at the other end of those transactions is the flow of returns after buyers get their merchandise. Now Affirm Holdings Inc., a leading player in the fast-growing BNPL arena has attacked the issue with …
Read More »Worldline Revenue Drops and other Digital Transactions News briefs from 4/21/21
French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …
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