Friday , January 10, 2025

Mobile Commerce

Visa Debuts Dispute-Certification Program and other Digital Transactions News briefs from 12/5/19

Visa Inc. announced plans to launch a new certification program and fund up to 500 scholarships to train individuals as dispute-resolution professionals, a role Visa says is in high demand across the payments industry. The program will include multiple days of training and several professional-level certification exams.Field-service management and communications provider …

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As Processor Valuations Soar, Shift4 Files for an IPO

Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News …

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Eye on E-Commerce: Black Friday Dethrones Cyber Monday as Busiest Online Shopping Day

Formerly distinct holiday spending patterns are blurring, according to new data. The National Retail Federation reported Tuesday that Black Friday, traditionally known for swarms of consumers in stores, for the first time topped Cyber Monday, the Monday after Thanksgiving, for online shopping. And Adobe Inc.’s research unit reported that consumers …

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Weave Payments Debuts and other Digital Transactions News briefs from 12/3/19

Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

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In-Store Holiday Shopping Increases, But Not As Fast as Online Shopping

Online shopping on Black Friday, the day after Thanksgiving, increased 19.6% year-over-year, while in-store shopping that day increased 4.2%, according to Adobe Digital Insights and Fiserv Inc., respectively. Consumers did not disappoint in early holiday shopping results. Adobe Digital Insights, a unit of San Jose, Calif.-based Adobe Inc., said consumers …

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Pandora’s 8-Hour POS Issue and other Digital Transactions News briefs from 12/2/19

Jewelry retailer Pandora said it is standing by its 2019 sales guidance despite an eight-hour point-of-sale issue at U.S. and Canadian stores on Black Friday.American Express Co. said its Small Business Saturday promotion, which occurred Nov. 30, achieved a record with an estimated $19.6 billion in spending.With fewer people carrying cash, the Salvation …

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Smart Phones in Hand, Consumers Prep for a Busy Holiday Shopping Season

Expect more consumers to wield their smart phones for their holiday shopping this year. Fully 70% of consumers in the Deloitte 2019 Holiday Retail Survey plan to make a holiday purchase using a smart phone. That’s up from 67% in 2018 and from 59% in 2017. A separate Visa Inc. …

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Stolen Card Data Shows up in Joker’s Stash and other Digital Transactions News briefs from 11/27/19

Customer data from 4 million payment cards stolen in breaches at four restaurant chains has gone up for sale in the Joker’s Stash underground bazaar, KrebsOnSecurity reported. The breaches occurred at nearly half the 1,750 total locations of Krystal, Moe’s Southwest Grill, McAlister’s Deli and Schlotzsky’s, the latter three of which are owned by …

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COMMENTARY: Overcoming Complex Payment Challenges in the Platform Economy

With the popularity of sharing-economy models, payments have become infinitely more complex. Sharing platforms certainly provide more value to consumers than pure-play, single-merchant-owned e-commerce sites, but they come with more challenges.  By 2021, the platform economy will welcome over 86 million users. That means that all over the world, 86 …

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Klarna Notes Growth and other Digital Transactions News briefs from 11/26/19

Installment-payments provider Klarna said it added 60,000 merchants to its network in 2019. More than 190,000 merchants offer Klarna as a payment option now. The number of monthly U.S. active users of the Klarna app, which enables them to shop with any store or brand online, increased almost 160% from July through September.Core-banking …

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