Digital Transactions Authoritative, insightful and timely information for payments professionals
Gross dollar volume on prepaid and other debit cards issued by The Bancorp Bank grew 15% year-over-year in the second quarter, and the bank expects volume growth will exceed that rate in 2024 as it expands existing programs and books new partners. Dollar volume hit $32.8 billion for the quarter, …
July, 2023
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28 July
Fiserv Makes Its uChoose Rewards Points Redeemable On Amazon.com
The big payments processor Fiserv Inc. is partnering with Amazon.com Inc. to enable credit and debit card holders enrolled in Fiserv’s uChoose rewards program to redeem points on Amazon.com. Cardholders enrolled in uChoose and the Amazon Shop with Points program can redeem rewards for all or part of their purchases …
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28 July
ATMs in Transit And Other Digital Transactions News briefs from 7/28/23
F.N.B. Corp., with its First National Bank unit, agreed to be the sole provider of ATMs for the Washington Metropolitan Area Transit Authority, said to be the third-largest U.S. rail system. The push-payments platform Checkbook announced an integration with the peer-to-peer payments provider Zelle to enable instant payments for Checkbook users. Transact Campus, a …
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27 July
Why E-commerce Payments Are Essential for Business Agility
E-commerce and social commerce have been growing in popularity over the past few years, with online sales expected to account for almost a quarter of global retail sales by 2025. As consumer behavior shifts towards online shopping, businesses must adapt quickly to changing demands and expectations. One crucial element of …
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27 July
Mastercard Is ‘Ready To Compete’ for Online Debit Volume, Says CEO Miebach
With payments-industry competition rapidly getting more intense, long-established players such as Mastercard Inc. could lose out if they don’t change with the times. But Mastercard’s chief executive signaled Thursday that change is just what his company is doing. “We stand ready to compete,” declared Michael Miebach during Mastercard’s second-quarter earnings …
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27 July
Shift4 Decries ‘Junk Fees’ Levied by Rival Restaurant Processors
Shift4 Payments Inc. said early Thursday it will pay restaurants a dollar for every online order they receive across the first three months that they use the company’s SkyTab POS system. Shift4 contends it is making the move in response to what it calls junk fees charged by other payment …
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27 July
Tap to Pay in North America And Other Digital Transactions News briefs from 7/27/23
Payments-technology provider Aevi said it is working with contactless-technology firm Bleu to offer tap-to-pay functionality in North America and Europe on both Android and iPhone devices. Cross River Bank said it will enable an expanded menu of payment options through open-banking platform Plaid, including instant transfers for payroll and other applications. Payments provider Lightspeed …
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26 July
POS Technology Helps Deliver Double-Digit Growth for Fiserv’s Acquiring Unit
The merchant-acquiring business helped deliver a strong quarter for Fiserv Inc. as the big processor reported Wednesday its ninth consecutive period of organic revenue growth, or growth stemming from existing rather than recently acquired businesses. The Brookfield, Wis.-based company singled out its Clover point-of-sale technology for special mention as a …
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26 July
Euronet’s Growth And Other Digital Transactions News briefs from 7/26/23
Payments provider Euronet Worldwide Inc. said its money-transfer segment handled 41.1 million transactions in the second quarter, up 10% from 37.3 million a year earlier. The U.S. Treasury Department’s Office of the Comptroller of the Currency, which regulates national banks, assessed a $15 million civil fine against American Express Co.’s American Express National …
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25 July
Visa’s CEO Delicately Fields Questions About the Company’s Merchant Relations
Visa Inc.’s top brass, during the company’s quarterly earnings conference call Tuesday afternoon, preferred to talk about fast-growing newer lines of business such as value-added services and transaction sources apart from traditional plastic credit and debit cards. But stock analysts on the call had questions about some sensitive merchant-relations issues, …
