Digital Transactions Authoritative, insightful and timely information for payments professionals
Fiserv Inc. announced Wednesday that Salem Five, a Salem, Mass.-based mutual savings bank, is piloting FedNow, the Federal Reserve System’s real-time payments network, which is expected to launch in July. In addition to Salem Five, nearly 20 financial institutions, including Peoples Bank and Mediaoplis, Iowa-based Mediapolis Savings Bank, have signed …
April, 2023
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12 April
Square Subscriptions Are Coming As Square Releases a Flurry of Nearly 100 Updates
Square, the in-store and online commerce arm of Block Inc., says Square Subscriptions is in tests for Square Online users. The feature is one of nearly 100 updates the company announced Wednesday. Other notable features include Waitlists in Square Appointments and an integration with reservation provider OpenTable in Square for …
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12 April
Garmin Pay on Another Watch And Other Digital Transactions News briefs from 4/12/23
Garmin Ltd. launched its latest smart watch, the $450 Instinct 2X Solar, which like most of its devices includes Garmin Pay, the company’s contactless-payment capability. ParkHub, a specialist in digital payments for parking, announced an agreement under which it will process payments at three venues owned by sports and live-entertainment company …
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11 April
Capital One Is Likely to Weather Its Loss of the Walmart Card Portfolio
Even if Walmart Inc. is successful in terminating its contract with Capital One Financial Corp. to issue private-label and co-branded cards on the retail behemoth’s behalf, the loss is not likely to have a major impact on Capital One’s business, says a research note from Keefe, Bruyette & Woods. The …
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11 April
POS Veteran Verifone Launches a Barrage of Cloud-Based Tech for C-Stores
Consumers have been returning to physical stores as the pandemic wanes, and that’s spurring point-of-sale technology providers to bring fresh products to market. The latest example is Verfone Inc., which said Tuesday it is rolling out a panoply of new devices and services for the highly competitive petroleum and convenience-store …
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11 April
Visa+ P2P Service in Tests And Other Digital Transactions News briefs from 4/11/23
Visa Inc. announced a pilot for Visa+, a service that allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between PayPal and Venmo, a PayPal-owned network, but plans are to include P2P services DailyPay, i2c, TabaPay, and Western …
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10 April
Walmart Sues Capital One Over an Alleged Failure to Properly Service Credit Card Holders
Upset with the customer-service aspects of its cobranded card-issuing deal with Capital One Financial Corp., Walmart Inc. has sued the bank, The Wall Street Journal reported late Friday. Among the allegations brought by Walmart is that Capital One failed to replace lost cards or post some transactions to customers’ accounts …
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10 April
Domino’s Adds Tap to Order to CarPlay In-Car App
Ordering ahead for a Domino’s pizza from your car just became a little easier for iPhone users with the release Monday of an order-ahead app for CarPlay, the in-car infotainment app from Apple Inc. The Domino’s Pizza Inc. app now enables consumers to Tap to Order or Call to Order …
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10 April
Praxis Debuts Card-on-File Option And Other Digital Transactions News briefs from 4/10/23
Payments provide Praxis Tech Ltd. has introduced a service it calls Merchant Initiated Transactions, which allows sellers to leverage a card-on-file option to initiate single-click payments on behalf of customers. GoDaddy Inc., a provider of payments and other services for small business, has released a small-business generative AI prompt library, which offers …
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7 April
Kasheesh Launches a One-Time-Use Visa Card to Split In-Store Purchases
Digital-payments platform Kasheesh, which allows consumers to split purchases between debit, credit, and prepaid cards for online purchases, has introduced a one-time-use Visa card to its mobile wallet that can be used at physical stores. The feature, called Mobile Wallet Dashboard, allows users to add their Kasheesh account to their …