News

July, 2022

• 25 July

  Albertsons Adds Online EBT Acceptance at More Than 2,200 Stores

  

  A whopping 2,276 more grocery stores soon will accept electronic benefits transfer payments for online grocery shopping. In one move, Albertsons Cos., parent of Albertsons, Safeway, Jewel-Osco, Vons, and Pavilions stores, said the payment option is now available across its stores. Albertsons said more of its 22 brands will add …
• 25 July

  Datacap Gift Launches And Other Digital Transactions News briefs from 7/25/22

  

  Datacap Systems Inc. said it is working with gift card provider Card Market to enable Datacap partners to order custom gift cards for Datacap Gift, Datacap’s new omnichannel gift platform.E-commerce platform Promenade Group expanded its service to include Promenade for Butchers that includes a Web site, online ordering, delivery options, marketing, back-office management, …
• 22 July

  Cardholder Volume Booms for AmEx As a Pandemic Recovery Continues

  

  Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …
• 22 July

  The Price of Malware? Just $10

  

  The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …
• 22 July

  Predators Pick Celero and other Digital Transactions News briefs from 7/22/22

  

  Payments provider Celero Commerce announced it is the preferred processor for the Nashville Predators of the National Hockey League.Datacap Systems Inc. and PAX Technology Inc. announced an integration partnership. Datatcap’s software is now certified on multiple PAX devices.Payments provider ACI Worldwide Inc. extended an agreement with analytics firm IR for real-time transaction monitoring.Marriott International announced …
• 21 July

  Visa Founder Dee Hock Forged a Network Giant Out of a Collection of Squabbling Banks

  

  Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …
• 21 July

  Discover’s Payment Volume Rises 10%, but Pulse Treads Water

  

  Discover Financial Services saw its overall dollar volume increase 10% year-over-year in the second quarter despite a flat performance by Discover’s Pulse debit network. Riverwoods, Ill.-based Discover said late Wednesday that total payment volume in the quarter ended June 30 was $138.7 billion versus $125.6 billion in the year-earlier period. …
• 21 July

  ACH-Based Dutchie Pay Debuts And Other Digital Transactions News briefs from 7/21/22

  

  Dutchie, a provider of commerce technology for cannabis businesses, launched Dutchie Pay, which allows consumers to pay online with transactions handled on the automated clearing house network.One Inc announced Harford Mutual Insurance Group has adopted its ClaimsPay service to process claims payments digitally.The fintech Airwallex said it has launched its Online Payments App …
• 20 July

  So-Called Friendly Fraud on P2P Payment Systems Has Caught the Attention of the CFPB

  

  The issue of consumer losses to fraud on peer-to-peer payment apps is about to get hotter as the Consumer Financial Protection Bureau is reportedly preparing a probe of the matter. The bureau’s action will likely include new requirements for banks to reimburse consumers victimized in cases where they sent cash …
• 20 July

  Its Stock Battered, NCR Is Reportedly Mulling a Leveraged Buyout

  

  NCR Corp., a publicly traded banking and payments equipment manufacturer and software provider, could go private if rumors of a pending leveraged buyout prove true. The Wall Street Journal reported Tuesday that NCR was in exclusive talks with the private-equity firm Veritas Capital about a possible acquisition. The report noted …