News

November, 2021

• 30 November

  In Cyber Monday’s Shopping Frenzy, Smart Phones Cooled off While BNPL Took off

  

  Cyber Monday 2021 is in the books, and a number of lessons have emerged from the biggest online-shopping day of the year regarding how consumers are spending. They didn’t use their mobile phones as much as expected, buy now, pay later picked up some momentum, and inflation asserted itself in …
• 30 November

  Waitr Adds Harbortouch Devices and other Digital Transactions News briefs from 11/30/21

  

  Waitr Holdings Inc., an ordering and delivery platform for restaurants, has agreed to offer the Harbortouch point-of-sale system from payments provider Shift4 Payments Inc. to Waitr’s 26,000 clients.Payments provider Nuvei Corp. said a subsidiary has won approval to provide payment processing to support daily fantasy sports and sports-wagering operators in Louisiana. The …
• 29 November

  Despite A Downtick In Thanksgiving Weekend Sales, Holiday Sales Are Going Strong

  

  Strong early holiday spending slightly curtailed consumer spending over the Thanksgiving weekend, according to reports from Adobe Inc. Consumers spent $4.5 billion online on Saturday, down 4.3% from a year ago, and $4.7 billion online the following day, down 0.5% from the same period a year ago. But Adobe is predicting consumers will …
• 29 November

  When It Comes to Paying for Online Purchases, Debit Tops the List, Says a Fiserv Report

  

  Debit cards have become the preferred payment method among Millennials and Gen Zers for online purchases and for use in digital wallets. A recent Carat Insights Report from Fiserv Inc. reveals that 59% of Millennials and Gen Zers use debit online because they prefer the financial control debit cards provide …
• 29 November

  Dorsey Exits Twitter CEO Role and other Digital Transactions News briefs from 11/29/21

  

  Jack Dorsey, chief executive of both Square Inc. and Twitter Inc., is stepping down effective immediately as chief executive of social-media platform Twitter, Dorsey posted on Twitter. He will be succeeded by Twitter chief technology officer Parag Agrawal.E-commerce holiday shopping on the Monday following Thanksgiving—known as Cyber Monday—will increase 21% over the same day …
• 24 November

  Paycast, Marqeta, And Mastercard Launch a Virtual Card for Marketplace Sellers

  

  Paycast Inc., a payments provider for online merchants, e-commerce platforms, and marketplaces, is partnering with Marqeta Inc. and Mastercard Inc. to launch a digital card product for marketplace sellers. The card will enable marketplace sellers to have immediate access to funds from the proceeds of a sale once the transaction …
• 24 November

  Black Friday And Cyber Monday Will Boost Online Sales, But at a Price in False Declines

  

  Shoppers have flooded online shopping sites in response to the pandemic, and now stores are expecting a further bonanza of e-commerce sales as consumers flock to sites for Black Friday and Cyber Monday deals. But while these two annual shopping extravaganzas will boost sales, they also are likely to have …
• 24 November

  74% of Consumers Intend to Keep Using Contactless Cards and other Digital Transactions News briefs from 11/24/21

  

  Some 74% of consumers who tried using contactless cards this year plan to keep using them, up from 61% who said the same thing last year, according to a report from the Electronic Transactions Association and The Strawhecker Group.Humbl Inc. released a new version of its Humbl Pay mobile wallet, including upgrades …
• 23 November

  Jack Henry Takes the Early Lead on The Clearing House’s RTP Network

  

  As real-time payments cements itself as a payments fixture, bank processors are enthusiastically signing new clients to provide the speedy payment service. Financial-institution processor Jack Henry & Associates Inc., in particular, has been enrolling merchants at a rapid pace in The Clearing House Payment Co. LLC’s Real Time Payments network. …
• 23 November

  Payhawk Says a $112-Million Round Will Propel It Into New Markets, Including the U.S.

  

  An ambitious payments startup clinched a big funding round on Tuesday and said its sights are now set on the U.S. market as well as other countries. London-based Payhawk Ltd. secured $112 million in a Series B round led by San Francisco-based Greenoaks, valuing the 3-year-old company at $570 million. …