Digital Transactions Authoritative, insightful and timely information for payments professionals
Electronic Merchant Systems LLC is teaming up with LegitScript to give its health-care merchants access to a certification tag, while InvoiceCloud says Western National Insurance Group picked it for a new digital-payment and policyholder-relations service. Cleveland-based EMS, which processes approximately $6 billion in annual volume for 25,000 merchants, says the …
September, 2024
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4 September
U.S. Bank’s New Smartly Card and other Digital Transactions News briefs from 9/4/24
U.S. Bank said it is launching two new products, the Smartly Visa Signature card and the Smartly Savings account. The former offers as much as 4% cash back on transactions. Some 48% of consumers in the U.S. market are using digital wallets for payments, up from 38% in 2021, according to …
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3 September
Jack Henry Partners With Moov to Streamline Payments for Small Businesses
Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …
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3 September
Ria Lines up an Exclusive Money Transfer Deal at PLS Check Cashers
Ria Money Transfer said it is now the exclusive money-transfer provider at more than 200 U.S. PLS Check Cashers locations, a move that could expose Ria’s services to more than 3 million monthly PLS customers. Announced Tuesday, the deal enables Chicago-based PLS Financial Services Inc. to offer Ria’s money-transfer service, …
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3 September
Fiserv SMB Index Flat and other Digital Transactions News briefs from 9/3/24
The Small Business Index from the big processor Fiserv Inc. stood at 141 in August, with no change from July. Year-over-year, small-business sales were up 1.6%, while total transactions grew 5.7%, according to the Index. The research is based on in-store and online transaction data from roughly 2 million U.S. small businesses, …
August, 2024
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30 August
Blame High Swipe Fees for Stores’ Cash-Back Charges, a Merchant Group Says
High card-acceptance fees are the root cause for why some merchants are charging consumers for cash back at the point-of-sale, a service merchants have historically provided consumers even though customers can make purchases with their debit cards at no charge, says the Merchants Payment Coalition. Driving the trend is that …
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30 August
The Top General Purpose Reloadable Prepaid Card? It’s the Serve Card, Says Researcher Javelin
The general-purpose reloadable prepaid card market is expanding fast as audiences as diverse as the underbanked population and frequent business travelers adopt the products for their convenience and as alternatives or complements to bank accounts. Now the Serve Cash Back Card has earned a first-place finish in Javelin Strategy & …
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30 August
A Spend Card from Visa and other Digital Transactions News briefs from 8/30/24
Keys Inc., a technology platform for locksmiths, has launched the Keys Visa Spend Card, issued by Celtic Bank. The card allows locksmiths to receive earnings instantly, with processing by Stripe Inc. Payments-technology provider Transcard said it worked with the University of Tennessee Athletics Department to gain naming rights for and launch the …
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29 August
PayPal Looks to Fiserv To Smooth Connectivity to Its Payment Options, Including Fastlane
PayPal Holdings Inc. has expanded its relationship with the big processor Fiserv Inc. to make its payment options more readily available to Fiserv clients in the United States. The move with Fiserv is expected to simplify connectivity for Fiserv clients to PayPal and Venmo payment apps and make it easier …
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29 August
Affirm’s Stock Rises As the BNPL Giant Reports Improved Results
Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …
