News

November, 2020

• 18 November

  Amid the Pandemic, Online Grocery Sales Are Forecasted To Grow 53% in 2020

  

  Online grocery sales, which stood at $58.36 billion in 2019, will reach $89.22 billion in 2020, forecasts eMarketer Inc., a New York City-based research firm. That’s a 53% increase. The prediction comes as many states re-institute store capacity limits and urge individuals to leave their homes only as necessary.  “Amid …
• 18 November

  CardFlight Adds 20,000 Merchants and other Digital Transactions News Briefs from 11/18/20

  

  Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …
• 17 November

  Through Infinicept, Mastercard And MissionOG Bet on the Potential in Embedded Payments

  

  Payments facilitator-services provider  Infinicept on Tuesday announced it has received a new round of funding from Mastercard Inc. and MissionOG, a venture-capital firm specializing in financial services and software and co-founded by former Mastercard president and chief executive Gene Lockhart. The new funding round, the amount of which was not disclosed, …
• 17 November

  Why Regulators Are Saying ‘Yes’ to Mastercard-Finicity But ‘No’ to Visa-Plaid

  

  Visa Inc. may be stymied for the time being in its quest to enter the increasingly crucial data-networking business, but its archrival Mastercard Inc. now expects to become a key player in that arena by the end of the year. That’s when the number-two card network says it will close …
• 17 November

  USAT To Trade Again on Nasdaq and other Digital Transactions News briefs from 11/17/20

  

  Unattended payments provider USA Technologies inc. said it received approval from The Nasdaq Stock Market LLC to relist its common stock, which it expects will happen Nov. 19 under the USAT ticker. The stock was delisted in early 2019 following an accounting probe.American Express Co. has slated its Small Business Saturday promotion for …
• 16 November

  CVS Pharmacy’s Big QR Code Deployment Goes Live With PayPal And Venmo Options

  

  Payments based on QR codes went live Monday at 8,200 CVS Pharmacy stores nationwide, the largest such deployment so far in the U.S. market and a major step forward for PayPal Holdings Inc., which announced in July its plans to enable the technology for CVS and other chains. With the …
• 16 November

  Mastercard Moves to Bring Real-Time Account-to-Account Transfers to B2B Payments

  

  Momentum for real-time payments in the United States picked up Monday as Mastercard Inc. announced it is adding account-to-account (A2A) payments functionality to its Track Business Payment Service. The new capability, which is rolling out in the United States and will be available globally by year-end 2021, allows companies to …
• 16 November

  Chase Adds BNPL Option and other Digital Transactions New briefs from 11/16/20

  

  JPMorgan Chase & Co. is the latest to join the buy now, pay later trend with “My Chase Plan,” which allows holders of Chase consumer credit cards to pay off purchases over time with no interest. A monthly fee applies.Debit card use in mobile wallets soared 58.6% for the week ending …
• 13 November

  Priority Cites Platform Differentiation As Key to Better Results Amid the Pandemic

  

  Priority Technology Holdings Inc.’s third-quarter results have improved from a year ago, despite the Covid-19 pandemic generally weighing on the economy. The Alpharetta, Ga.-based payments provider said it had $109 million in third-quarter revenue, up 16.1% from $93.9 million in the same quarter in 2019. Its net income of $85.7 million …
• 13 November

  BitPay Brings Crypto to the Mass Payout Market With BitPay Send

  

  As firms look for ways to speed up and secure simultaneous payments to multiple workers or contractors, cryptocurrency has entered the picture. BitPay Inc., an Atlanta-based processor that offers crypto e-wallets, on Thursday said it has added a mass-payout service that will let companies pay gig workers, contractors, and other …