Digital Transactions Authoritative, insightful and timely information for payments professionals
Grocery commerce provider Mercatus launched its SNAP EBT Online service that enables recipients of Supplemental Nutrition Assistance Program benefits to order and pay for groceries online.Alliance Data Systems Corp. said its Bread unit is licensing its payments technology to Royal Bank of Canada to support the bank’s PayPlan point-of-sale installment-lending service. Alliance Data …
January, 2021
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27 January
PayPal Expands Its QR Payment App to Small Businesses Via Vistaprint
Vistaprint, a provider of physical and digital marketing materials to small businesses, announced Wednesday an agreement with PayPal Holdings Inc. to enable small businesses to accept payments through Quick Response codes. To order Vistaprint marketing materials with a QR code, small businesses log on to Vistaprint’s Web site and choose …
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27 January
As Open Banking Grows More Popular, Banks Work to Streamline Links to Fintech Apps
The firms that make payments apps work behind the scenes are facing a growing problem. As more and more consumers use the apps, more and more banks get involved, casting an ever-widening net of unique requirements on the data networks that connect the apps to users’ bank accounts. That places …
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27 January
3dcart Rebranded as Shift4Shop and other Digital Transactions News briefs from 1/27/21
Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.Visa Inc. has …
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26 January
AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending
In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …
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26 January
Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21
Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …
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25 January
A Planned Pilot for FedNow Spurs More Than 110 Banks And Processors to Sign up
The Federal Reserve reported late Monday it has received more than 110 expressions of interest from financial institutions and processors for a real-time payments pilot program slated to start later this quarter. That number exceeds the 80 entities the Fed expected to participate in the pilot for the FedNow service, …
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25 January
It’s Official: NCR Succeeds In Its Bid to Acquire Cardtronics in a $2.5-Billion Deal
NCR Corp. entered into a definitive agreement Monday to acquire ATM network operator Cardtronics plc for $39 a share in an all-cash transaction valued at $2.5 billion, including debt. The deal, which NCR plans to finance with cash on hand and financing from Bank of America N.A., is projected to …
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25 January
MoneyGram’s Links to Visa Direct And Checkout.com Hike the Stakes in Near Real Time Remittances
The remittance giants haven’t been shy over the last two years in adopting card-network technology and local payments services to close the last mile for fast transfers directly to users’ mobile devices. And MoneyGram International Inc. on Friday played its latest card in this market with an arrangement that will …
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25 January
Debit Card Growth Outpaces Credit Cards and other Digital Transactions News briefs from 1/25/21
Growing numbers of consumers continue to grab their debit cards when shopping, with the overall U.S. spend made with debit cards up 25% for the week ending Jan. 17, compared to the week of Jan. 19, 2020, according to the PSCU Tracking Transaction Trends report issued Monday. Credit card spend was up …
