Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
November, 2020
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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 …
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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 …
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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 …
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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 …
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13 November
Visa Makes Another Investment in Lisnr and other Digital Transactions News briefs from 11/13/20
Visa Inc. has invested an undisclosed sum in Lisnr Inc., an 8-year-old startup whose technology enables mobile payments via sound waves. The fresh investment follows an initial funding Visa made in the company a year ago.Century Business Solutions said its EBizCharge payment service is certified for the Sage Intacct Marketplace to be …
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12 November
A New Virus Surge Will Send E-Commerce Volume Soaring Even Beyond Current Levels
With a second wave of the Covid-19 pandemic surging and bringing with it the fear of another nationwide lockdown, merchants can expect to see a minimum 20% to 30% increase in holiday e-commerce sales in 2020, compared to 2019, says ACI Worldwide Inc. The Naples, Fla.-based payments provider Thursday said …
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12 November
Global Payments Provider Rapyd Seeks to Put a Lid on Fraud Across Multiple Payment Types
As cross-border transfers become a priority with merchants and processors across multiple payment methods, the risk of fraud losses multiplies. That pressure has led Rapyd Financial Networks Ltd. to launch a feature aimed at detecting fraudulent transactions across the company’s network, which operates in more than 100 countries and supports …
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12 November
Small Business Transaction Update and other Digital Transactions News briefs from 11/12/20
Card-present and card-not-present transactions for small businesses in the CardFlight Small Business Report for Nov. 11 held steady from the week prior. Card-present transactions stood at 14.6% of sales, compared to 12.9% the week before. Card-not-present transactions were at 38.4%, compared with 37.2% a week earlier.MerchantE, a provider of technology to merchants …
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11 November
InComm Teams With MoCaFi to Offer Free Reloads to Unbanked Prepaid Card Users
Payment technology provider InComm Payments is partnering with Mobility Capital Finance (MoCaFi), a mobile-based banking platform, to enable MoCaFi Mobility Debit Mastercard cardholders to load their cards at no charge. MoCaFi will absorb any costs related to the reload. The deal enables MoCaFi, which serves unbanked and underbanked customers, to offer …
