News

November, 2020

• 11 November

  Buy Now, Pay Later Payments Coming to Gap Brands with Afterpay Integration

  

  Point-of-sale installment lender Afterpay Ltd. has agreed to provide its buy now, pay later service to customers of Gap Inc., including its Gap, Old Navy, Banana Republic, and Athleta brands. Afterpay’s buy now, pay later service enables consumers to make four interest-free installment payments. The retailer is paid in full, …
• 11 November

  Contactless Payment a First for 53% and other Digital Transactions News briefs from 11/11/20

  

  Research from Inmar Intelligence found that 53% of shoppers used a mobile contactless payment option for the first time since the start of the pandemic. Additionally, most—55%—of the 1,000 respondents surveyed said they have been avoiding using cash in general in the same period. A full 28% will avoid retailers not offering …
• 10 November

  Contactless Payment Provider Purewrist Partners With Processor i2c

  

  Purewrist, a provider of contactless transaction technology, announced Tuesday its Purewrist GO wearable bracelet will go live on card issuer and processor i2c Inc.’s platform. Purewrist chose i2c as its payment processor because of i2c’s global footprint and its platform’s support for devices that enable contactless and mobile transactions, says …
• 10 November

  Walmart in Canada Will Introduce Debit on Apple Pay And Google Pay Via Interac

  

  Walmart Inc. will start next spring allowing customers in Canada to pay with debit in-app and in-browser using wallets like Apple Pay and Google Pay, the Canadian national payments network Interac announced Tuesday. Interac positions the new service as enabling so-called proprietary wallets, which it confirmed includes the apps from …
• 10 November

  Nacha’s First Phixius Transaction and other Digital Transactions News briefs from 11/10/20

  

  Nacha announced the first transactions on its Phixius network, which facilitates information exchange between payors and payees using the automated clearing house network. The Phixius network relies on standardized open application programming interfaces. Nacha announced in February its intention to develop Phixius. Visa Inc. joined in August.Authentication services provider Paay and Bluefin Payment Systems, …
• 9 November

  Eye on Digital Payments: How Covid Is Impacting Business Payments; Contactless Guidance Emerges

  

  The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …
• 9 November

  Its SPAC Merger Behind It, Paya Reports Growth ‘Momentum’ From ACH

  

  Paya Holdings Inc. is known for its base in integrated payments and for its processing concentration in card-not-present transactions. But what also became clear early Monday is its growing strength in bringing capability for automated clearing house payments to its roster of clients. “We have good momentum there,” said chief …
• 9 November

  PDI in Touch-Free Payment Service with NCR and other Digital Transactions News briefs from 11/9/20

  

  Professional Datasolutions Inc., which acquired private-label debit provider ZipLine in June, said it is working with NCR Corp. on a touch-free mobile payment service for the convenience-store industry.Payment card use among travel companies remained substantially down year-over-year, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the …
• 6 November

  Visa Hits Back After the Justice Department Challenges the Network’s $5.3-Billion Plaid Deal

  

  Visa Inc. on Thursday delivered a rebuke to the Department of Justice’s antitrust lawsuit attempting to block its $5.3 billion acquisition of Plaid Inc., calling the lawsuit “legally flawed and contradicted by the facts.”  The Department of Justice, which had filed the suit hours earlier, charges that Visa’s deal for …
• 6 November

  USA Technologies Adds 15,000 New Connections and other Digital Transactions News briefs from 11/6/20

  

  USA Technologies Inc., which provides technology to the vending industry for payments acceptance, reported 15,000 net new connections in its fiscal 2021 first quarter, bringing the total to 1,335,000. Revenue rose 13% from the previous quarter to $36.9 million, but was down 15% from the year-ago quarter. The company shaved …