News

August, 2019

• 9 August

  Integrated Payment Volume Continues to Grow at i3 Verticals

  

  Pursuing integrated payments and software developers that facilitate the payment type appears to be paying off for i3 Verticals Inc. The Nashville, Tenn.-based firm said integrated payments accounted for 51% and 49% of its payment volume in the third quarter and nine-month period, respectively. That’s up from 49% in the …
• 9 August

  Low Forecast for Contactless Mobile Payments Volume in 2019 and other Digital Transactions News briefs from 8/9/19

  

  451 Research projects that contactless mobile payments will control less than 2% of U.S. retail sales in 2019, owing to lack of a “measurably better value proposition” for mobile payments vs. cards, as well as other factors.Chase Bank, a unit of JPMorgan Chase & Co., has canceled all credit card debt for …
• 8 August

  Uber Says It’s Having Some Success in Reducing Payment Card Costs

  

  Ride-sharing leader Uber Technologies Inc. reported Thursday that it’s had some success in reducing payment card acceptance costs, though it didn’t say by how much. “We continue to make good progress,” Nelson Chai, San Francisco-based Uber’s chief financial officer, said on a late-afternoon conference call with analysts to review the …
• 8 August

  Sales Partners: Driving a simplified ISV sales strategy

  

        Independent software vendors (ISVs) are busy trying to build customized products, account for the end-user’s experience across multiple markets, and drive sales. ISVs also face issues like timeliness, usability, and scalability – all while the demands of a new consumer segment (Gen Z, etc.), and an evolving …
• 8 August

  With Chase Rollout Completed, Cardlytics’ User Base More Than Doubles

  

  With the addition of megabank JPMorgan Chase & Co. as a customer fully completed, marketing services provider Cardlytics Inc. on Thursday reported that it had an average of 120.1 million monthly active users on its platform as of June 30, up 104% from 58.8 million users a year earlier. Atlanta-based …
• 8 August

  Wall Street Punishes Green Dot As Growth Slows

  

  Green Dot Corp.’s shares plummeted Thursday morning after the company reported a slowdown in year-over-year revenue growth and a drop in active accounts that surprised some observers. The Pasadena, Calif.-based company, which specializes in prepaid products and banking services, reported adjusted second-quarter revenue of $265 million, up 5% year-over-year but …
• 8 August

  3dcart Adds ClearSale Option and other Digital Transactions News briefs from 8/8/19

  

  ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …
• 7 August

  Consumers Are Receptive to the Unconventional Apple Card, Separate Studies Show

  

  Apple Inc.’s new Apple Card is an unconventional animal with what some observers call ho-hum rewards, but separate studies released Wednesday show the card nonetheless could make a big splash. Research firm J.D. Power said its late June survey found “awareness is already remarkably high” for a product that offers …
• 7 August

  Eye on Earnings: CPI’s U.S. EMV Card Boost; EVO Notes Higher Revenue

  

  Dual-interface credit and debit card sales lifted CPI Card Group Inc.’s second-quarter sales figure, the company reported Wednesday. As the nation’s issuers increase their orders for the near-field communications-equipped chip cards—the cards can be dipped into a point-of-sale terminal or tapped against compatible devices to do a transaction—Littleton, Colo.-based CPI …
• 7 August

  InComm in L.A. Transit Retail Expansion and other Digital Transactions New briefs from 8/7/19

  

  Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.Associated Bank launched a digital checking …