Digital Transactions Authoritative, insightful and timely information for payments professionals
Repay Holdings Corp. launched its Instant Funding product in Canada. The service uses Visa Inc.’s Visa Direct service to send funds directly to eligible Visa debit and prepaid cards. Repay said Canadian lenders and finance companies can disburse funds electronically and eliminate traditional checks and electronic funds transfer transactions. Repay also …
August, 2019
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12 August
A Rising Tide of Digital Payments Will Bring New Fraud Threats, Says Forrester
As payment companies expand ways for consumers to make digital payments, 62% of North American merchants, bankers, and fintech providers expect more such payments within the next two years, says Forrester Research Inc. in its “Understanding the Evolving Payments Landscape” report released Monday. Commissioned by Visa Inc., the report also found …
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12 August
COMMENTARY: Cash Vs. Cashless: Which Is Better for Business?
From cities to stadiums to quick-service restaurants, more and more places are grappling with the idea of going 100% cashless. According to the Pew Research Center, almost a third of Americans have stopped using cash for their typical weekly spending. Even Monopoly, many children’s first interaction with money and the …
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12 August
Wells Names New Wells Fargo Merchant Services Boss and other Digital Transactions New briefs from 8/12/19
Wells Fargo & Co. said former Mastercard Inc. executive Colleen Taylor is joining the bank as head of Wells Fargo Merchant Services, the bank’s merchant-acquiring joint venture with Fiserv Inc. Fiserv took over the operation as part of its acquisition of First Data Corp., which last year reached an agreement with Wells …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
