News

July, 2019

• 11 July

  Amazon Prime Day Starts Monday And Is Shaping up To Be a Payments Bonanza

  

  Amazon Prime Day is set for next week, and by all accounts Amazon.com Inc.’s online and in-store shopping frenzy is likely to be a payments-palooza. The event, which despite its name is set to cover two full days—July 15 and 16—this year, will generate $5.8 billion in sales, with $3.6 …
• 11 July

  Priority Unit Joins Billtrust Network and other Digital Transactions News briefs from 7/11/19

  

  Business-to-business payments specialist Billtrust said Priority Commercial Payments, a unit of Priority Technology Holdings Inc., joined the Billtrust Business Payments Network. Mastercard Inc. said it is collaborating with OpenText, an enterprise information-management firm, on a business payments service and initially is targeting the automotive industry. Mastercard also said it is …
• 10 July

  Mastercard Extends Its Real-Time Push-Payment Service to Workers in the Gig Economy

  

  As the gig economy grows, so does workers’ need for quicker access to their wages than they can get through traditional payroll schedules. To facilitate faster delivery of wages to gig and hourly workers, Mastercard Inc. has partnered with Memphis, Tenn.-based Evolve Bank & Trust to push wages in real …
• 10 July

  Park Place Payments Debuts and other Digital Transactions News briefs from 7/10/19

  

  A payments provider called Park Place Payments launched with a direct sales force made up of women and an offer of advanced technology coupled with transparent pricing. Lime, which offers electric scooters for urban transport, has contracted with payout service Hyperwallet to pay so-called juicers, a network of contractors that …
• 9 July

  Two Months on, Uber Transit Ticketing Is Averaging a 42% Weekly Growth Rate

  

  Denver’s use of Uber for transit ticketing appears to be gaining traction among commuters. More than 1,200 tickets have been sold through the app since its May 3 launch, Uber Technologies Inc. announced Tuesday. That pegs growth at an average of 42% per week in the launch period, the ride-share …
• 9 July

  A Nxt-ID And CPI Card Group Alliance Equips Fit Pay’s Flip Device for Contactless

  

  Nxt-ID Inc.’s Fit Pay Inc. unit is using contactless technology from CPI Card Group Inc. for Fit Pay’s coin-shaped Flip device, which lets users store and spend U.S. dollars converted from Bitcoin holdings. Specifically, Fit Pay, a unit of Melbourne, Fla.-based Nxt-ID Inc., has adopted a product called “Adaptives,” CPI …
• 9 July

  Can New Tech And New Rules Finally Stop the Plague of Mounting Chargebacks?

  

  Visa Inc. and Mastercard Inc. may be making significant progress in their bid to simplify and speed their aged and cumbersome chargeback processes through automation, rules changes, and some key acquisitions, experts contend. The biggest gains in chargeback efficiency are expected to come when Visa and Mastercard launch real-time communications …
• 9 July

  Mastercard Completes Transfast Deal and other Digital Transactions News briefs from 7/9/19

  

  Mastercard Inc. completed its acquisition of Transfast, a cross-border payments specialist. Terms were not disclosed. Transfast provides B2B and person-to-person payment services through a network it says covers more than 125 countries and includes direct integrations with more than 300 banks and other financial institutions. The company also supports Mastercard …
• 8 July

  Eye on Acquisitions: InComm Acquires Meridian Loyalty; Fleetcor’s Payroll Card Move

  

  Prepaid payments provider InComm Inc. announced the acquisition of Meridian Loyalty, an incentives provider for large corporations. Separately, Fleetcor Technologies Inc. said it will acquire Sole Financial, a payroll card provider. Atlanta-based InComm said its acquisition of St. Louis-based Meridian will boost its incentive business for corporations. Among Meridian’s specialties …
• 8 July

  eProcessing’s New Card Reader and other Digital Transactions News briefs from 7/8/19

  

  Payments-technology provider eProcessing Network LLC introduced its Premier Verify SCN, an EMV-certified card reader that supports contactless payments, including Google Pay and Apple Pay. Aimed at small and mid-size merchants, the device is said to cut transaction times by 50%. Software provider Patientco launched two health-care payment applications for Epic …