Zark Parking Solutions Inc., a parking-reservations platform, said it is adding payment options, including an integration with Apple Pay, single-click log-ins with Google and Apple, and its own Web app. Sales by U.S. small businesses grew 5.6% year-over-year in April, sending Fiserv Inc.’s April Small Business Index up four points to 145. …
Read More »Worldpay PayFacs Get Tap-to-Pay on iPhone and other Digital Transactions News briefs from 5/2/24
Worldpay has made tap-to-pay on iPhone technology available to payment facilitators to offer to their merchants. Two payfacs, Fullsteam and Autobooks, have launched the service. Tap to pay lets merchants accept contactless card payments on an ordinary mobile phone with no additional hardware. Cantaloupe Inc., a supplier of payments technology for …
Read More »A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal
The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …
Read More »Mastercard Revenue up 10% and other Digital Transactions News briefs from 5/1/24
Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …
Read More »DoorDash’s SNAP at 7,800 Walgreens Stores
Consumers using SNAP and electronic benefits transfer payments at a U.S. Walgreens Boots Alliance Inc. store now have broader access to the services through DoorDash Inc., a third-party delivery service. Announced Wednesday, the deal means Walgreens shoppers can use their SNAP/EBT payments card at any Walgreens, regardless of where they …
Read More »Nuvei Launches Invoice Financing and other Digital Transactions News briefs from 4/12/24
Processor Nuvei Corp. launched a financing option to allow client merchants to make invoice payments through their enterprise resource planning (ERP) platforms. Health and beauty retailers lead all sellers in adoption of gift cards, followed by general merchandise retailers and sporting-goods stores, according to scores developed by Blackhawk Network and NAPCO Research …
Read More »Mastercard Realigns Units and other Digital Transactions News briefs from 4/9/24
Mastercard Inc. announced an organizational realignment that centers on core payments, commercial and new payment flows, and services. Jorn Lambert will lead core payments as chief product officer. Raj Seshadri will head commercial and new payment flows as chief commercial payments officer. Craig Vosburg becomes the chief services officer in charge …
Read More »Usio Manages To Grow Revenues Despite a 26% Decline in Payment Volume
Usio Inc. pulled off a 19% increase in revenues and reduced its losses last year despite a 26% drop in total payment volume processed, according to a new financial filing from the merchant processor. San Antonio, Texas-based Usio provides payment-facilitator services, credit card processing, automated clearing house payments, prepaid card …
Read More »FedNow User Group Formed and other Digital Transactions News briefs from 3/15/24
The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …
Read More »DoorDash Expands Its SNAP/EBT Program to More Than 10,000 Stores
DoorDash Inc. has added 13 grocery-store chains to its platform that will accept electronic benefits transfer and SNAP cards for payment. The list of grocers—which includes, ACME Markets, Food City, Hy-Vee, Jewel-Osco, Kings Food Markets, Pavilions, Randalls, Shaw’s, Sprouts Farmers Market, Star Market, Stater Bros. Markets, Tom Thumb, and Vons—comprises …
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