Transaction Processing

Despite the slowdown in manufacturing as a result of the Covid-19 pandemic, shipments of wearable devices, which are often fitted for payments, are forecast to hit 396 million units in 2020, a 14.5% increase from 2019, says International Data Corp.  During the first half of 2020, 38% of all wearable …

Real-time payments are gaining momentum in the United States, but research released Monday indicates the U.S. market remains a laggard. The total value of so-called instant payments will reach $18 trillion in 2025, but the U.S. share of that market will total just 8%, or $1.4 trillion, according to a …

Consumers appear to like using their mobile wallets for payments, with PSCU, a credit union service organization, reporting a 70.3% increase in the use of debit cards for the week ending Sept. 20 over the week ending Sept. 22, 2019. Credit card use in wallets was up 50.4%.Some 76% of small-business owners will …

Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …

Cleure, a marketer of skin-care products, announced it will launch a redesigned Web site whose features include an express checkout with installment-lending capability from Afterpay Ltd.Payments provider Trust Payments said it has joined with property-management software provider Guestline to launch GuestPay, a payment service for hotel managers. The service is available in 25 …

Over the last 24 months, organizations across the globe have experienced $42 billion in total fraud losses. An increasing number of businesses report higher losses related to fraudulent identities year over year, according to a report from Experian, from 51% in 2017 to 57% in 2019. Here are some of …

ActiveCampaign, a customer-experience automation provider, is teaming with Stripe Inc. and PayPal Holdings Inc. to integrate its software in the platforms of both payment providers. The integrations will enable merchants to connect their Stripe or PayPal accounts to ActiveCampaign through native integrations and use payer data to coordinate personalized customer …

To the extent students are returning to college campuses, payments companies are pursuing opportunities in contactless payments—even when it comes to paying for parking. PayByPhone Technologies Inc. on Thursday said that with recent additions its mobile parking app is now available at 29 North American colleges and universities.  The app …

Point-of-sale system develop Revel Systems Inc. formed the Revel Advisory Board, whose members will advise and guide Revel clients on subjects such as franchise planning, scalability and growth, technology, and data use.Processor Paya Inc. and FinTech Acquisition Corp. III, a special-purpose acquisition company, announced FinTech Acquisition Corp. III has filed a Form S-4 related to the …

Mastercard Inc. announced Wednesday plans to expand its Digital First card program in North America by partnering with payment processors to provide guidelines for consumer experience with digital payment cards.  Processors Mastercard is partnering with include CoreCard Software Inc., FIS Inc., Fiserv Inc., Galileo Processing Inc., i2c Inc., Marqeta Inc., …