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- Fearing Covid-19, consumers are less likely to use any method to make a payment in a store these days, but 20% say they have used a smart phone or smart watch do so in the past week, no change from a year ago, even though fewer say they have used a debit or credit card, cash, or check. That’s according to a survey of 1,701 U.S. adults by J.D. Power, which for this question compared usage May 29-31 with June 28-29, 2019.
- Overall debit card spending by members of credit unions served by credit-union service organization PSCU rose 9.5% in the week ending May 31 from the comparable year-earlier week, marking the seventh consecutive week of year-over-year growth. Credit card spending was down 13.4% year-over-year, slightly worse than the preceding week, PSCU said in its latest weekly report tracking payments trends during the Covid-19 pandemic.
- Paysafe Group announced the U.S. debut of its Skrill money-transfer service. Skrill users will be able to send money at no cost to recipients in Mexico, India, and 16 other nations, with more available soon. Skrill’s money-transfer service first launched in Europe in 2018.
- Challenger bank Unifimoney Inc. said its Second Wave contactless Visa cards will use a core made with plastic recovered from shipments bound for disposal in the ocean. CPI Card Group is the card manufacturer.
- Watchmaker Hublot launched the Big Bang e, a smart watch that incorporates Google’s Wear OS and can make payments via Google Pay. The device is available in titanium or black ceramic.
- Apple Inc. plans to offer installment-payment options on the Apple Card, a credit card issued by a Goldman Sachs subsidiary, for purchases of many of its products, including Macs, iPads, and Air Pods, Bloomberg reported.
- Installment-payments provider Klarna Bank AB announced it has 7.85 million U.S. customers and more than 4,200 U.S. retailers offer its service.
- Payments provider SignaPay Ltd. announced a redesigned public Web site along with a new partner portal for independent sales organizations working with the company.
- Payspan Inc., a healthcare-payments specialist, said it is working with financial-software vendor Aquina Health to offer short-term working-capital loans to healthcare providers, with automated repayment.
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