Friday , November 8, 2024

Elavon Boosts Apple Pay Support in Canada and other Digital Transactions News briefs

•  Costco Wholesale Corp., along with Citigroup Inc. and Visa Inc., officially announced the new Citi-issued Costco Anywhere Visa consumer and business credit cards to replace Costco’s American Express Co. cobranded card; the new card gives 4% cash back on gas purchases, 3% back on restaurant and eligible travel purchases, 2% on Costco in-store and online purchases, and 1% on other purchases. Beginning today, Visa is now the only general-purpose credit card brand accepted at the warehouse retailer.

Merchant processor Elavon Inc. announced it is supporting Apple Pay transactions in Canada on the Visa, MasterCard, and Interac networks, in addition to American Express.

Diebold Inc. said its acquisition of German ATM manufacturer Wincor Nixdorf gained regulatory clearance from Brazil’s antitrust authority; several other countries already have approved the deal, but it still needs an okay from Poland. Diebold expects the $1.8 billion acquisition to close as planned this summer.

IFAN Financial Inc., a developer of mobile-payments software, said it has formed a joint venture with commerce-technology company GeoCommerce Inc. to develop customer-engagement solutions.

Processor Fiserv Inc. said Oklahoma’s Welch State Bank will use its Precision core account-processing platform and its Source Capture Solutions system for image capture of items presented at merchant locations, branches, and through mobile devices.

Thirty-year Olympic Games sponsor Visa Inc. launched what the network calls its “most ambitious” global Olympics advertising campaign yet as the summer games in Rio de Janeiro approach; the multi-media campaign will feature a “Carpool” theme that will promote Visa’s payment innovations and the diverse group of athletes on Team Visa.

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