Fiserv Small Business Index Dips and other Digital Transactions News briefs from 7/8/24

Fiserv Inc.’s Small Business Index dipped four points in June to 140 amid a slowdown in consumer spending. Lower average tickets helped bring the separate transaction index down to 111 from 113 in May.
Canada-based Digital Commerce Payments announced it has closed on its $1.5-million acquisition of the product information management business of Jasper Commerce Inc.
A company called Jig unveiled its tutoring app, called Jig App, which includes a payments platform to send fees to tutors. The app is expected to debut commercially in October.
Switzerland-based technology firm Tangem AG announced a Visa card tied to a hardware wallet that will let users make payments with stablecoins and other cryptocurrency at merchants in Europe that accept Visa. The technology requires the physical card to be used for every transaction.
The Target Corp. chain of retail stores said it will stop accepting personal checks July 15 “due to extremely low volumes,” USA Today reported. The company will continue to accept credit and debit cards; buy now, pay later; digital wallets; SNAP/EBT; and its private brand Target Circle cards.

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