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- January retail sales, excluding automotive, were up 8.8% over January 2022, Mastercard Inc. said in its latest SpendingPulse report. Restaurant spending, in particular, was high at 24.2% more sales year-over-year.
- Spending on Bank of America Corp. credit and debit cards increased 5.1% year-over-year in January in a sign the bank interprets as “signs of a strengthening in consumer spending” at the start of the year. The bank notes that the Omicron covid variant depressed spending somewhat in January 2022.
- Global Payments Inc. said it will provide payment technology services to Truist Park and State Farm Arena in Atlanta, respective homes to the Atlanta Braves and the Atlanta Hawks sports teams. The integrations began this quarter.
- A payments startup called StaqPay will launch its service in the second quarter with Breeze Airways. Staq combines credit card, debit card, automated clearing house, and cryptocurrency payments with rewards and other incentives.
- American Express Co. said it is working with Microsoft to build services on Microsoft Cloud and on artificial intelligence to ease business-travel friction.
- Ten payments professionals were named to the 2023 Electronic Transactions Association Young Payment Professionals Scholars Program, which is sponsored by Discover.
- Transaction Network Services named Matthew Thomas as managing director for the United Kingdom and Ireland for its Payments Market business. Most recently, Thomas was chief technology officer, international, at Cardtronics.
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