News

November, 2024

• 25 November

  Elevating the consumer payment experience – Setting the stage for merchant growth

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …
• 25 November

  Holiday Shoppers Are Expected to Spend More This Year As the Season Gets Set To Kick Off

  

  Consumers will spend a record $650 per person during Black Friday-Cyber Monday shopping events, a 15% increase from last year, according to a study from Deloitte. During the Black Friday-Cyber Monday period, 56% of consumers say they plan to spend more than half their holiday shopping budgets, compared to 47% …
• 25 November

  Eye on E-Commerce: DoorDash Launches In-App Gift Card Shopping; Noodles’ First E-Commerce Store

  

  Delivery-services provider DoorDash is bringing in-app gift card shopping to its app. Launching Friday, the new service relies on gift card specialist InComm Payments. Announced Monday, the service creates a digital gift card mall in the app, Incomm says. Consumers will be able to order physical gift cards from participating …
• 25 November

  Credit and Debit Travel Faves and other Digital Transactions News briefs from 11/25/24

  

  Some 79% of airline passengers globally use debit and credit cards for all or most airline travel, but digital wallets and instant payments are gaining ground, according to “Online Airline Booking Insights 2024,” a report from ResearchAndMarkets.com. Some 72% of passengers book most of their trips online. Nearly two-thirds of U.S. …
• 22 November

  Small Businesses Have Work to Do to Attract Shoppers, NMI Finds

  

  While 78% of consumers say they are willing to pay more to shop at small merchants to help those businesses flourish, most plan to shop at large retailers as the holiday shopping season kicks off, a survey from payments processor NMI says. When the holiday shopping season officially kicks off …
• 22 November

  With Work, Many Merchants Could Be Compliant with New Click to Cancel Rule

  

  Consumers irked by the difficulty of unenrolling from some subscription services will gain relief May 14, when merchants must be compliant with the Federal Trade Commission’s revised Negative Option Role, otherwise known as click to cancel. Merchants, however, have a lot of work between now and then. The rule, which …
• 22 November

  BNY Mellon Lands Direct Express Contract and other Digital Transactions News briefs from 11/22/24

  

  The Bureau of the Fiscal Service, part of the U.S. Treasury Department, has appointed the Bank of New York Mellon Corp. to manage the bureau’s Direct Express prepaid debit card program under a five-year agreement, starting Jan. 3. Fraud-prevention platforms Bectran Inc. and Giact Systems LLC are partnering to offer companies services …
• 21 November

  Overhaul Your Payment Processing with Payarc’s PAYFAC Platform

  

  Empower Your Business with Seamless Transactions In today’s digital ecosystem, software companies have a wide range of options to create unique payment experience for consumers. Recently, payment facilitation has been an increasingly popular choice for business owners when it comes to accepting payments. Instead of each business needing to establish …
• 21 November

  Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.

  

  Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a provider of fundraising, education, and social impact apps, to enable digital tuition payments in the United States for international students. The deal covers more than 1,000 K-12 private and independent schools served by Blackbaud and …
• 21 November

  As the Trump Administration Looms, the CFPB Issues a Rule for Payments Apps

  

  Federal regulation is coming to payments apps offered by the country’s biggest tech companies. The Consumer Financial Protection Bureau said early Thursday it has “finalized” a rule that will regulate wallets and digital money transfers offered through payments services such as those of Apple Inc., Block Inc., Google LLC, and …