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Search Results for: banking

Payments 3.0: Will Covid’s Impact Last?

Covid-19 has changed shopping and payments behavior, and a big question facing the industry is: How long will those changes last? Most conversations about the pandemic start with, “When things get back to normal.” But all signs point to a new normal rather than a return to a pre-pandemic state. …

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Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20

Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …

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EVO Teams With OTI And Other Digital Transactions News Briefs From 8/26/20

EVO Payments Inc. said it will offer payment equipment and services from On Track Innovations Ltd. to independent software vendors and unattended payments merchants.Bluefin Payment Systems LLC announced that Invoice Cloud, an electronic bill presentment and payment provider, will use Bluefin’s point-to-point encryption service.Data security services provider ControlScan Inc. said …

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Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, And Investing Apps

With underbanked consumers and gig workers looking for financial products to help them track spending, create savings, and manage debt, many financial-technology companies are layering debit products onto their core application to attract and retain customers. A driving force behind fintechs’ growing fondness for debit is that it is a …

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Blackhawk To Distribute Covid-19 Relief Cards and other Digital Transactions News briefs from 8/19/20

Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …

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Pandemic Emergencies Could Be Moving Businesses to Push for Real-Time Payments

With consumers and many businesses wary of cash and checks in the midst of the coronavirus pandemic, businesses may be more inclined than ever to pivot to real-time payments, according to research released Tuesday. Out of 252 corporate executives surveyed in June, a slim 9% said they had no plans …

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E-Commerce Sales See Gains in July, But So Does Fraud, Says ACI Worldwide

The Covid-19 pandemic in July fueled a sharp rise in e-commerce but also in fraud, according to the latest figures from ACI Worldwide Inc.  Global e-commerce transactions rose 19% in July over the same period a year earlier. Fraudulent transactions by value rose 4.4%, up from a 3.7% increase in …

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Fortis and Blue Dog Merge and other Digital Transactions News briefs from 8/11/20

Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, …

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Kroger To Test Contactless Payment Acceptance and other Digital Transactions News briefs from 8/7/20

The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle.ATM operator Cardtronics …

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Digital Services And Clover Help Fiserv Return to Growth in the Wake of a ‘Tumultuous’ Covid Impact

It’s been an eventful summer so far for Fiserv Inc., which was hammered by the recession caused by the Covid-19 pandemic but in July began to regain its footing, according to top executives who spoke Wednesday afternoon. Revenue for the Brookfield, Wis.-based payments processor dipped 1% in June but began …

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