Coffee king Starbucks Corp. announced new options beginning this fall for earning loyalty points, or stars, in the Starbucks Rewards program without paying with a registered Starbucks physical card or card loaded into the Starbucks mobile app. The options to be available at company-owned stores in the United States and Canada will …
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BigCommerce Eyes IPO and other Digital Transactions News briefs from 7/17/20
E-commerce services provider BigCommerce Holdings Inc. filed a registration statement this week ahead of a possible IPO.In its latest report on small businesses using its SwipeSimple payment service during the Covid-19 pandemic, CardFlight Inc. said overall transaction counts decreased 9.2% in the week ending July 12 from the week before, but were still 14% …
Read More »SoFi Joins Cardtronics Allpoint ATM Network and other Digital Transactions News briefs from 6/26/20
ATM network operator Cardtronics plc said customers of Social Finance Inc. (SoFi) will get access to the 55,000 ATMs in the Cardtronics-owned Allpoint surcharge-free network, including several at the new SoFi Stadium in Los Angeles, under a new agreement between the companies.Payment technology provider Galileo announced the full launch of Galileo Instant, a service …
Read More »Payroc Acquires Gateway Payments and other Digital Transactions News briefs from 4/23/20
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
Read More »Cafe Settles Surcharging Case and other Digital Transactions News briefs from 2/27/20
A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square …
Read More »Green Dot Dollar Volume Up and other Digital Transactions News briefs from 2/20/20
Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …
Read More »Surcharging Is Poised to Gain Momentum As State Bans Fall And Acquirers Spot Opportunities
Surcharges on credit card transactions could pick up momentum now that only four states effectively ban the practice, a panel of experts indicated Wednesday at a merchant-acquiring trade show. That momentum may benefit not only merchants wary of card-acceptance costs but also merchant-service providers that focus on surcharging as a …
Read More »Surcharging? Don’t Waste Your Time
Adding to the tab to account for payment card costs is just plain dumb. Here are the reasons why. Now that recent court and legislative decisions have cleared the way, many merchants and merchant-service providers are considering surcharging to recover credit card acceptance costs. If you are one of them, …
Read More »Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show
Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month …
Read More »Merchants’ Double Whammy
Merchants have been skirmishing with networks and issuers over acceptance costs since the days of cardboard cards. As 2020 approaches, interchange rates are stable, but merchants are seeing more sales on high-cost rewards cards while paying more network fees. Not so long ago, if you wanted to get a card-accepting …
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