October 30, 2020
Acquiring, ATMs, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …
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October 29, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and …
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October 28, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Visa Inc. has agreed to acquire YellowPepper USA Inc., whose technology supports financial institutions in Latin America and the Caribbean in launching cards and other financial services. Terms of the transaction, which is expected to close in the next few weeks, were not announced.Celero Commerce said it will acquire TransNational Payments. Celero …
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October 26, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Kiosks & Ticketing Machines, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
USA Technologies Inc., a payments-technology provider for the vending-machine business, announced it has completed the introduction of EMV and contactless EMV acceptance capability for its ePort G10-Chip reader line. The enhancement process was launched in February.The Western Union Co. said it now has added bank accounts, wallets, and cards to its …
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October 23, 2020
ScanSource and Ingenico are showcasing how you can help retailers build consumer confidence by offering a safer, faster way to pay. In their upcoming webinar on 11/18, they’ll shed light on: Positioning contactless & mobile payments as the fastest, safest way to pay Current and upcoming processor and gateway certifications …
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October 22, 2020
Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Alliance Data Systems Corp., a provider of loyalty and marketing services, is moving its nearly 24-year-old in-house private-label card processing operations to Fiserv Inc. The move is part of Alliance Data’s strategy of investing in the development of new digital services for its customers, such as offering credit options to …
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October 22, 2020
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Point-of-sale, Transaction Processing
As Covid-19 cases spike around the country, grocers and technology companies alike are scrambling to blunt the pandemic’s financial impact. On Thursday, the online delivery service Instacart announced it is starting a program with the grocery chain Aldi to allow recipients of federal SNAP benefits to use their electronic benefit …
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October 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Law and Regulation, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Discover Financial Services reported its payment-services volume totaled $69.7 billion in the third quarter, up 11% year-over-year. Volume on the Pulse debit network increased 16% to $55 billion owing to larger average spending due to the pandemic and to the lift from stimulus funds.Payments provider PaymentCloud Inc. said it acquired contactless technology startup …
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October 21, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …
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October 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Pricing, Transaction Processing
Last conducted in 2016, the latest Third-Party Processing Pricing Benchmark Study from The Strawhecker Group indicates that debit and credit card transaction pricing appears to have leveled off. The average value of an IP-connected front-end authorization and capture action in 2020 is $0.016 for jumbo wholesale acquirers, or those with …
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