Thursday , September 19, 2024

Search Results for: digital identity

Costco’s New Pump Payment Tech and other Digital Transactions News Briefs from 9/11/24

Retailing giant Costco Wholesale Corp. has contracted with technology company Vontier to install new payments devices and software at the chain’s 76 fueling stations in Canada, starting next month. Vontier two years ago acquired Invenco, a company that included long-time fueling-technology provider Gilbarco Veeder-Root. Payment processor Silverflow said it has reached a new agreement …

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AmEx, Knot Test Updater System and other Digital Transactions News briefs from 9/5/24

American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …

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A Spend Card from Visa and other Digital Transactions News briefs from 8/30/24

Keys Inc., a technology platform for locksmiths, has launched the Keys Visa Spend Card, issued by Celtic Bank. The card allows locksmiths to receive earnings instantly, with processing by Stripe Inc. Payments-technology provider Transcard said it worked with the University of Tennessee Athletics Department to gain naming rights for and launch the …

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Mastercard Payment Passkey Debuts and other Digital Transactions News briefs from 8/29/24

Mastercard Inc. launched its Payment Passkey Service with payments processors and consumers in India, and says it will introduce the technology in other markets globally in coming months. The technology, aimed at online transactions, tokenizes payment credentials and enables biometric authentication of cardholders. Canada-based online travel agency justfly.com introduced a pay-by-bank feature, allowing travelers to …

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Vanco’s RevTrak Plan and other Digital Transactions News briefs from 8/28/24

Vanco, a payments-technology provider to more than 3,000 schools, said it is expanding its partnership with Frontline Education, a developer of administrative software for educational institutions, to include Vanco’s RevTrak payments platform, which the company says eases school fees and other payments for families. Adyen NV will process transactions for Aghanim, …

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Jack Henry Revenue up 4.7% and other Digital Transactions News briefs from 8/21/24

Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …

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Toast Sites Balloon 29% and other Digital Transactions News briefs from 8/7/24

Hospitality point-of-sale maker Toast Inc. said it now serves 120,000 merchant locations as of the end of the second quarter, a 29% increase from the same period a year ago. Its gross payment volume jumped 26% year-over-year to $40.5 billion. Toast posted second quarter revenue of $1.24 billion, a 27% increase from …

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Aurus To Integrate Paze’s Checkout Tech and other Digital Transactions News briefs from 7/19/24

Payment-processing software provider Aurus Inc. said it will work with Early Warning Services LLC to integrate EWS’s Paze online checkout technology, with Aurus user Wakefern Food Corp. having already adopted Paze. Cash App will leave the United Kingdom market, having launched there in 2018, it announced in a Web post. The service will shut down …

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BNPL Satisfaction High and other Digital Transactions News briefs from 7/11/24

A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the …

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Debit Cap Suit Can Proceed and other Digital Transactions News briefs from 7/1/24

The U.S. Supreme Court ruled a lawsuit challenging the Federal Reserve’s 2011 debit card cap as too high can move forward. The suit, brought in 2021 by a North Dakota truck stop, had been opposed by banks as having been filed too late. Downloads of digital-identity apps will grow 126% worldwide, …

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Digital Transactions