We’ve come to expect certain levels of safety, security, and convenience when it comes to payments. Today, consumers are using their phones, watches, and even their cars to pay for various goods and services. Recently, the Mercedes-Benz Stadium, home of the NFL’s Atlanta Falcons and MLS’ Atlanta United, switched to …
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Apriva Adds viv Support and other Digital Transactions News briefs from 4/22/19
Apriva LLC, a payments provider for unattended retail, said its network will support the viv mobile-payments app from Vagabond, allowing college students to use virtual campus cards for vending-machine purchases. In related news, Apriva said it will support mobile payments for AveriGo LLC, a software provider for the vending and …
Read More »First Data in Joint Venture To Buy Ireland’s Payzone and other Digital Transactions News Briefs from 4/19/19
Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …
Read More »AmEx Card Volume up 7% and other Digital Transactions News briefs from 4/18/19
American Express Co. reported first-quarter U.S. card-billed business of $195.5 billion, up 7% year-over-year. International volume slipped 1% to $100.2 billion, bringing AmEx’s total billed business to $295.7 billion, a 4% increase from $283.8 billion a year earlier. Discount revenue rose 5% to $6.2 billion. AmEx said its average worldwide …
Read More »Payfone Raises $24 Million and other Digital Transactions News briefs from 4/17/19
Mobile-authentication technology provider Payfone Inc. raised $24 million in a funding round led by credit-reporting agency TransUnion with participation from previous investor Synchrony Financial and two institutional investors. TransUnion said it will integrate Payfone’s Trust Platform and Trust Score with its identity products, and become Payfone’s primary partner for regulated …
Read More »Payroc’s Surcharge Program and other Digital Transactions News briefs from 4/16/19
Independent sales organization Payroc LLC launched RewardPay and CashRewards, programs aimed at offering merchants card-network-compliant services for surcharging and cash discounts at the point of sale. A report from Transaction Network Services Inc. shows 26% of survey respondents in the United States, the United Kingdom, and Australia who own a …
Read More »Gift Transactions on Zelle Prompt Chase to Roll Out Gift Cards for Mobile And Digital Users
A surge in gift transactions on the Zelle person-to-person payment network has led JPMorgan Chase & Co. to roll out a feature allowing its mobile users to send digital gift cards. The new service, announced Monday, is available now for both mobile and online customers and enables more than 60 …
Read More »Fuel Pump Security Worries 62% and other Digital Transactions News briefs from 4/15/19
Ahead of a major push for EMV chip card payments at fuel pumps, some 62% of U.S. adults are concerned about the security of their financial data when making payments at fuel pumps or convenience stores, according to a March survey of 1,270 adults conducted by YouGov and released Monday …
Read More »3dcart Enables Online CBD Sales and other Digital Transactions News briefs from 4/11/19
E-commerce services provider 3dcart said it and Fort Point Payments now offer services to enable online sales of CBD products. CBD—short for cannabidiol—is a non-intoxicating extract of marijuana. JPMorgan Chase & Co., which began processing real-time payments about a year ago, is “approaching 1 million transactions per month,” according to …
Read More »Most Full-Service Restaurants Are Frustrated With Their Payments Services, a Survey Finds
Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday. The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was …
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