November 9, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Professional Datasolutions Inc., which acquired private-label debit provider ZipLine in June, said it is working with NCR Corp. on a touch-free mobile payment service for the convenience-store industry.Payment card use among travel companies remained substantially down year-over-year, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the …
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November 2, 2020
Each year, Digital Transactions uses this space to lay out the problems impacting the payments industry. This time, the Covid-19 pandemic has inflected our coverage across a wide range of issues. The solutions will have to be far from business as usual. 2020 has been one of those years you …
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October 28, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
As were all payments networks, Mastercard Inc. was hammered by the novel coronavirus pandemic, but its leaders Wednesday morning pointed to a tentative recovery. “Overall, we see signs of improvement, but we’re not out of the woods yet,” noted Ajay Banga, Mastercard’s outgoing chief executive, during a conference call with …
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October 27, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Ria Money Transfer, a unit of Euronet Worldwide Inc., said its services will be available in more than 2,000 Kroger stores. Ria also announced that Fiesta Mart, a grocery chain based in Texas with 59 stores, will offer its money-transfer services.A survey from daVinci Payments found that 52% of women intend to spend …
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September 1, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
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July 28, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, News, Transaction Processing
Visa Inc. reported Tuesday that it managed to make nearly $2.4 billion in its June-ending quarter despite massive hits to its international volumes and credit card spending caused by the Covid-19 pandemic, and its chief executive also addressed the latest debit card controversy. Separately, online marketplace eBay Inc. reported its …
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July 28, 2020
ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Law and Regulation, Prepaid Cards, Transaction Processing
Consumer complaints about payment products and services have shot up since March, when the national emergency was declared to deal with the Covid-19 pandemic. Complaints about credit and prepaid card products are up 29% over the same period last year, and gripes about money-transfer, virtual-currency, and money services have soared …
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July 20, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Pricing, Transaction Processing
Free of the restraints of a legal agreement with PayPal Holdings Inc., eBay Inc. said early Monday it will now start on a global expansion of its 2-year-old managed-payments program. The program has already delivered $4.7 billion in total payment volume in the United States and Germany, the company said, …
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June 30, 2020
Acquiring, Competitive Strategies, Mergers & Acquisitions, Mobile Wallets, Prepaid Cards, Transaction Processing
The fallout from the Wirecard AG financial scandal has hit the U.S. market as the processor’s North American unit announced late Monday it is seeking a buyer. Wirecard North America Inc., based in Conshohocken, Pa., said it has engaged an unnamed investment bank to assist in the transaction. In the …
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June 30, 2020
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards
Website-creation platform Wix.com Ltd. launched its e-commerce service that offers Wix Payments, a payment-processing service.The Regal movie-theater chain, a unit of Cineworld Group, said it will reopen its 541 U.S. theaters July 31 and will implement contactless payments along with other measures to prevent the spread of Covid-19.Marqeta Inc. said it will support issuance …
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