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Merchant-processing revenue up at U.S. Bancorp and other Digital Transactions News briefs

• Merchant acquirer Worldpay brought its Worldpay Total integrated payments platform to the U.S.; Worldpay introduced the platform in the United Kingdom in November 2014 and extended it to European e-commerce merchants earlier this year. • U.S. Bancorp, owner of merchant acquirer Elavon, posted $412 million in merchant-processing revenues in …

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When It Comes to Mobile, Users Like Smart Phones, Browsers—And Now, Virtual Reality

By John Stewart @DTPaymentNews While many observers have lamented the apparently slow growth in consumers’ adoption of mobile payments, that doesn’t mean more consumers aren’t using mobile devices each year to buy things. It also doesn’t mean users aren’t getting more comfortable buying bigger-ticket items via mobile channels. Surveys by …

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American Express Puts Its Focus on Platinum Cards, Digital Marketing, and Small Merchants

By Jim Daly@DTPaymentNews The loss of its cobranded card and exclusive credit card acceptance relationship with Costco Wholesale Corp. hit American Express Co. hard in the third quarter, but AmEx’s chief financial officer on Wednesday said brighter days lie ahead as the company builds new business. The quarter ended Sept. …

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The Post-Costco AmEx Launches a New Rewards Program and Developer Portal

By Jim Daly@DTPaymentNews With American Express Co. set to report its third-quarter financials Wednesday, the payments industry and Wall Street will be watching for signs from the beleaguered travel-and-entertainment giant about how it will recover from the loss of its cobranded card and acceptance relationship with Costco Wholesale Corp. AmEx …

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First Data’s Clover Bluetooth Reader and other Digital Transactions News briefs

• Bank of America Corp. said its debit card purchase volumes totaled $71 billion in the third quarter, up 2.5% from $69.3 billion a year earlier. U.S. credit card purchase volume increased 2% to $57.6 billion. BofA said it now has 21.3 million mobile-banking users, a 15.8% increase from 18.4 …

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Costco’s Cobranded Portfolio Gives a Big Lift to Citi’s Credit Card Transaction Volume

By Jim Daly@DTPaymentNews Its first full quarter of ownership of the big Costco Wholesale Corp. cobranded credit card portfolio helped to boost Citigroup Inc.’s North American purchase volume by 57%, the giant New York City-based bank reported Friday.

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Noble House Again Reports Data Breach and other Digital Transactions News briefs

• The rash of hotel breaches continues. Noble House Hotels & Resorts said it confirmed that a payment card system used at its Teton Mountain Lodge & Spa and Hotel Terra may have been breached between Sept. 5 and Sept. 6. The company said there are no indications the breach …

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Samsung Pulls All Note 7 Devices and other Digital Transactions News briefs

• Payments provider TransFirst, a unit of Total System Services Inc. (TSYS), and Raintree Systems, which provides specialized practice-management software, formed a partnership that sees TransFirst as the integrated payments provider in Raintree’s software. • Following its decision earlier this week to halt production, sale, and exchange of its troubled …

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American 1 Says Its Ban on Wendy’s Card Transactions Will Continue ‘Until Further Notice’

By John Stewart @DTPaymentNews Ripple effects from the Wendy’s Co. data breach continue to swirl around the Columbus, Ohio-based hamburger chain, some perhaps in unexpected ways. A Michigan credit union that last week began declining credit and debit card transactions by its members at all Wendy’s locations refuses to say …

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Digital Transactions