Monday , October 28, 2024

Search Results for: merchants

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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Consumer Awareness of Mobile Payments Increases, Finds an Accenture Survey

By Kevin Woodward@DTPaymentNews U.S. consumers are becoming more aware of mobile payments, which could potentially increase use of the burgeoning digital-payment method. Indeed 56% of them are “extremely aware” of the technology, finds the 2016 North America Consumer Digital Payments Survey from Accenture. In 2015, the figure was 52%. Only …

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Like His Predecessor, Incoming Visa CEO Kelly Looks To Improve Merchant Relations

By Jim Daly@DTPaymentNews Charles Scharf accomplished a lot in less than four years as Visa Inc.’s chief executive—he oversaw Visa’s acquisition of Visa Europe, a groundbreaking peace accord with PayPal Holdings Inc., and a cobranding and acceptance deal with Costco Wholesale Corp., among other things—but one of his unfinished tasks …

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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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Wayne Lines Up Kroger Fuel Pump EMV Transition And Earns First Data EMV OK

By Kevin Woodward@DTPaymentNews With the deadline for EMV compliance for fuel resellers a year away, fuel-pump maker Wayne Fueling Systems LLC is readying its products for the transition from magnetic-stripe payment cards. Wayne says its NAMOS point-of-sale system is now available for EMV transactions on First Data Corp.’s network, and …

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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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How Bots And Natural-Language Searches Could Drive Mobile Shopping And Payments

By John Stewart @DTPaymentNews Ever since the advent of mobile shopping, experts have cautioned that spending in the new channel would be hampered by small screens and clunky interfaces. Now, though, relatively new technology like natural-language interfaces and so-called bots may be coming to the rescue. A new study released …

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Intrix Buys Maas Global Solutions and other Digital Transactions News briefs

• Merchant processor Payroc LLC announced it has acquired payment gateway The iTransact Group. Terms were not disclosed. Besides the gateway, the deal brings 6,000 merchants with $1.3 billion in annual volume to Payroc, along with mobile point-of-sale technology and a payment-facilitator platform. • Payments provider Intrix Technology Inc. purchased the business …

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Two Weeks From D-Day, Same-Day ACH Clearing Looks Routine So Far

By John Stewart @DTPaymentNews For all the widespread anticipation of same-day settlement on the automated clearing house network, the first two weeks of faster processing has been a relatively quiet affair, bank executives and other experts tell Digital Transactions News. But that doesn’t mean a number of pressing questions aren’t …

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Digital Transactions