In its first “State of Spend” report, loyalty platform provider Cardlytics Inc., which develops offers for customers of some of the nation’s largest banks based on transaction data, says spending on streaming services rose 24% year-over-year in the March 12-April 29 period.Digital-payments and banking-services provider i2c Inc. said it is supporting Crypto.com as …
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ATM Counts Slip in the U.S., Canada, and China, New Study Shows
Led by the removal of 30,000 ATMs in China, the number of ATMs worldwide fell by 15,000 units, or 0.5%, in 2019 to 3.23 million machines from 3.25 million in 2018, according to new findings from London-based research firm RBR. The United States and Canada also saw declines in their …
Read More »Lending USA Launches Instant ID-Verification Tool and other Digital Transactions News briefs from 5/22/20
Point-of-sale lender LendingUSA LLC launched an instant ID-verification capability, which involves applicants using a smart phone to take and transmit photos of government-issued ID cards and selfie photos. The company says its merchant base exceeds 8,000 nationally.A startup called Skyflow said it has raised $7.5 million in a seed funding round aimed at developing …
Read More »More Online Ordering and other Digital Transactions News briefs from 5/20/20
Forty-five percent of U.S. consumers are ordering online more often than usual as a result of restrictions stemming from Covid-19, and 34% are making more purchases with contactless or mobile-payment options, according to an online survey of 807 U.S. adults by Auriemma Group, a financial-services consulting firm. The firm also surveyed consumers …
Read More »A Rogue First Data ISO Will Cost Fiserv $40 Million in a Proposed Settlement With the FTC
Fiserv Inc. and the former head of an independent sales organization will pay $40.2 million to settle charges brought by the Federal Trade Commission stemming from alleged illegal actions committed by the ISO from 2012 to 2014 while it obtained processing services from First Data Merchant Services, whose parent company …
Read More »Square’s Cash App Brings Dollar-Cost Averaging to The Crypto World
With its merchant business under pressure because of the coronavirus pandemic, Square Inc. is yet again spying new opportunities for its consumer-facing Cash App, whose core feature is person-to-person payments. This time, Square is rolling out regularly scheduled purchases of Bitcoin and stocks for Cash App users. Square chief executive …
Read More »Discover Postpones Fuel-Pump EMV Shift and other Digital Transactions News briefs from 5/14/20
In line with previous decisions from Visa Inc. and American Express Co., Discover Network said it is postponing its deadline for EMV capability at gas pumps to April 16, 2021. The original deadline was Oct. 16.Micro Merchant Systems, a provider of pharmacy technology, launched a service that allows patients to make contactless copays by …
Read More »40% of Consumers Pledge To Shop Online More and other Digital Transactions News briefs from 5/13/20
Amid stay-at-home and social-distancing orders, 40% of consumers say they will shop online more in the future than in-store, while 45% are using a mobile wallet and 16% are using paper currency less, according to a survey of 1,030 consumers by Fidelity National Information Services Inc. (FIS). Some 31% will use …
Read More »Retail E-Commerce Sales Leap 209% and other Digital Transactions News briefs from 5/12/20
The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.Cardlytics Inc., which plans marketing programs based on intelligence gathered …
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