Thursday , November 14, 2024

Search Results for: pay by bank

Shape of Things to Come

What will the payments business look like when, God willing, the coronavirus vaccine becomes available and the plague lifts? That’s one of the questions we’ve been batting around here at Digital Transactions, so in this issue we decided to take a shot at answering it. The results can be found …

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App Store And Other Services Buoy Apple As Overall Product Revenue Slips

The three months ended March 31 were an eventful time for Apple Inc., as they were for most companies, but unlike many the company managed to largely contain the damage wrought by the Covid-19 pandemic. “We’ve seen our products take on renewed interest” in the wake of Covid-19 and the …

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As Online Usage Surges, Watch Out for an Even Bigger Jump in Fraud, Experts Warn

Payments fraud was already rising, and now experts predict increased online usage brought on by stay-at-home orders will only exacerbate the trend. While losses haven’t shown up yet, e-commerce activity taking place now is sowing the seeds of a dramatic jump in coming months. “Fraud is always a trailing activity,” …

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Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition

It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …

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AmEx Launches ‘Stand for Small’ Group and other Digital Transactions News briefs from 4/22/20

American Express Co. launched “Stand for Small,” a platform of more than 40 companies who have agreed to lend expertise to small businesses impacted by the effects of the Covid-19 pandemic.The World Bank predicted in a new report that global remittances will fall by about 20% this year because of the economic crisis …

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Google’s Financial-Services Plans May Include a Card Redux

It’s well known that Alphabet Inc.’s Google unit wants to offer consumers checking accounts, though that service has yet to launch. But the search-engine giant also reportedly is developing a debit card that would work in concert with its Google Pay mobile-payments service, according to news reports from Silicon Valley. …

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Stripe, Prepaid Card Providers Try to Capitalize on Pandemic-Spawned Opportunities

They say that in every crisis there’s an opportunity. E-commerce merchant processor Stripe Inc. and several providers of prepaid accounts think they’ve found some in the Covid-19 pandemic sweeping the globe. San Francisco-based Stripe announced Thursday it had raised another $600 million in an extension of its Series G funding …

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BofA Reports Booming Zelle Numbers as America Copes With Stay-at-Home Policies

If the first quarter of the year is any indication, person-to-person payments might be getting a big lift as stay-at-home consumers look for safe ways to pay in the face of the Covid-19 outbreak. Bank of America Corp. reported Wednesday transactions on its Zelle platform shot up 76% compared to …

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Pandemic Hits U.S. Bancorp’s Merchant Revenues and Raises T&E-Related Expenses

U.S. Bancorp’s big payments operation that includes merchant acquirer Elavon Inc. is usually a reliable revenue generator, but the bank-holding company’s exposure to the big downturn in travel-and-entertainment and business spending because of the Covid-19 pandemic became evident in the first quarter. Merchant payment volume declined 4.8% to $104.7 billion …

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March Retail Sales Fall 8.7% and other Digital Transactions News briefs from 4/15/20

U.S. retail sales for March decreased 8.7% from February, according to figures released by the Census Bureau. One bright spot was a 28% increase in sales at food and beverage stores from March 2019. Clothing and clothing accessories store sales were down 50.7%.Fidelity National Information Services Inc. (FIS) said it is supporting …

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