Marqeta Inc. early Thursday said it has become the first card-issuing platform to adopt technology announced earlier this year by Visa Inc. that lets cardholders toggle among a variety of payment methods for a single card rather than be restricted to the payment type indicated by the card itself. Oakland, …
Read More »Search Results for: digital payments
Fiserv Racks up Growth Via Strength in Merchant Services
Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
Read More »Tap-to-Pay And Value-Added Services Help Fuel Visa As It Pursues a New Interchange Settlement
Growth in contactless and peer-to-peer payments, e-commerce, and value-added services were among the highlights discussed with stock analysts late Tuesday during Visa Inc.’s third-quarter earnings call for the card company’s fiscal year 2024. Visa’s Tap-to-Pay contactless payments technology has penetrated multiple markets, accounting for 80% of all face-to-face Visa transactions …
Read More »FedNow Financial Institutions Now Total More Than 900
Of the now 900 financial institutions on the FedNow real-time payments network, 78% of them are community banks and credit unions, the Federal Reserve says. The 900 figure, found in updated data released on the FedNow Web site, comes as the instant payment service marks its first year of service. …
Read More »Global Insights for Your Business
What can a global payments report tell you about the needs of businesses and their customers in 2024? Quite a lot, actually. While used by multinational corporations to predict payment trends in major markets the world over, the Worldpay Global Payments Report, now in its nineth year, can also shed …
Read More »Why Dynamic Routing Has Become Essential for Online Retailing
Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …
Read More »Eye On BNPL: Sezzle Speaks Spanish; Affirm Partners With Newegg
Buy now, pay later provider Sezzle Inc. has added Spanish-language capability to its app. The addition is expected to broaden Sezzle’s appeal among Spanish-speaking consumers in the United States. There are more than 40 million Spanish-speaking consumers in the United States, according to Sezzle, while Spanish-speaking customers represent about 22% …
Read More »Blue Payment Agency’s Shopify Workaround Using Authorize.net
Merchants selling weapons like knives and collectible swords often have difficulty peddling them online, but Blue Payment Agency Inc. has launched a service to help do that while getting access to Shopify Inc.’s e-commerce platform. Announced Tuesday, the service from Windham, Maine-based Blue Payment Agency enables knife-selling Shopify merchants to …
Read More »A Card Issuer Trade Group Turns Up the Heat in Its Anti-CCCA Campaign
The Electronic Payments Coalition’s attack this week against the Credit Card Competition Act calls out retailers Target Corp. and Walmart as greedy mega-corporate stores that stand to profit at the expense of consumers should the legislation pass. The aggressive tone of the EPC’s “high six-figure” campaign, unleashed this week, signals …
Read More »Eye on POS: MagTek Secures ExpiTrans As a Reseller; Visa Readies for 2024 Olympics
Point-of-sale technology company MagTek Inc. has lined up payments provider ExpiTrans as a reseller of its QwickPAY POS software. Meanwhile, Visa Inc. says its technology is ready for the start of the summer Olympics in Paris in two weeks. Seal Beach, Calif.-based MagTek says ExpiTrans will market its software to …
Read More »