Choice Hotels International Inc. launched Choice Direct Pay, which allows businesses to make reservations for employees and guests at multiple properties with billing through a centralized invoice. The service works with more than 5,000 U.S. properties.Grocery Outlet Holding Corp. announced customers can order groceries for delivery from nearly 400 stores via online-delivery …
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Jack Henry Snaps up Payrailz And Other Digital Transactions News briefs from 8/10/22
Financial-technology provider Jack Henry & Associates Inc. said it will acquire Payrailz, a provider of digital-payments technology, including real-time peer-to-peer payments capability. Terms of the transaction, which is expected to close by the end of the month, were not disclosed.Payments platform BlueSnap has agreed to support KeyBank’s U.S payments gateway for e-commerce transactions by middle-market …
Read More »North American Banking Adds Real-Time Payments And Other Digital Transactions News briefs from 8/3/22
North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …
Read More »First American Payments Settles an FTC Complaint Regarding Deceptive Practices
First American Payment Systems has agreed to a proposed federal court order requiring the processor to repay $4.9 million to small businesses affected by what the Federal Trade Commission called deceptive practices, according to the FTC. The settlement, announced Friday, was made in the wake of charges by the FTC …
Read More »Mastercard Makes a Quantum Leap And Other Digital Transactions News briefs from 7/18/22
Mastercard Inc. and D-Wave Systems Inc., a quantum computing systems firm, announced a multiyear alliance to advance the adoption of quantum computing technology in areas such as consumer loyalty and rewards, cross-border settlement, and fraud management applications.Payments provider Adyen NV said it has processed 10 million donations by buyers on the commerce platform …
Read More »Mastercard Welcomes Open Banking Firms And Other Digital Transactions News briefs from 7/14/22
Mastercard Inc. said it is expanding its Engage partner network to include open-banking firms. The first companies to join include Dwolla, FinTech Automation, i2c, Link Financial Technology, LoanPro, Nova Credit, Provenir, Synctera, Tern, and Usio Inc.Buy now, pay later processor Afterpay will offer installment payments for customers of beauty retailer Sephora. Afterpay, a …
Read More »Lit on Fire by Covid, E-Commerce Will Hit $20 Trillion Globally by 2026, RBR Says
It is generally accepted that the pandemic energized online commerce, but now research is starting to emerge showing just how extensive that effect has been. “Global Payment Cards Data and Forecasts to 2026,” a report released Wednesday by the London-based research firm RBR, indicates e-commerce card spending came to $7.7 …
Read More »BNPL’s Bumpy Road
The buy now, pay later trend is one of the hottest in payments. But rising rates, higher inflation, and stiffer rivalry could cool things off. Few trends in payments have been as explosive as instant credit online or at the point of sale, with no interest if the installments are …
Read More »A Look Beyond the Numbers
After two years of stupendous growth, e-commerce is slowing. But is that the whole story? The numbers don’t lie, but they don’t tell the whole story, either, about what’s changing for U.S. e-commerce sales. Consider this. E-commerce sales as a fraction of total retail sales came to 10.2% in the …
Read More »VividPayment Enters a Crowded Restaurant POS Fray
Competition in the hotly contested restaurant point-of-sale market continues to heat up as vendors transform themselves from payment-device providers to technology hubs. Sausalito, Calif.-based VividPayments LLC became the latest entrant looking to carve out a slice of the market Monday with the launch of Vivid POS, an iOS- and Android-based …
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