Removing price from the sales equation By John Newton Vice President, Strategic Partnerships at First American by Deluxe “Don’t raise your voice. Improve your argument.” This quote by Desmond Tutu proposes that raising your voice is a sign of weakness; an indication that you did not prepare properly, which leaves …
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Clover And Carat Help Propel Strong Results for Fiserv
Merchant acquiring is Fiserv Inc.’s largest and fastest-growing business, and in the second quarter it showed no signs of slowing down. Driven by technologies like Clover, a set of point-of-sale gear, and Carat, a fast-growing commerce platform, the acquiring unit posted $1.9 billion in revenue in the quarter ended June …
Read More »Albertsons Adds Online EBT Acceptance at More Than 2,200 Stores
A whopping 2,276 more grocery stores soon will accept electronic benefits transfer payments for online grocery shopping. In one move, Albertsons Cos., parent of Albertsons, Safeway, Jewel-Osco, Vons, and Pavilions stores, said the payment option is now available across its stores. Albertsons said more of its 22 brands will add …
Read More »The Price of Malware? Just $10
The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …
Read More »Discover’s Payment Volume Rises 10%, but Pulse Treads Water
Discover Financial Services saw its overall dollar volume increase 10% year-over-year in the second quarter despite a flat performance by Discover’s Pulse debit network. Riverwoods, Ill.-based Discover said late Wednesday that total payment volume in the quarter ended June 30 was $138.7 billion versus $125.6 billion in the year-earlier period. …
Read More »So-Called Friendly Fraud on P2P Payment Systems Has Caught the Attention of the CFPB
The issue of consumer losses to fraud on peer-to-peer payment apps is about to get hotter as the Consumer Financial Protection Bureau is reportedly preparing a probe of the matter. The bureau’s action will likely include new requirements for banks to reimburse consumers victimized in cases where they sent cash …
Read More »Its Stock Battered, NCR Is Reportedly Mulling a Leveraged Buyout
NCR Corp., a publicly traded banking and payments equipment manufacturer and software provider, could go private if rumors of a pending leveraged buyout prove true. The Wall Street Journal reported Tuesday that NCR was in exclusive talks with the private-equity firm Veritas Capital about a possible acquisition. The report noted …
Read More »MX Introduces Processor Tokens to Enhance Open Banking
In a move to streamline money movement and financial account openings for consumers, open-banking network MX Technologies Inc. on Tuesday unveiled what it calls MXapi Processor Tokens. MX enables fintechs to access consumer financial data, and helps its clients turn raw data into usable form. Token-based application programming interfaces (APIs) …
Read More »Zelle Volumes Climb Quickly for BofA, Surpassing Checks for the First Time
Five years after its launch, the Zelle person-to-person payments service continues to boost payment volumes for one of its founders, Bank of America Corp. BofA reported Monday that its second-quarter P2P Zelle transaction volume hit 239 million, up 26% from 189 million payments a year earlier. The value of the …
Read More »Synchrony Jumps Into The BNPL Game With an Assist From Fiserv’s Clover App Market
Synchrony Financial is the latest entrant in the highly popular, and increasingly crowded, buy now, pay later market. The Stamford, Conn.-based provider of consumer-financing products is partnering with Fiserv Inc. to allow merchants using Fiserv’s Clover platform to offer BNPL as a consumer-financing option. Called SetPay in 4, Synchrony’s BNPL …
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