Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year. Opponents of the bill are continuing an ad campaign to …
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Yardi’s Rent-Payment Integrations and other Digital Transactions News briefs from 6/17/24
Yardi Systems Inc. a provider of property-management software, announced integrations with two rent-payment platforms, Best Egg and Flex, in a move that the company says will enable tenants with a direct payment option through Yardi’s service. Online bill pay provider doxo Inc. launched the Cost of Bills Index, which is based on doxo’s …
Read More »The Big Credit Card Settlement Now Appears to Be Headed for a Trial. Who Will Win?
With the judge in the massive credit card interchange litigation apparently insisting on a trial, a new and unsettling element of uncertainty now hangs over the nearly 20-year-old case, in which merchants allege anti-competitive behavior by the big credit card networks in setting interchange fees. The latest development comes nearly …
Read More »Shift4 Closes Revel Deal and other Digital Transactions News briefs from 6/14/24
Shift4 Payments Inc. announced it has acquired a majority interest in Germany-based point-of-sale provider Vectron Systems AG in a transaction previously reported by Digital Transactions News. Vectron serves roughly 65,000 merchant locations throughout Europe. Shift4 also said it has closed on its previously announced deal for Revel Systems, a point-of-sale technology company serving more than …
Read More »Looking to Snag Millennials and Gen Zers, eBay Adds Venmo
EBay Inc. is recruiting Venmo as a payment option, the big e-commerce marketplace announced early Thursday. The move, which comes about a week after eBay announced it will no longer accept American Express cards effective Aug. 17, is part of a strategy to add alternative payment options that appeal to …
Read More »Men Are Now the Primary Buyers of Gift Cards, Blackhawk Network Finds
Men have supplanted women as the primary buyers of gift cards, says a report from Blackhawk Network. The shift is attributable to men taking on more household responsibilities, such as shopping and gifting, the report says. Blackhawk has been conducting the survey for nearly a decade. Types of gift cards …
Read More »Payment Choice Is A Key Driver In The Customer Experience, Fiserv Finds
Providing consumers more ways to pay and engage with merchants play key roles in driving consumer purchasing decisions, according to Fiserv Inc.’s Spring 2024 Carat Insights Report. One way for merchants to engage on a deeper level with consumers is to offer apps featuring loyalty and rewards programs and that …
Read More »NMI’s Shopify Integration and other Digital Transactions News briefs from 6/11/24
Payments provider NMI announced what it calls an “enhanced” integration with Shopify, the Canada-based e-commerce platform. The integration is meant to assure independent sales organizations and software providers that integrations comply with updated Shopify requirements. Chase Payment Solutions has brought its Tap to Pay on iPhone capability to Canada, with beauty retailer Sephora …
Read More »Entrust Launches Digital Identity Verification for Government Benefits And Services
Entrust Corp., a provider of identity technology, on Monday launched its Citizen Identity Orchestration platform, which is aimed at governments’ delivery of public services. The new platform, intended for such functions as benefits delivery, tax filing, health-care access, and border crossings, uses artificial intelligence for identity verification, issuance of digital …
Read More »Maverick’s Visa Integration and other Digital Transactions News briefs from 6/10/24
Maverick Payments said it is working with Visa Inc. to offer direct acquiring capability on the Visa Acceptance Platform. The new connection, expected to go live in the third quarter, will let Maverick resellers and merchants gain access to a direct link to VisaNet. Google Inc. has discontinued GPay, or Google Pay, …
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