Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …
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Grocer Giant Eagle Furthers PayPal’s Push to Capture In-store Volume At Checkout
With consumer use of mobile wallets growing, supermarket chain Giant Eagle, Inc. is adding PayPal and Venmo acceptance at checkout in its 474 Giant Eagle supermarkets and GetGo convenience stores. The move, announced Thursday, furthers PayPay Holdings Inc.’s efforts to capture in-store transactions through its mobile wallet. PayPal began its …
Read More »FTNI Supplies Digital Payment Tech to C-Store And Food Distributor
Grocers and convenience stores that use distributor Hardec’s to buy products to sell now have an online and digital payment option. Omaha, Neb.-based Financial Transmission Network Inc. said it is supplying Hardec’s with an online payment portal that enables its customers to pay invoices via automated clearing house transactions and …
Read More »Splitit Adds BNPL In-Store Option and other Digital Transactions News briefs from 7/7/21
As consumers return to physical stores, Splitit USA Inc., a buy now, pay later provider, announced it is making its service available in-store and including availability with Apple Pay and Google Pay.Fly Now Pay Later, a United Kingdom-based fintech, announced a deal with Cross River Bank in New Jersey that will …
Read More »As Consumers Revisit Stores, J.P. Morgan Teams Up With ACI to Expand in Europe And the U.K.
With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …
Read More »Post-Covid, Look for a Take-off in In-Store Volume, Led by Innovative Payment Technology
With global economies expected to re-open as more consumers receive Covid-19 vaccinations, in-store retail spending will hit $22.8 trillion worldwide in 2022. That’s after in-store sales fell 7% in 2020 as many consumers shifted purchases online. The projection comes from London-based Kaleido Intelligence Ltd. While the Covid-19 pandemic impacted in-store …
Read More »Peoples Trust Launches Deposit Insurance on Prepaid Cards In Canada
In a new twist on prepaid cards in Canada, Vancouver-based Peoples Trust Co. is extending eligibility for deposit insurance from the Canadian Deposit Insurance Corp. to general-purpose reloadable prepaid cards and payroll cards issued by the financial institution. The CDIC ruled in 2020 that prepaid cards can be eligible for …
Read More »By 2030, Cards May Linger, But Digital And Contactless Payments Will Dominate: Report
The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in store, and reduced friction within the payments ecosystem. That’s the assessment in the “Future-Proof Payments: From the EMV Chip to a Fully Digital Future” report …
Read More »COMMENTARY: Three Things C-Stores Must Do Now to Contend With Covid-19
The pandemic has forced the world—individuals and businesses alike—to reassess their approaches toward life and reevaluate daily processes. The same goes for convenience stores with a particular focus on solution-driven innovation and adaptation. They must evolve their businesses with modern technologies, such as contactless payment processing, pre-store visit staging, and …
Read More »InComm Brings Cashless Payments to Sports And Entertainment Venues Via Prepaid Cards
With the Covid-19 pandemic surging across most of the United States, sports and entertainment venue operators are looking for ways to convert cash transactions to cashless payments. In response, Atlanta-based InComm Payments on Wednesday announced the Jacksonville Jaguars organization of the National Football League is allowing consumers to exchange cash …
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