Grocery commerce provider Mercatus launched its SNAP EBT Online service that enables recipients of Supplemental Nutrition Assistance Program benefits to order and pay for groceries online.Alliance Data Systems Corp. said its Bread unit is licensing its payments technology to Royal Bank of Canada to support the bank’s PayPlan point-of-sale installment-lending service. Alliance Data …
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3dcart Rebranded as Shift4Shop and other Digital Transactions News briefs from 1/27/21
Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.Visa Inc. has …
Read More »AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending
In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …
Read More »Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21
Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …
Read More »It’s Official: NCR Succeeds In Its Bid to Acquire Cardtronics in a $2.5-Billion Deal
NCR Corp. entered into a definitive agreement Monday to acquire ATM network operator Cardtronics plc for $39 a share in an all-cash transaction valued at $2.5 billion, including debt. The deal, which NCR plans to finance with cash on hand and financing from Bank of America N.A., is projected to …
Read More »Despite Covid, Holiday Retail Sales Beat Expectations Handily, the NRF Says
The numbers are in, and it turns out the holiday shopping season was not only better than expected, but also better than the one in 2019, weeks before the coronavirus pandemic struck in the United States. Retail sales in November and December totaled $789.4 billion, up a healthy 8.3% over …
Read More »Bitcoin at 4X Value at Year’s End and other Digital Transactions News briefs from 12/31/20
Bitcoin, the world’s largest and most well-known digital currency, is ending the year above $28,000, a quadrupling of its value since the start of 2020. Its market capitalization as of Dec. 30 is $536 billion, up from $133 billion at Jan. 2.RevoluGroup Canada Inc. has launched the RevoluEX Cryptocurrency Exchange that …
Read More »Debit Use Gains As Consumers Tread Through Uncertainty
A new report finds that debit card use is gaining favor among consumers compared to credit cards immediately following the national election in November. That’s according to The Future of Money Report 2020 from Logica Research. “This unprecedented year has uncovered contrasts between challenges and opportunities in the world as …
Read More »Openpay Joins U.S. BNPL Market and other Digital Transactions News briefs from 12/16/20
Openpay Group Ltd., an Australian buy now, pay later processor, began operations in the U.S market. Simultaneously, the company announced former Deloitte executive Brian Shniderman has been appointed chief executive of the U.S. operation.Fidel Ltd., a provider of financial application programming interfaces, said its API is enabling cash-back offers for …
Read More »Verizon Taps Fiserv’s Clover to Enable Contactless Payments For Its Business Customers
With merchant demand for contactless payments rising fast in the face of the Covid-19 pandemic, Verizon Communications Inc. announced Thursday its Verizon Business unit will begin offering Fiserv Inc.’s Clover Flex mobile point-of-sale device to its business customers. The deal gives Verizon clients access to Fiserv’s merchant services for online, mobile, …
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