A program launched last year by the U.S. Department of Agriculture to let holders of electronic benefit transfer cards spend their benefits online has quickly expanded to 42 states and the District of Columbia, up from just seven states as recently as March, according to Fiserv Inc., which is working …
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Eye on Contactless: Touchless Comes to Wynn Resorts And Klarna Adds a Google Pay Option
More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …
Read More »COMMENTARY: Have We Reached a Tipping Point for Digital And Mobile Wallets?
North American shoppers are notorious for their devotion to plastic. Credit cards remain the leading consumer payment method across the Continent today. However, mobile-payment methods are slowly revolutionizing the way they pay. In a recent consumer-behavior survey by Worldpay from FIS, 56% of respondents admitted they believed smart phones will …
Read More »E-Commerce And Other Payment Trends Were Catching Fire Even Before Covid, a Debit Study Shows
Key payment trends now being driven by the Covid-19 pandemic were already gaining a full head of steam much earlier, according to debit card transaction data released early Monday by the Houston-based Pulse electronic funds transfer network. Stay-at-home policies and business closings starting in March drove consumers to spend online and …
Read More »Consumers Would Switch Merchants for a Contactless Payment Option, Says a Visa Survey
Contactless payments apparently have sway with U.S. consumers. Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. The effects of the pandemic, and the resulting …
Read More »PayPal Plots a POS Course With QR Codes As It Comes Off the ‘Strongest’ Quarter in Its History
PayPal Holdings Inc. has made big plays for the physical point of sale before, but on Wednesday the San Jose, Calif.-based company unveiled what could be its biggest strategy yet to capture transactions at the cash register. Top executives said an arrangement under way with CVS Pharmacy to run PayPal …
Read More »Durbin Asks Fed Chairman for ‘Appropriate Enforcement Action’ Involving Debit Card Transaction Routing
U.S. Sen. Richard Durbin and a Vermont Congressman want the Federal Reserve to look into what they say are efforts by debit card issuers “aided by the dominant card networks” to prevent PIN-debit networks from getting a bigger share of booming card-not-present payment volume. “The Federal Reserve should consider appropriate …
Read More »Garmin Says Outage Doesn’t Affect Payment Data
The ability of hackers to disrupt connected devices was on display over the weekend with Garmin Ltd., a major purveyor of fitness trackers, smart watches and related tech gear, including products that can make contactless payments, reporting service interruptions that some observers say have been caused by a ransomware attack. …
Read More »A Surge in Online Shopping Leads Citcon to Develop No-Code Plugins for E-Commerce Payments
Payments provider Citcon USA LLC said early Thursday it is unveiling plugins that will allow e-commerce platforms like Commerce Cloud, Magento, Salesforce, Shopify, WooCommerce, and others to offer merchants the ability to accept Alipay, WeChat Pay, and China UnionPay, as well as credit cards, without coding. The development represents a …
Read More »The Card Networks and Open Banking; Crypto Platform Joins Mastercard Network and other Digital Transactions News briefs from 7/20/20
Cryptocurrency platform Wirex has become the first such entity to obtain a principal membership in the Mastercard network. The move comes as Mastercard Inc. announced an expansion of its cryptocurrency program, which aims to make it easier for crypto card companies to market their products. Wirex also announced recently it has hired long-time …
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