Friday , November 15, 2024

Search Results for: store cards

COMMENTARY: Covid-19 Changed Demand for Cashless Payments. Are Small Businesses Ready?

The month of June gave Google Pay an extended moment. Early in the month, the tech press started circulating rumors that Google planned to add merchant buttons inside the app. This feature would allow both digital and brick-and-mortar businesses to accept customer payments within Google Pay.  But users in India …

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BigCommerce Eyes IPO and other Digital Transactions News briefs from 7/17/20

E-commerce services provider BigCommerce Holdings Inc. filed a registration statement this week ahead of a possible IPO.In its latest report on small businesses using its SwipeSimple payment service during the Covid-19 pandemic, CardFlight Inc. said overall transaction counts decreased 9.2% in the week ending July 12 from the week before, but were still 14% …

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Eye on the Point of Sale: Behind the Coin Shortage; The Decline in ATM Cash Withdrawals Slows

Consumers have been spending considerably less in most stores over the past four months, but that hasn’t prevented a shortage of coins from developing. But in one sign of a nascent revival of cash usage, the number ATM cash withdrawals by credit union members has finally broken a 15-week streak …

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‘Tens of Thousands of Dollars’ in Fraud for Operators That Don’t Upgrade Gas Pumps to EMV, a Report Estimates

When the big card networks this spring postponed until April 2021 the fraud-liability deadline for EMV chip cards at gas pumps, the retail fuel industry heaved a huge sigh of relief. But now estimates are emerging that indicate even relatively small gas-station operators that don’t enable their pumps for EMV …

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Wirecard’s U.S. Unit Draws Interest and other Digital Transactions News briefs from 7/9/20

The U.S. subsidiary of failed German payment processor Wirecard AG is drawing strong interest from potential buyers, according to media reports. The Wall Street Journal also reported that the U.S. Justice Department is investigating whether Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace.Splitit Payments Ltd., which enables …

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A Report Shows Why Cardless ATMs Are Growing More Popular in the U.S.

The number of ATMs providing the option of cardless withdrawals rose 26% in 2019, says a new report from research firm RBR. Leading the charge in the adoption of cardless ATMs is the United States, where the number of these machines has more than tripled, according to the research.  Bank …

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Merchants Are Rebooting, So ISOs Look to Apps And Loyalty to Bring Customers Back

As businesses start to reopen, independent sales organizations and other payment providers are rolling out programs suited to the new reality faced by both proprietors and their customers. The latest example comes from VizyPay, which on Tuesday announced a service it says will help merchants attract old customers and pull …

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How the Pandemic Changed Payments (Permanently)

A deadly disease has proven a boon for some key trends while threatening cash and opening new avenues for fraud. An industry whose closest familiarity with viruses has come from the kind that infects computers has for most of this year had to contend with a pathogen that has sickened …

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‘We’re All Omnichannel Now’

The pandemic accelerated developing trends at the point of sale. POS vendors that have mastered hardware, software, and processing could be best positioned to benefit. When the novel coronavirus struck in March, it drove consumers into their homes, leading to a surge in e-commerce spending. Brick-and-mortar merchants soon learned the …

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A Resilient Industry

We here at Digital Transactions have for the past few months been considering the impact the novel coronavirus is having on the payments business, along with the adjustments the business is making to contend with business lockdowns, stay-at-home orders, and social-distancing recommendations. Now the country is re-opening in many states …

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