June 22, 2021
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, Fraud & Security, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Repay Holdings Inc. announced its acquisition of Kontrol Payables, an accounts payable automation provider, for up to $11 million.Cryptocurrency-based payments processor GreenBox POS announced the launch of a pilot for its Coyni stablecoin token. Among other features, Coyni offers instant settlement as well as transaction deletions and reversals.Cryptocurrency processor Flexa Inc. said it will be …
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June 21, 2021
Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Point-of-sale
The global shortage of semiconductors that has impacted myriad industries that use the chips, from automakers and electronics manufacturers to defense contractors and even soap manufacturers, is poised to affect payment card manufacturers, the Smart Payment Association announced Monday. Bottlenecks in the chip card supply have become so acute that …
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June 21, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payments provider E-Complish announced it acquired an outstanding interest in Regal Technologies LLC, which provide automated clearing house and other payment services.Payments provider Shift4 Payments Inc. said it will process transactions for BetMGM, an online gaming and sports-betting platform.Payments provider ACI Worldwide Inc. said it is working with the Foundation for California Community Colleges to …
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June 17, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Credit union service organization PSCU released its June edition of the PSCU Payments Index that found purchases made with debit cards in the entertainment category increased 236% in April over April 2020 and by 208% for credit cards.Cardtronics plc said CVS Health is enabling the ATM operator’s Allpoint network of surcharge-free ATMs at …
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June 14, 2021
Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Marketing, Transaction Processing
Consumers are increasingly turning to online banking as their only method of banking, says a recent study from J.D. Power. In 2020, the number of consumers that only bank online grew 11%. Overall, 41% of consumers in the United States are digital-only banking customers. The online channel has also become a …
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June 10, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Buy now, pay later provider Uplift Inc. said its service has been integrated with Vegas.com, a travel site.In related news, buy now, pay later provider Splitit said its service is now available on the ChargeAfter platform, which offers merchants a variety of consumer financing methods.Mastercard Inc. said it has closed on its $850-million acquisition of Ekata …
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June 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Law and Regulation, Point-of-sale, Pricing, Transaction Processing
Soon, there might be just two states that prohibit credit card surcharging with the passage Tuesday of a bill in Colorado that would permit the pricing strategy. The bill, SB21-091, passed both the Colorado House and Senate and now moves to Governor Jared Polis’s desk. He has 30 days to …
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June 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Consumer spending has now been recovering for a full year from the impact of Covid-19, according to a report released on Wednesday by Visa Inc. The card network’s U.S. Spending Momentum Index, which it began releasing publicly last month, registered a reading of 123.3 for May. That number indicates 59% …
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June 8, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Marketing, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …
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June 7, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Featured, Marketing, Point-of-sale, Pricing, Transaction Processing
Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …
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