Friday , March 29, 2024

Credit Cards

Weave Payments Debuts and other Digital Transactions News briefs from 12/3/19

Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

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In-Store Holiday Shopping Increases, But Not As Fast as Online Shopping

Online shopping on Black Friday, the day after Thanksgiving, increased 19.6% year-over-year, while in-store shopping that day increased 4.2%, according to Adobe Digital Insights and Fiserv Inc., respectively. Consumers did not disappoint in early holiday shopping results. Adobe Digital Insights, a unit of San Jose, Calif.-based Adobe Inc., said consumers …

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Pandora’s 8-Hour POS Issue and other Digital Transactions News briefs from 12/2/19

Jewelry retailer Pandora said it is standing by its 2019 sales guidance despite an eight-hour point-of-sale issue at U.S. and Canadian stores on Black Friday.American Express Co. said its Small Business Saturday promotion, which occurred Nov. 30, achieved a record with an estimated $19.6 billion in spending.With fewer people carrying cash, the Salvation …

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Smart Phones in Hand, Consumers Prep for a Busy Holiday Shopping Season

Expect more consumers to wield their smart phones for their holiday shopping this year. Fully 70% of consumers in the Deloitte 2019 Holiday Retail Survey plan to make a holiday purchase using a smart phone. That’s up from 67% in 2018 and from 59% in 2017. A separate Visa Inc. …

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Stolen Card Data Shows up in Joker’s Stash and other Digital Transactions News briefs from 11/27/19

Customer data from 4 million payment cards stolen in breaches at four restaurant chains has gone up for sale in the Joker’s Stash underground bazaar, KrebsOnSecurity reported. The breaches occurred at nearly half the 1,750 total locations of Krystal, Moe’s Southwest Grill, McAlister’s Deli and Schlotzsky’s, the latter three of which are owned by …

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Retail ATMs, Prepaid Cards Partially Fill Growing Void as Banks Close Rural Branches

Banks have closed thousands of branches in recent years, hitting rural America especially hard and leaving retail ATMs, prepaid cards, and services from non-bank providers to fill the void, according to a new Federal Reserve report. The “Perspectives from Main Street: Bank Branch Access in Rural Communities” report released Monday …

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Discover Says Its Cardholders Can Use Their Rewards to Pay When Checking out With PayPal

The major payment card networks have long since come to terms with PayPal Holdings Inc., and now they’re finding ways to put that newfound friendship to use in burnishing their brands with cardholders. The latest example surfaced Monday with an announcement from Discover Financial Services that Discover cardholders can use …

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FIS Adds P2P Tool and other Digital Transactions News briefs from 11/25/19

Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …

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Rising Competition Is Pressuring ISVs, But Also Threatens Existing ISO Relationships

In recent years, independent sales organizations and payment processors have generated plenty of lucrative business by working with software developers and marketers—businesses usually known as independent software vendors, or ISVs. But now a report indicates the software market is getting increasingly crowded, a development ISVs fear is pressuring prices. It’s …

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Newtek Makes Developer Bet and other Digital Transactions News briefs from 11/21/19

Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, acquired a 51% stake in POS on Cloud, developer of payments and business-management systems for restaurants, retailers, assisted-living providers, and parks and golf courses.Fidelity National Information Services Inc. (FIS) said Eyefinity, a software developer for …

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Digital Transactions