Friday , March 29, 2024

Credit Cards

Synchrony Looks to Venmo’s Social Network To Help Market the P2P Service’s New Credit Card

PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. …

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COMMENTARY: Three Huge Misconceptions Business Owners Have About Payment Solutions

Owners of small- and medium-size businesses (SMBs) generally have a negative outlook on the payments industry, and for good reason. The merchant-services world, in particular, has an ugly track record, including lackluster customer support, not to mention misleading sales practices that lead to costly processing rates, hidden fees, and burdensome …

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Four Merging ISOs Adopt Payroc Name and other Digital Transactions News briefs from 10/28/19

Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …

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Nxgen, Payscape, And BluePay Canada Combine to Form a Processor Serving 25,000-Plus Merchants

This year’s mega-mergers in the transaction-processing business are now starting to generate some smaller spin-off deals. On Friday, two payments providers, Nxgen International and Payscape, said they have acquired a third, BluePay Canada. Terms of the deal were not announced, and an overarching name for the tripartite company has not …

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Krystal Probing Possible Data Breach and other Digital Transactions News briefs from 10/25/19

Quick-service restaurant chain The Krystal Co., which has 342 locations in 10 Southeastern states, said it is in the early stages of “actively investigating a security incident” that may have compromised credit and debit card numbers used in payments at some of its stores from July through September.A. Wayne Johnson, …

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Visa CEO Predicts a ‘Relatively Easy’ Conversion to the New Secure Remote Commerce System

The four global U.S.-based payment card networks unveiled their joint e-commerce buy button this week, which means merchants, merchant acquirers, and processors can look forward to—or dread—implementing it. Visa Inc. chairman and chief executive Alfred F. Kelly Jr. predicted Thursday they shouldn’t have too many problems. The button is based …

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Kabbage Payments Debuts and other Digital Transactions News briefs from 10/24/19

Kabbage Inc. launched Kabbage Payments, a payments service for small businesses. Kabbage provides merchant lending and uses a payment-facilitator model for the Kabbage Payments subsidiary.American Express Co. revamped its 50-year-old Green Card with a new suite of benefits and rewards. Now called Green from Amex, the card’s fee is $150, up from …

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Discover’s Payment Volume Increases 7% and other Digital Transactions News briefs from 10/23/19

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …

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Online Merchants Are Starting to Deploy the Big Networks’ Common Buy Button

The long-awaited common buy button became a reality Tuesday with an announcement from the four major payment card networks that they have enabled the technology for three e-commerce merchants. Half a dozen more are expected to come online for the technology, called Secure Remote Commerce, by the end of the …

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Clover Scores at Fiserv Forum and other Digital Transactions News briefs from 10/22/19

Fiserv Inc. said its Clover point-of-sale system is in use throughout Fiserv Forum, a Milwaukee arena that is home to the Milwaukee Bucks NBA team. Fiserv said more than 25 large stadiums and arenas use Clover. In 2018, Clover processed more than $70 billion in payment volume.Evolve Bank & Trust said it …

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Digital Transactions