Friday , March 29, 2024

Credit Cards

Eye on BNPL: Splitit Speeds Checkout; Klarna Introduces Personal Shopping Feed

White-label buy now, pay later provider Splitit Payments Ltd., introduced on Tuesday SplititExpress, a checkout experience that enables consumers to complete checkout in less than two seconds, compared to one-to-two minutes for other BNPL applications, Splitit says. The new feature also supports installment payments via Google Pay and Apple Pay. …

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Fiserv’s Merchant Business Leads First Quarter Growth

Giant processor Fiserv Inc. said its revenue from its merchant business increased to $1.85 billion in the first quarter, a 12.1% increase from $1.65 billion a year ago. Brookfield, Wis.-based Fiserv said its two other segments—financial technology and payments and networks—also had revenue increases. Revenue for the financial technology business …

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The ACH And Debit Top the Growth Charts, According to the Latest Fed Study

Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …

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Payroc Launches Tap to Phone And Strengthens Its Hand in Unattended Payments

Payroc LLC has partnered with wireless-network platform provider Bleu to launch tap-to-phone payments for Android and iOS devices in the United States. Merchants will be able to accept payments using a smart phone or tablet device. The rollout of tap-to-phone technology is expected to help merchants meet consumers’ evolving expectations …

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Looking to North American Expansion, the U.K.’s Miura Launches an Android POS Device

The United Kingdom-based point-of-sale technology specialist Miura Systems has launched its latest payment device, an Android-based terminal called the Miura Android Smart POS, or MASP. It’s the latest payment-acceptance device aimed at independent sales organizations and other third-party resellers to take advantage of the open-source capabilities of the Android operating …

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Cuban’s Drug Co. Taps RevSpring And Other Digital Transactions News briefs from 4/21/23

RevSpring Inc. said it is the payment partner to the Mark Cuban Cost Plus Drug Co., a new program for U.S. pharmacies. Cheq Inc., a mobile-payments provider serving the hospitality industry, said its technology will fulfill food orders at The Bite of Seattle, a festival set for July 21-23 and expected …

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Cards in a Real-Time Payments World

As a new phase of real-time payments in the United States draws near, don’t expect payment cards to go away any time soon. That’s the consensus from several speakers at the Smarter Faster Payments 2023 conference sponsored by Nacha this week in Las Vegas. Each time a new payment rail …

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An Upbeat AmEx Reports Record Revenue—But the CEO Remains ‘Paranoid’ About Rivals

Observers of the payments landscape who are wondering when the business will get its momentum back may have had their question answered early Thursday by the top executives of American Express Co. Travel and entertainment spending, a key category for AmEx historically and one that was hammered hard by the …

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Pulse Volume up 9% And Other Digital Transactions News briefs from 4/20/23

Discover Network reported $54.1 billion in Discover Card volume for the first quarter, up 9.5% over the same period last year. Discover’s Pulse debit network processed $65.3 billion in volume, a 9% increase year-over-year. Revenue net of interest expense rose 29% to $3.75 billion, but net income dropped 21% year-over-year owing …

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Square Launches Tap to Pay for Android in the United States And Five Other Markets

Square, the point-of-sale and e-commerce unit of Block Inc., Wednesday announced the launch of Tap to Pay on Android for merchants in the United States, Australia, Ireland, France, Spain, and the United Kingdom. The technology will enable Square merchants to accept contactless payments with a compatible Android device, such as …

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Digital Transactions