Tuesday , March 19, 2024

Marketing

Elavon Lands BMO And Other Digital Transactions News briefs from 3/14/24

Processor Elavon, a unit of U.S. Bank, said it will provide a payments platform to BMO. In addition to payment services for credit, debit, and digital payment transactions, Elavon’s services to the bank include customized merchant processing services, omnichannel acceptance, fraud management, and dynamic and multi-currency conversion. Processor Stripe Inc. added support for Apple …

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Mastercard Adds Subscription Tools; Recurly Sees 71% Growth in Software Subscriptions

Mastercard Inc. released Smart Subscriptions, a service to help issuers provide subscription-management tools to their cardholders. In related news, Recurly Inc., a subscription-services provider, released its consumer software subscription benchmark report. The Smart Subscriptions service builds on Mastercard’s Subscriptions Control product, released in 2023, to provide spend analysis, a way …

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Cautious Consumer Spending Depresses CPI Card Group’s Sales

CPI Card Group Inc. posted $444.5 million in net sales in 2023, a 7% decrease from 2022. The card and payments solutions provider saw an even larger drop during the fourth quarter, posting net sales of $102.9 million, a 19% year-over-year decrease. CPI attributed the declines to cautious consumer spending, …

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PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

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PayRange Battles Alleged Patent Misuse And Other Digital Transactions News briefs from 3/6/24

Unattended payments specialist PayRange Inc. said it filed a patent infringement lawsuit against CSC ServiceWorks, an operator of laundry machines in multi-family housing and college dorms. This is in addition to a previous patent infringement suit it filed in March 2023 against CSC ServiceWorks. In the new suit, PayRange seeks more than …

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Zelle Posts Strong Growth for 2023 And Its Single Largest Quarter for Growth in Q4

Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced late Monday a 28% increase in transaction volume in 2023 and that the fourth quarter of 2023 was its single largest quarter based on volume since its launch in 2017. Overall, Zelle handled 2.9 billion transactions totaling $806 …

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Eye on Travel: AmEx’s New Virtual Card Integration for Small-Business Travel and Expenses; IHG Hotels Endorses Grazzy for Digital Tipping

American Express Co. unveiled on Monday a new virtual card integration with AmEx Global Business Travel’s Neo1 platform for travel and spending management. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx …

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Nacha Campaigns Take Aim at Money Mules and Tout Benefits of Direct Deposit

With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …

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Play Ball! Shift4 Lands Yankee Stadium; Sound Payments Adds Boarding And Deployment Services

With 29 days until Major League Baseball’s opening day on March 28, the New York Yankees have selected Shift4 Payments Inc. as the team’s concessions and retail sales point-of-sale system provider. Announced Wednesday, the deal will see Shift4 payment technology deployed at Yankee Stadium and at the George M. Steinbrenner …

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Dwolla Launches Open Banking Services With A2A Payment Focus

Payments-technology provider Dwolla Inc. announced Tuesday the launch of its open-banking service for mid- and enterprise-sized businesses. The service streamlines businesses’ ability to embed open-banking capabilities within existing applications through a single application programming interface, as opposed to relying on connections to multiple vendors. To further reduce the complexity of …

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Digital Transactions