Friday , March 29, 2024

Mobile Commerce

Acquirers Seek Answers from a Visa Surcharging Executive

More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …

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COMMENTARY: How Earned Wage Access Can Help Workers Stay Out of Debt

According to recent research, American households carried a whopping $17.1 trillion in total debt as of the second quarter of 2023. The herculean effort to become debt-free continues to weigh on the shoulders of millions of Americans. We’ve seen the landscape of the U.S. workforce change drastically over the past …

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In His First Earnings Call As PayPal’s New Boss, Alex Chriss Leaves No Doubt Who’s in Charge

Most new corporate chiefs keep a low profile for a time, perhaps tweaking their predecessors’ strategies but announcing few major changes. Not so Alex Chriss. PayPal Holdings Inc.’s new CEO, who took over Sept. 27 from long-time chief Dan Schulman, took the opportunity of his new company’s third-quarter earnings call …

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When It Comes To Workplace Incentives, Employees Prefer Gift Cards  

Gift cards are becoming a popular employee incentive, Fiserv Inc.’s “Q4 2023 Gift Card Survey” finds. Some 80% of respondents say they would prefer a gift card as a reward from their employer, while 9% say they would prefer an event or outing, and 11% would prefer some other type …

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 Wellfit’s Dental Work And Other Digital Transactions News briefs from 11/1/23

Wellfit Technologies Inc. said it will provide payment processing, patient financing, and other services under a new agreement with Patterson Dental’s network of clinics. RentSpree, a management platform for landlords, announced it has reached 2 million users, doubling its user count in less than two years. The service enables rent payments …

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Chase’s JPM Coin: With $1 Billion in Daily Volume, It May Come to Retail Payments

More than four years after it began testing its own blockchain-based stablecoin, JPMorgan Chase & Co. is processing $1 billion in transaction volume per day for JPM Coin, Takis Georgakopoulos, JPMorgan’s global head of payments, told Bloomberg News during an interview. Created in 2019 and launched in 2020, JPM Coin …

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Worldline is Partly to Blame for Its Stock’s Sudden Collapse

Like a thunderclap, on Oct. 25 the stock price of continental Europe’s biggest payment processor, Worldline, plummeted 59%. It’s down a whopping 88% from its high in April 2021. Macroeconomic conditions are to blame, but so are Worldline-specific factors. The reign of easy money is over. Easy money inflates valuations. …

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European Processors Take Stock Hit And Other Digital Transactions News briefs from 10/27/23

European transaction processors are getting hammered by slowing economies and increased regulatory scrutiny. Shares in the big French processor Worldline slid 59% on Wednesday, followed by a feeble recovery Thursday. AppTech Payments Corp. announced it has closed on its acquisition of Alliance Partners LLC. The deal brings to AppTech FinZeo, Alliance’s money-movement software …

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Mastercard Revenue up 12% And Other Digital Transactions News briefs from 10/26/23

Mastercard Inc. posted strong third-quarter results of $6.5 billion in revenue, up 12% from $5.8 billion in the 2022 third quarter. The card giant’s net income of $3.2 billion increased 28% from $2.5 billion in the year-ago quarter. Mastercard cited cross-border payment volume growth of 21% in the quarter as one …

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Visa’s CEO Downplays Potential Impact From a Fed Meeting on Debit Interchange

The Federal Reserve Board is set to revisit its longstanding limit on debit card interchange on Wednesday, and most observers expect the Fed to lower it. But ask Visa Inc. about the matter—as analysts did Tuesday afternoon during the network’s September-quarter earnings call—and its top executives outwardly at least profess …

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Digital Transactions