Friday , March 29, 2024

Mobile Commerce

Contactless And Mobile Wallets Are Gaining Ground Among Debit Users, a Pulse Study Finds

Consumer affinity for in-person transactions that reduce points of contact are taking hold as contactless payments made with debit cards swelled to 16% of the U.S. card-present share last year from 8% in 2021. It’s a similar story with debit cards used with mobile wallets. Their use increased from 5% …

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Debit Use up 1% in 2022 And Other Digital Transactions News briefs from 8/17/23

Pulse, the debit network owned by Discover Financial Services, released its 2023 debit study that found the total number of debit transactions increased 1% in 2022 over 2021, while dollar volume increased 3% for the same period. Fraud and risk platform DataVisor released its Real-Time Payments Fraud Solution to help counter fraud …

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Baywood Hotels Adds Digital Tipping Capabilities for Its Guests

Baywood Hotels Inc. is making eTip’s cashless mobile-tipping technology available across its entire portfolio of properties, which include Hilton, Marriott, IHG, and Choice hotels. ETip enables consumers to digitally tip hotel workers by scanning a QR code with their mobile phone. That opens the eTip app directly in their phone’s …

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An Embedded Pricing Tool from TSG Aims for Fine Tuning

TSG, a payments advisory firm, released a service to help merchant acquirers and software vendors optimize pricing for merchants. Dubbed the Embedded Pricing Tool, it can help acquirers and software vendors get pricing right without over- or under-pricing merchants. Pricing data comes from the TSG database in its Acquiring Industry …

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PayNearMe Reaches 60,000+ Locations Overall With a Deal to Add Dollar General

PayNearMe Inc. has added discount-retailer Dollar General and its 19,000 stores to its merchant network. The deal will enable Dollar General customers to pay bills using digitized cash at the checkout counter. The addition of Dollar General, which operates stores in 47 states, brings PayNearMe’s merchant network to more than …

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Clarifying CNP Debit Routing And Other Digital Transactions News briefs from 8/15/23

The U.S. Payments Forum has published a free white paper, “Regulation II Clarification for Debit Routing,” on the Federal Reserve’s announcement earlier this year that effective July 1 issuers must support network choice on card-not-present transactions, in addition to card-present, in accordance with the 2010 Durbin Amendment. Payment-card manufacturer CPI Card Group Inc. has …

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PayPal’s Board Taps Intuit’s Alex Chriss to Replace Retiring CEO Dan Schulman

PayPal Holdings Inc. announced early Monday that Alex Chriss, a long-time executive at Intuit Inc., will take over in September as chief executive, replacing Dan Schulman, who in February triggered the hunt for his successor when he announced he would retire later this year. Chriss, a 19-year veteran at Mountain …

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Former BMO Executive Fowler Takes Over at Zelle Parent Early Warning

Early Warning Services LLC, which operates the Zelle peer-to-peer payment network, announced early Friday it has appointed Cameron Fowler as chief executive, effective October 2, 2023. Fowler replaces Albert Ko, who left the company in May to become CEO of Auctane, which provides shipping software and operates such brands as …

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PayJunction Debuts No-Code Integration And Other Digital Transactions News briefs from 8/11/23

PayJunction announced its No-code Payments Integration Platform, a free browser extension that enables quick integration of payment features in any cloud software platform. The online grocery delivery service Instacart said it has initiated service in Alaska, making the company the first to enable in all 50 states grocery payments using Supplemental Nutrition Assistance …

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Payment Processors Repay, Priority Technology, And Par Technology Post Q2 Results

Payments-technology provider Repay Holdings Inc. reported its consumer-payments business grew its organic gross profits 16% in the quarter ended June 30, compared to the same period a year ago. Overall, the company posted organic profit growth of 12% for the quarter, compared to a year earlier. Absolute figures were not …

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Digital Transactions