Digital Transactions Authoritative, insightful and timely information for payments professionals
Upgraded, a service that lets Apple MacBook buyers pay over time, announced it is launching in the United States in a partnership with Citizens Pay, a point-of-sale financing service of Citizens Bank. Adyen NV, a Dutch payments platform that competes in the U.S. market against companies like Stripe, Fiserv, PayPal, …
August, 2023
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17 August
As Consumer Credit Card Debt Rises, Satisfaction With Card Rewards Declines
As consumers take on increasing amounts of credit card debt, their satisfaction with credit card rewards and loyalty programs is eroding. That’s according to a report released Thursday by J.D. Power. The decline in satisfaction is being driven by consumers’ perception of the rewards earned per dollar spent, especially among …
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17 August
Discover’s Management Stresses New Action on Merchant And Banking Issues
Discover Financial Inc.’s top brass early Thursday stressed that the company’s top priorities are regulatory compliance, customer experience, and long-term growth. The declaration, from temporary chief executive John Owen, was meant to reassure equity analysts and came in the wake of merchant-overcharge and banking-compliance issues that led up to the …
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17 August
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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16 August
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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16 August
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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16 August
Sesame Credit Builder Debuts And Other Digital Transactions News briefs from 8/16/23
Credit Sesame, which allows consumers to access their credit information, launched a Mastercard debit card called Sesame Credit Builder. The card is aimed at enabling consumers to build a credit history via routine transactions. NCR Corp. announced the U.S. Securities and Exchange Commission has declared effective a Form 10 registration statement …
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15 August
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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15 August
Hochschild Exits Discover As the Card Network Confronts Fallout From an Overcharge Issue
John Owen, a retired banker and member of Discover Financial Services Inc.’s board of directors, has been appointed interim chief executive and president, replacing Roger Hochschild, who resigned Monday after five years running the company. Riverwoods, Ill.-based Discover announced Hochschild’s departure following the card network’s disclosure in an earnings call …
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15 August
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 …
