Thursday , March 28, 2024

News

June, 2023

  • 13 June

    The CFPB Sees Room for Industry Standard-Setting Bodies in Open Banking

    Although the Consumer Financial Protection Bureau plans to develop a federal regulation governing the protection of consumer financial data shared through open banking, the agency says that open banking will be best served if it does not “micromanage” open banking itself. In October, the CFPB announced its intention to develop regulation …

  • 13 June

    Eye on Restaurants: New Gambits From SpotOn, Toast, And Oracle

    Few retail markets have rebounded from Covid lockdowns as fast as restaurants have. And few have attracted as much attention from payments companies. No wonder. Sales at what the National Restaurant Association calls “eating and drinking places” in the United States totaled $88.1 billion in April, up 0.6% from March. …

  • 13 June

    Mastercard Processing Woes And Other Digital Transactions News briefs from 6/13/23

    Mastercard Inc. Monday afternoon said it was looking into reports of problems with processing certain transactions on its network. Both Stripe, a major payments platform, and the U.K. bank Natwest reported issues, though Natwest said the problem had been resolved by day’s end. Prepaid card provider Paysign said it completed issuer certification with …

  • 12 June

    With a New Card, Chase Looks to Woo New-To-Credit Customers

    Chase, the consumer and commercial banking division of JPMorgan Chase & Co. in the United States, has launched Chase Freedom Rise, a credit card aimed at consumers with no credit history. Cardholders earn 1.5% cash back on every purchase, pay no annual fee, and have no minimum threshold for redeeming …

  • 12 June

    Eye on E-Commerce: Online Prices Fall to a New Low; Stripe Joins the MACH Alliance

    The leveling off of e-commerce activity continues as online prices, as measured by the Adobe Digital Price Index, fell 2.3% in May from a year ago. This is the ninth consecutive year-over-year decrease in online prices, Adobe Inc. says. Of the 18 categories tracked by Adobe, prices fell in 11 …

  • 12 June

    Toast Signs Marriott Deal And Other Digital Transactions News briefs from 6/12/23

    Restaurant point-of-sale technology provider Toast Inc. has signed an agreement with Marriott International Inc. to make its Toast for Hotel Restaurants product available in the hotelier’s Select service hotels in the United States and Canada. A report from Mastercard Inc. indicates the proportion of cash-only customers in Latin America has dropped from 45% three …

  • 9 June

    Nuvei Lands Nonprofit and Government SaaS Provider Sylogist

    Sylogist Ltd., a global provider of software-as-a-service to more than 2,000 public-sector customers across the government, nonprofit, and education sectors, has selected Nuvei Corp. as its payments processor. Nuvei will provide Sylogist with payments functionality including support for mobile wallets such as Apple Pay and Google Pay. In addition, Nuvei …

  • 9 June

    Six Flags’ Great Adventure Store Adopts Amazon’s Just Walk Out Technology

    Amazon.com Inc.’s Just Walk Out payment technology is providing checkout-free shopping at Quick Six, a concept store at Six Flags Great Adventure, a Jackson, N.J., theme park. Announced recently, the store uses the Amazon-developed technology that requires consumers to scan a code on their cellphones that is tied to a …

  • 9 June

    Shell Picks Vontier’s Payment Tech And Other Digital Transactions News briefs from 6/9/23

    Vontier Corp. said its Retail Solutions unit will provide cloud-based payments technology for Shell Oil Co. at more than 13,000 service stations by the end of next year. The U.S. unit of the big cryptocurrency exchange Binance said it will suspend dollar transactions as early as June 13 following word from partners they …

  • 8 June

    Canadians Prefer Personal Financial Management Tools for Credit Card and Banking Apps

    Card issuers and banks in Canada that offer apps featuring personal financial management tools are scoring higher in customer satisfaction and engagement than issuers and banks that don’t, according to research by J.D. Power. In a series of studies conducted earlier this year, J.D. Power found that many Canadian banks …

Digital Transactions