Saturday , May 30, 2020

Transaction Processing

A Majority of Online Transactions Are Now Made With Mobile Devices, comScore Finds

Mobile devices have captured more than 50% of online purchase transactions in many large countries, according to new research findings from comScore Inc. Mobile wallets, however, still account for only a minority of total mobile purchases. Reston, Va.-based comScore, which researches Internet usage, says mobile’s share of online transactions rose …

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Vesta Notes $125 Million Investment and other Digital Transactions News briefs from 5/29/20

Vesta, a vendor of fraud-fighting technology, said it has received a $125 million growth-capital investment from Goldfinch Partners.Fiserv Inc. said True Sky Credit Union will move to its platform for core account processing, including access to the Zelle peer-to-peer payments network.Mastercard Inc. launched Recovery Insights, a set of data and tools aimed at …

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A New Study Shows How Acquirers Can Help Merchants Recover From Covid-19’s Heavy Toll

Fully 25% of U.S. merchants that accept payment cards experienced a drop of 56% or more in card volume in April compared with February, finds a new study from The Strawhecker Group. After analyzing billions of transactions from more than 1 million card-accepting merchants across the United States, the Omaha, …

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Visa Names Chief Strategy Officer and other Digital Transactions News briefs from 5/28/20

Visa Inc. appointed Chris Newkirk as chief strategy officer, a newly created position in which he will lead strategic planning for Visa overall and work with Visa’s regional teams. Newkirk, who will report to chairman and CEO Al Kelly, comes to Visa from Capital One Financial Corp., where he held a …

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As Restrictions Lift, Parking Apps Look to Serve Cooped-up Consumers Who Want Touch-Free Payments

Pundits have argued for weeks that the Covid-19 pandemic is shifting consumer payment habits away from anything that requires touching publicly available devices, and now that trend is showing up in that most mundane of activities, parking a car. To be sure, parking transactions even via a mobile app have …

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More Spend on Streaming Services and other Digital Transactions News briefs from 5/27/20

In its first “State of Spend” report, loyalty platform provider Cardlytics Inc., which develops offers for customers of some of the nation’s largest banks based on transaction data, says spending on streaming services rose 24% year-over-year in the March 12-April 29 period.Digital-payments and banking-services provider i2c Inc. said it is supporting Crypto.com as …

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ATM Counts Slip in the U.S., Canada, and China, New Study Shows

Led by the removal of 30,000 ATMs in China, the number of ATMs worldwide fell by 15,000 units, or 0.5%, in 2019 to 3.23 million machines from 3.25 million in 2018, according to new findings from London-based research firm RBR. The United States and Canada also saw declines in their …

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ACI Platform Adds Wallet, Bill Pay APIs and other Digital Transactions News briefs from 5/26/20

ACI Worldwide Inc. said its real-time payments platform, UP Immediate Payments, has added application programming interfaces to ease integration with mobile wallets, e-commerce portals, bill-pay apps, social-media payments, and other applications.Payments provider Klarna AB said it has an agreement with musical-instrument maker Fender to provide a payment option offering four equal installments on …

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Many Small Businesses Clawing Back From Their Pandemic Lows, New Processor Data Show

A new report from CardFlight Inc., a point-of-sale technology provider serving more than 60,000 small businesses through its SwipeSimple service, shows merchant activity climbing back to just about where it was in early March when the Covid-19 outbreak began to hit the economy hard. Total sales in the SwipeSimple merchant …

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Rising Use of Digital Payments in Canada Is Likely a Permanent Trend, Interac Reports

Some results from Interac Corp. on Friday show the novel coronavirus and its attendant restrictions are pushing Canadian consumers and businesses toward digital payments, a trend the company says could have lasting effects. In April, e-Transfer transactions reached a record level at 61.3 million, according to the announcement from Interac, …

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