Friday , March 29, 2024

Search Results for: american express

Mercedes pay+ Will Have U.S. Presence, One Day And Other Digital Transactions News briefs from 3/10/23

A Mercedes-Benz spokesperson tells Digital Transactions News its Mercedes pay+ in-car payment service that turns the vehicle into a payment device will appear in its U.S. models, though it cannot share a timeframe for that. Announced earlier this week, Mercedes pay+ will initially be available in Germany and in other European markets later this …

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It’s Not the Food, It’s the Plate

Banks are gearing up to launch their own common wallet for consumers. But what value, exactly, will the new product really add? This comes from an announcement on Early Warning Services’ Web site: “We hear from consumers that they want to utilize online payments from their trusted financial institutions,” said …

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Western Union in Money Transfer Boost Deal and other Digital Transactions News briefs from 2/24/23

The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later. American Express Co., working with the National Trust for Historic Preservation, will …

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NRS Makes Canada Move And Other Digital Transactions News briefs from 2/15/23

National Retail Solutions, a point-of-sale platform provider, said it is expanding to Canada. Currently, select retailers in Toronto are deploying NRS terminals with plans to add more cities in coming months. Payments platform Nayax Ltd. said EV Meter, a technology firm working with Nayax on new electric-vehicle charging platforms, will support EV …

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January Restaurant Spending Soars And Other Digital Transactions News briefs from 2/10/23

January retail sales, excluding automotive, were up 8.8% over January 2022, Mastercard Inc. said in its latest SpendingPulse report. Restaurant spending, in particular, was high at 24.2% more sales year-over-year. Spending on Bank of America Corp. credit and debit cards increased 5.1% year-over-year in January in a sign the bank interprets as “signs of …

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CFPB’s Hot Buttons And Other Digital Transactions News briefs from 1/31/23

Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …

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AmEx Posts a Double-Digit Rise in ’22 Volume But Faces Queries About Its Card Take

American Express Co., whose travel-and-entertainment focus took a beating during the pandemic and is now rebounding, reported strong growth early Friday for its latest quarter, but left at least some equity analysts questioning whether the growth is strong enough. Analysts zeroed in on revenue growth and card-acquisition rates, in particular, …

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Lightspeed Lays Off 300 Staff And Other Digital Transactions News briefs from 1/17/23

Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees. The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall …

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Oracle Tweaks Contactless Acceptance And Other Digital Transactions News briefs from 1/12/23

Oracle Corp. launched its Retail Payment Cloud Service to support contactless payments for U.S. retailers at fixed-fee rate pricing. Mercatus Technologies Inc. debuted an updated version of its mobile grocery shopping app that includes seamless cart building and checkout, personalization, rewards and loyalty, and third-party delivery service integrations. MobileCoin Inc. launched Moby, a …

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The CCCA’s Long Shadow

Will Durbin II rise again, bringing joy to merchants but grief to credit card issuers? Potentially, more than $10 billion could be in play if routing choice becomes law. Credit card issuers dodged a bullet in late 2022 with the failure of the Credit Card Competition Act to pass the …

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