Sunday , July 14, 2024

Search Results for:

Eye on POS: MagTek Secures ExpiTrans As a Reseller; Visa Readies for 2024 Olympics

Point-of-sale technology company MagTek Inc. has lined up payments provider ExpiTrans as a reseller of its QwickPAY POS software. Meanwhile, Visa Inc. says its technology is ready for the start of the summer Olympics in Paris in two weeks. Seal Beach, Calif.-based MagTek says ExpiTrans will market its software to …

Read More »

Inswitch Lands Processing Contract and other Digital Transactions News briefs from 7/12/24

U.S.-based embedded-finance platform Inswitch announced it will issue and process Visa debit cards locally and internationally for n1co Technologies, a fintech based in El Salvador. Online travel agency Expedia Group Inc. signed a multiyear agreement with Wells Fargo Co. and Mastercard Inc. to launch two new cobranded credit cards. Digital-payments platform Billtrust said Visa Inc. has …

Read More »

Issuer-Provided Installment Plans Are Catching up to Traditional BNPL Plans

Issuer-provided installment plans, such as American Express Plan It, My Chase Plan, and Mastercard Installments, are on par in popularity with in-store installment offers, finds Auriemma Group’s The Payments Report. American Express Co. was among the first issuers offering its own buy now, pay later plan, having launched it in …

Read More »

Discover Unveils Balance+ to Offer Overdraft Protection on Debit Cards

Consumers may be well acquainted with the concept of overdraft protection when writing checks, but early Monday Discover Financial Services said it is extending the service to its debit cards. Cardholders who hold the company’s Cashback Debit Checking account are eligible for the new service, called Balance+. “With Balance+ we …

Read More »

How the Supreme Court Has Set up an Intense Struggle Over Sellers’ Debit Card Costs

Decisions from the U.S. Supreme Court are supposed to settle matters, but a verdict the high court delivered early Monday has the potential to stir up debit card pricing questions for some time to come, some observers say. The justices, in a 6-3 decision, ruled a case brought by a …

Read More »

Contactless May At Some Point Include Functions Beyond Payment, the NFC Forum Says

Contactless transactions were supercharged by the pandemic, and now slightly more than half of U.S. cardholders are using the technology when they pay with either cards or wallets, according to Mastercard Inc. research. With that kind of momentum behind them, researchers are looking at ways to expand near-field communication technology, …

Read More »

Nayax Readies EV CloudPay for Burgeoning Electric Vehicle Charging Payments

Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …

Read More »

Credit Cards Remain the Preferred Travel Payment Option for 58% of North Americans

The iconic ad slogan “don’t leave home without it” may have had its heyday in the 1970s, but its message still rings true for many consumers, especially when they travel. Among North American consumers, 58% prefer to use a credit card when traveling, found a new report from TSG, a …

Read More »

There’s Good News, Bad News in the Latest Statistics on Identity Theft

The number of identity-theft cases fell last year, but criminals are getting savvier about how to win their victims’ confidence, with more of them relying on newer tools like artificial intelligence. And credit cards and other financial products remain a top target. That’s the mixed message from the Identity Theft …

Read More »

Ticketing And Soft POS Will Drive Contactless Payment Growth, a Forecast Says

Contactless payments are forecasted to surge 113% in value by 2029, reaching $15.7 trillion by 2029, up from $7.4 trillion this year, predicts a new report from Juniper Research. Ticketing and soft point-of-sale applications will be significant drivers of this growth, United Kingdom-based Juniper says. “As access becomes more widespread, …

Read More »

Nuvei Readies UAE Expansion and other Digital Transactions News briefs from 6/25/24

The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …

Read More »

After Coming ‘a Really Long Way,’ Paze Signs Sellers As It Executes a Staged Rollout

Paze, the online checkout platform backed by some of the nation’s biggest banks, is barreling through a state-by-state rollout that could culminate in nationwide coverage by late summer or early fall, according to James Anderson, the platform’s general manager who has spearheaded the project since Early Warning Services LLC announced …

Read More »

Samsung Next Invests in Curve and other Digital Transactions News briefs from 6/24/24

Samsung Next has invested an undisclosed sum in Curve UK Ltd, developer of a U.K.-based digital wallet, bringing Curve’s total raised funds to more than $250 million. ECS Fin, a developer of payment-processing technology, said Zenus Bank has adopted its IMS Payments capability to integrate Visa B2B Connect, a platform for …

Read More »

Topgolf Callaway in Visa Promo and other Digital Transactions News briefs from 6/20/24

Topgolf Callaway Brands Corp. announced a promotional agreement with Visa Inc., involving benefits and offers for holders of Block Inc.’s Visa-branded Cash App debit card. CasaPerks Technologies Inc. has launched CasaCash, a rewards program that can be offered by property owners to renters as an alternative to a program based on credit …

Read More »

Eye on Healthcare Payments: PatientPay Partners With Higher Standards; Vyne Dental’s Billing App

PatientPay, a payments provider for the health-care industry, has partnered with health-care processor Higher Standards Inc. to make its end-to-end billing and payment-acceptance billing solution available to Higher Standards clients. The partnership grew out of Higher Standards’ need for a technology partner that could provide billing and payment technology to …

Read More »

Apple Pay Later Is Shutting Down in Favor of Third-Party BNPL Providers

Apple Pay Later, the buy now, pay later product from Apple Inc. released just over a year ago, is shutting down. The move comes after installment-payment specialist Affirm Inc. confirmed it would be part of Apple Wallet when the tech giant’s annual software updates for iPhones and computers emerge this …

Read More »

A Fight Over an Illinois Interchange Prohibition Law Is Far From Over

Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year. Opponents of the bill are continuing an ad campaign to …

Read More »

Visa Relaunches Savings Edge and other Digital Transactions News briefs from 6/13/24

Visa Inc. has re-launched Savings Edge, a rewards and discount program for U.S. and Canadian businesses that use Visa Business credit, debit, and reloadable prepaid cards. The re-launch includes revamped offers and a refreshed Web site, Visa says. In related news, Visa announced “Prodigies,” a promotional film aimed at reinforcing the …

Read More »

Men Are Now the Primary Buyers of Gift Cards, Blackhawk Network Finds

Men have supplanted women as the primary buyers of gift cards, says a report from Blackhawk Network. The shift is attributable to men taking on more household responsibilities, such as shopping and gifting, the report says. Blackhawk has been conducting the survey for nearly a decade. Types of gift cards …

Read More »

Payment Choice Is A Key Driver In The Customer Experience, Fiserv Finds

Providing consumers more ways to pay and engage with merchants play key roles in driving consumer purchasing decisions, according to Fiserv Inc.’s Spring 2024 Carat Insights Report. One way for merchants to engage on a deeper level with consumers is to offer apps featuring loyalty and rewards programs and that …

Read More »
Digital Transactions