Wednesday , September 30, 2020

ATM Withdrawals Decrease and other Digital Transactions News briefs from 9/14/20

  • Cash ATM withdrawals were down 14.6% for the week ending Sept. 6 among credit unions serviced by PSCU. The credit union service organization’s weekly transaction trends report found that while down, the rate is better than the 21.8% average decrease for the past four weeks.
  • Co-Op Financial Services said an alliance with debit network Shazam enables Iowa credit unions to provide access to almost 33,000 surcharge-free Co-Op ATMs and Shazam Privileged Status ATMs across the country.
  • With many students being taught at home in the face of school closures caused by Covid-19, online transactions for school supplies rose 56% from January to August compared to the same period in 2019, according to ACI Worldwide Inc.
  • With the increasing popularity of installment-payment options at the point of sale, Canada’s PayBright launched its first major consumer marketing campaign.
  • Hotel-reservation site Hotels.com launched a Visa-branded rewards credit card, said to be the company’s first cobranded credit card.
  • The city of Newport, R.I., adopted a mobile-payment app for municipal parking from app developer Passport Parking.
  • Euronet Worldwide Inc. said its epay division will manage subscription billing between Microsoft Corp. and some telecommunications retailers for some Microsoft gaming subscriptions.
  • Advanced Fraud Solutions released a white paper on mobile-deposit scams.
  • Entrust Datacard changed its name to Entrust. Founded as Datacard Corp. in 1969, the company acquired Entrust in 2013, adopting the Entrust Datacard moniker.

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