Credova, a buy now, pay later platform for outdoor-sports-related purchases, launched its Pay in 4 program, allowing shoppers to split purchases into four installments at no interest.Point-of-sale technology provider PredictSpring said it has raised $16 million in a Series B funding round.Point-of-sale system maker Bravo Systems released updates for automated form completion and text …
Read More »Omnichannel Revenue up 142% in May and other Digital Transactions News briefs from 6/15/22
Data from Signifyd’s Ecommerce Pulse report found that retailers experienced a 142% increase in omnichannel sales in May from May 2021.Grubhub, the food ordering and delivery app, said it has added PayPal Holdings Inc.’s Hyperwallet and Visa Direct, Visa Inc.’s real-time payment service, to allow drivers to receive immediate payouts.Software provider Marketing 360 launched …
Read More »Sionic’s New Real-Time Payment Service and other Digital Transactions New briefs from 6/14/22
Payments provider Sionic announced a service that allows consumers to pay merchants at the point of sale via real-time transfers from the consumer’s bank account to the merchant’s bank account. The service includes incentives merchants can use to induce consumers to use the service in preference to rewards credit cards.XTM Inc. announced it …
Read More »Clover Sport in 300 Venues and other Digital Transactions News briefs from 6/13/22
Fiserv Inc. said more than 300 sports and entertainment venues are now using Clover Sport to provide payment and marketing services to fans. Clover Sport is based on Fiserv’s Clover point-of-sale technology.MoneyGram International Inc. launched a service that supports money transfers via the Stellar Network’s public blockchain and USD Coin, a stablecoin from Circle Internet …
Read More »Mastercard Opens up to NFT Purchases and other Digital Transactions News briefs from 6/10/22
Mastercard Inc. said it is working with seven companies to enable its branded payment cards to be used for making non-fungible token purchases. NFTs are digital goods.Sardine, a provider of anti-fraud and compliance technology to fintechs, said it will work with cryptocurrency-technology provider Zero Hash to enable instant settlement on the …
Read More »May Online Spending up $1 Billion and other Digital Transactions News briefs from 6/9/22
Online spending in May totaled $78.8 billion, more than $1 billion above April, said Adobe Inc. in its Adobe Digital Price Index.E-commerce platform WooCommerce said it has enhanced its card reader to add the ability for merchants to enter an order in the WooCommerce mobile app and automatically synchronize inventory between in-person and …
Read More »90% of Transactions Use EMV Tech and other Digital Transactions News briefs from 6/8/22
EMVCo reported the number of EMV chip cards in circulation globally has grown by 1.1 billion over the past year to a total of 12 billion. Some 68% of all cards issued are now EMV-enabled and 90% of all card-present transactions use EMV chip technology, according to the global standards body.Paysafe …
Read More »BofA Card Volume up and other Digital Transactions News briefs from 6/7/22
Total credit and debit card dollar volume for Bank of America Corp. increased 9% in May year-over-year, with credit card volume up 16% and debit volume up 9%, the Bank of America Institute reported.A research report from Aite-Novarica finds what the report calls “excessively high rates” of identity theft, which the report says …
Read More »LumaPay Debuts and other Digital Transactions News briefs from 6/6/22
Luma Health Inc. debuted LumaPay, which allows patients to pay medical bills via text messages.U.S.-based payments provider FreedomPay said it is working with Network International to provide digital-payment capability to the hospitality industry in the Middle East and Africa region.Canada-based Kapsch TrafficCom announced it has now manufactured 100 million toll-payment transponders, which are used in …
Read More »Huntington Creates Payment-Strategy Unit and other Digital Transactions News briefs from 6/3/22
Huntington Bancshares Inc. said it is establishing a unit within the bank dedicated to payments strategy and investment. Amit Dhingra has been appointed to lead the group as Enterprise Payments Director.A platform called i-payout said it is launching a real-time service for payouts in the U.S. and Canada. Rather than …
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