Wednesday , October 16, 2019

Bank App with P2P Payments Debuts and other Digital Transactions News briefs from 8/22/19

  • N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.
  • Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market through a partnership with VIP Systems, a construction and systems provider for builders and municipalities.
  • Bluefin Payment Systems LLC launched ShieldConex, a secure payment technology and vaultless tokenization service for securing personally identifiable information.
  • Tripleseat, a Web-based sales and event-management platform that offers integrated payments, said more than 300 restaurants switched to its service so far this year. Tripleseat said more than 5,000 restaurants currently use its service.
  • Brex Inc. said it joined the Magento Technology Partner Program from Adobe Inc.’s Magento e-commerce platform subsidiary, a move that enables Magento’s merchants to apply for Brex’s e-commerce corporate card on the platform. In related news, Brex said its credit services are now available to merchants through the BigCommerce app store.
  • Target Corp. reported strong sales in its second quarter of fiscal 2019 ended Aug. 3, but sales share on its Redcards trended lower. The Target debit card captured 12.5% of sales versus 13% in fiscal 2018’s second quarter, and the Target credit card accounted for 10.7% compared with 10.9% last year. Total Redcard penetration was 23.2%, down from 23.9% a year earlier.
  • The newly released 2019 Credit Card Satisfaction Study from research firm J.D. Power says recent, high-profile data breaches have not yet had a negative effect on cardholders’ perception of security, with 52% of respondents reporting they “strongly agree” their credit card issuer protects their personal identity, up from 49% in 2018.

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