Friday , April 19, 2024

BJ’s Wholesale Adds Online SNAP Payments and other Digital Transactions News briefs from 3/5/21

  • The warehouse-store chain BJ’s Wholesale Club said it has added electronic benefits transfer payment capability to its Web site for in-store or curbside pickup of SNAP-eligible items. The service applies to stores in Florida and North Carolina. The processor is FIS Inc.’s Worldpay. SNAP is the federal Supplemental Nutrition and Assistance Program.
  • Independent sales organization National Merchants Association said it will open a Las Vegas office and launched a recruiting Web site soliciting job candidates there.
  • Payments provider Pymt announced it has eliminated monthly fees for merchants and is charging only transaction rates. The rate for a swipe, dip, or tap is 2.4% plus 10 cents; for online or keyed transactions, 3.25% plus a dime.
  • Mastercard Inc. closed on its $3.2-billion acquisition of the majority of the corporate services business of Nets Group, a Denmark-based payments-technology company, having complied with conditions set out in August by the European Commission. The Nets assets will help support real-time account-to-account transfers.
  • Electronic funds transfer network Shazam Inc. has acquired Digital Filing Solutions, developer of FileX, software that enables document imaging and management on any device. Terms were not announced.
  • Discover Financial Services said it will open a customer-care center in the Chatham neighborhood of Chicago, on the city’s south side. The move is expected to bring almost 1,000 jobs to the area.
  • U.S. Senator Richard Durbin (D-Ill.) has petitioned Mastercard Inc. and Visa Inc. to “call off” the planned interchange adjustments scheduled for April. Both card brands postponed their usual April and October 2020 interchange updates because of the impact of the pandemic on merchants.
  • The Consumer Financial Protection Bureau filed a lawsuit against BrightSpeed Solutions Inc., a third-party payment processor, and its founder, Kevin Howard. The CFPB alleges BrightSpeed knowingly processed payments for companies engaged in Internet-based technical-support fraud. The CFPB said BrightSpeed was founded in 2015 and wound down operations in 2019.
  • MoneyGram International Inc. announced a five-year extension to its agreement with Ooredoo Qatar that enables MoneyGram customers to send money in near real-time via the Ooredoo Money Wallet.

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