Wednesday , January 27, 2021

News

January, 2021

  • 26 January

    AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending

    In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …

  • 26 January

    Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21

    Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …

  • 25 January

    A Planned Pilot for FedNow Spurs More Than 110 Banks And Processors to Sign up

    The Federal Reserve reported late Monday it has received more than 110 expressions of interest from financial institutions and processors for a real-time payments pilot program slated to start later this quarter. That number exceeds the 80 entities the Fed expected to participate in the pilot for the FedNow service, …

  • 25 January

    It’s Official: NCR Succeeds In Its Bid to Acquire Cardtronics in a $2.5-Billion Deal

    NCR Corp. entered into a definitive agreement Monday to acquire ATM network operator Cardtronics plc for $39 a share in an all-cash transaction valued at $2.5 billion, including debt. The deal, which NCR plans to finance with cash on hand and financing from Bank of America N.A., is projected to …

  • 25 January

    MoneyGram’s Links to Visa Direct And Checkout.com Hike the Stakes in Near Real Time Remittances

    The remittance giants haven’t been shy over the last two years in adopting card-network technology and local payments services to close the last mile for fast transfers directly to users’ mobile devices. And MoneyGram International Inc. on Friday played its latest card in this market with an arrangement that will …

  • 25 January

    Debit Card Growth Outpaces Credit Cards and other Digital Transactions News briefs from 1/25/21

    Growing numbers of consumers continue to grab their debit cards when shopping, with the overall U.S. spend made with debit cards up 25% for the week ending Jan. 17, compared to the week of Jan. 19, 2020, according to the PSCU Tracking Transaction Trends report issued Monday. Credit card spend was up …

  • 22 January

    Mindbody Adds Flex, a Subscription-Payment Fitness Program

    Mindbody Inc., a provider of payments services and wellness software to the health and fitness industry, is adding a direct-to-consumer virtual membership program. Dubbed Mindbody Flex, the subscription service offers virtual access to more than 450 independent studios offering virtual fitness and wellness classes. Pricing starts at $39 per month …

  • 22 January

    Checkbook.io’s Link to Plaid Looks To Bring Verification to Real-Time Payments

    As the payments business moves toward faster settlement, verifying payor accounts becomes crucial, yet for non-card payments, “there’s a gap there,” notes Patricia Hewitt, principal at PG Research & Advisory Services LLC, a Savannah, Ga.-based payments consultancy. On Thursday, Checkbook Inc., a San Mateo, Calif.-based startup, announced a step toward …

  • 22 January

    Rellevate To Power Richard Petty Gift Cards and other Digital Transactions News briefs from 1/22/21

    Fintech Rellevate Inc. announced a multiyear licensing and distribution agreement with Richard Petty Motorsports for gift and reward cards depicting NASCAR icon Richard Petty. The cards will be issued by Sutton Bank.CommentSold, a 3-year-old social e-commerce site, said it added 2,000 merchants in 2020 and saw record growth in gross merchandise value …

  • 21 January

    Discover Posts Volume Gains for Its Payments Properties But Logs an Overall Revenue Drop

    Discover Financial Services reported mixed results Thursday for the fourth quarter of 2020. Despite a 4% decline year-over-year in revenue, which totaled $2.82 billion, Discover’s net income rose 13% to $799 million.  Payment Services volume totaled $70.1 billion, up 6% year-over-year, with all four legs that comprise the division—the Discover …

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