Monday , July 15, 2024

News

July, 2024

  • 15 July

    Eye on E-Commerce: U.S. Online Retail to Top $1.2 Trillion; Shopify Enlists Red Van

    U.S. online retail sales will continue their steady growth and continue to snare more overall retails sales, suggests the “2024 Online Retail Report” from FTI Consulting Inc. The research forecasts $1.2 trillion in U.S. e-commerce sales this year, up 9.1% from 2023’s $1.1 trillion. That forecast comes as online sales …

  • 15 July

    J.D. Power Launches a Certification Program for Mobile Banking Apps

    J.D. Power announced early Monday the launch of a mobile-banking app certification program. The program is intended to recognize app providers that deliver an exceptional user experience, the company says. The certification process rates mobile apps using a set of 146 best-practices benchmarks, including app development, design, and operational functionality. …

  • 15 July

    Wirex’s Crypto Tie-in to Cards and other Digital Transactions News briefs from 7/15/24

    The U.K.-based payments platform Wirex said it will work with Visa Inc. to integrate digital currencies with Visa cards in the U.K. and European Economic Area. As part of the collaboration, Wirex said it is launching Wirex Pay, a service aimed at easing use of both traditional money and cryptocurrency. Payment gateway Freedom …

  • 12 July

    Payment Facilitation: Elevating Your Payment Solutions

    Payment Facilitation: Elevating Your Payment Solutions In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …

  • 12 July

    A Card Issuer Trade Group Turns Up the Heat in Its Anti-CCCA Campaign

    The Electronic Payments Coalition’s attack this week against the Credit Card Competition Act calls out retailers Target Corp. and Walmart as greedy mega-corporate stores that stand to profit at the expense of consumers should the legislation pass. The aggressive tone of the EPC’s “high six-figure” campaign, unleashed this week, signals …

  • 12 July

    Eye on POS: MagTek Secures ExpiTrans As a Reseller; Visa Readies for 2024 Olympics

    Point-of-sale technology company MagTek Inc. has lined up payments provider ExpiTrans as a reseller of its QwickPAY POS software. Meanwhile, Visa Inc. says its technology is ready for the start of the summer Olympics in Paris in two weeks. Seal Beach, Calif.-based MagTek says ExpiTrans will market its software to …

  • 12 July

    Inswitch Lands Processing Contract and other Digital Transactions News briefs from 7/12/24

    U.S.-based embedded-finance platform Inswitch announced it will issue and process Visa debit cards locally and internationally for n1co Technologies, a fintech based in El Salvador. Online travel agency Expedia Group Inc. signed a multiyear agreement with Wells Fargo Co. and Mastercard Inc. to launch two new cobranded credit cards. Digital-payments platform Billtrust said Visa Inc. has …

  • 11 July

    FundKite Moves Beyond Business Financing With Its Launch of a Merchant Services Division

    FundKite, a fintech that provides financing to small and medium-size businesses, has broadened its services with the launch of a payment-processing division. The move will enable FundKite to expand its services beyond offering capital to merchants by providing them with a one-stop processing and financing shop, the company says. In …

  • 11 July

    Apple Agrees to Let Wallet Developers in Europe Access the iPhone’s NFC Chip

    Under pressure from the European Commission, Apple Inc. agreed Thursday to open the contactless-payment technology in its iPhone for payments on wallets from outside developers. The agreement follows two years of investigation by the regulator, which has argued the exclusion of rival wallets from using the iPhone’s near-field communication chip …

  • 11 July

    BNPL Satisfaction High and other Digital Transactions News briefs from 7/11/24

    A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the …

Digital Transactions