News

April, 2021

• 16 April

  As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental

  

  More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments Index for April. Released Thursday, the index shows that debit card use accounted for 35% …
• 16 April

  Nuvei To Acquire Mazooma for $56 Million and other Digital Transactions News briefs from 4/16/21

  

  Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and …
• 16 April

  COMMENTARY: If You Want Consumers to Lose, Network Regulation is a Must

  

  After the current U.S. Congress was sworn in, a predictable chorus of merchants, lobbyists, and lawmakers demanded new interchange price caps and other government mandates to decrease credit card interchange fees for merchants. The tired attacks on credit cards are an easy narrative that focuses almost exclusively on the cost …
• 15 April

  Redefining the “I” in ISO as Integration

  

  Payment integrations are helping ISOs maximize revenue and enhance the customer experience  By: Oscar Lopez, Director of Sales, Strategic Partnerships, First American Payment Systems  Independent Sales Organizations are focusing more and more on payments integration, and for good reason. Accelerated by the pandemic and consumer demand, card not present payments …
• 15 April

  Nacha Records Booming Same-Day Results As the ACH Confronts Pandemic Concerns

  

  Faster-payment volume soared 88% on the nation’s automated clearing house network in the year’s first quarter compared to the same period in 2020, Nacha reported Thursday. Transactions processed the same day they were initiated totaled 141.1 million, compared to 75 million in last year’s March quarter, the last period before …
• 15 April

  Coinbase Stock Soars on Opening Day and other Digital Transactions News briefs from 4/15/21

  

  On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …
• 15 April

  OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments

  

  The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are home to amateur baseball teams operated by National Sports Services. As part of the deal, …
• 14 April

  POS Software Provider ParTech Lands Culver’s And Its Nearly 800 Locations

  

  ParTech Inc., a point-of-sale software provider to the restaurant industry, announced Wednesday that it will provide Culver’s restaurants with its Brink POS software across the company’s more than 790 locations. As part of the deal, Culver’s worked with long-time partner Retail Data Systems of Wisconsin, a provider of POS services, …
• 14 April

  With PayPal, UATP Expands Its Installment Options As Consumer Air Travel Rebounds

  

  It’s a relatively new arrival among payment options for general merchandise, but the newest buy now, pay later concept has been available for air travel for some time, helping boost airlines after a tough year in 2020. In the latest development, Universal Air Travel Plan Inc. on Wednesday announced it …
• 14 April

  Cardlytics Acquires Bridg and other Digital Transactions News briefs from 4/14/21

  

  Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of …