Sunday , July 14, 2024

News

July, 2024

  • 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 …

  • 10 July

    Global Insights for Your Business

    What can a global payments report tell you about the needs of businesses and their customers in 2024? Quite a lot, actually. While used by multinational corporations to predict payment trends in major markets the world over, the Worldpay Global Payments Report, now in its nineth year, can also shed …

  • 10 July

    Discover Lands the Military Star Card as It Moves to an Open Network

    U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues the Military Star card, which is administered by the Army and Air Force Exchange Service, and has approximately …

  • 10 July

    A Panoply of Factors Help Drive Record Volume for the Big Banks’ Real Time Payments Network

    The Clearing House Payments Co. LLC reported early Wednesday its 7-year-old RTP service on June 28 exceeded $1 billion in daily volume for the first time. TCH waited a week and a half to disclose the milestone as it worked out what the factors were behind the record-setting performance, only …

Digital Transactions