With little indication e-commerce spending is slowing, consumers are favoring using their debit cards on Amazon.com Inc., with a 70% increase in debit card transactions at the giant e-commerce retailer for the week ending Feb. 7, compared to the week ending Feb. 9, 2020. That’s according to the latest Tracking …
Read More »AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21
AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …
Read More »Eye on POS: EVO Debuts SimpleTab for Hospitality And GiftLogic Pairs up With Paystri
EVO Payments Inc. says its new SimpleTab point-of-sale feature can reduce table-turnover time for hospitality merchants. Meanwhile GiftLogic says it has integrated Paystri, a payments-technology company, into its POS software. The SimpleTab payment feature from Atlanta-based EVO works with the Ingenico Move/5000 payment terminal and supports EMV, contactless, and swipe card …
Read More »Boyd Gaming Debuts Wallet and other Digital Transactions News briefs from 2/15/21
Gaming-properties operator Boyd Gaming Corp. launched a digital wallet, working with gaming-technology provider Aristocrat Technologies and payments provider Sightline Payments. The service, called BoydPay, is live at Blue Chip Casino Resort Spa, Belterra Park, and Aliante Casino.Payments provider National Merchants Association launched a program that offers free credit card processing for three months and …
Read More »Cryptocurrency Begins Its Move Up From the Minor Leagues for Mastercard And Visa
The two big card networks have made no bones about their interest in supporting cryptocurrency transactions, and this week both made big moves in that direction. The bigger move came from Mastercard Inc., which on Wednesday announced its intention to launch later this year the ability to send and receive …
Read More »BNPL Specialist Affirm Adds 52% More Customers and other Digital Transactions News briefs from 2/12/21
Affirm Inc. said it had 4.5 million active customers in its fiscal 2021 second quarter ended Dec. 31, a 52% increase from the second quarter of fiscal 2020.Payments provider Repay Holdings Corp. said an integration with PN3 Solutions, a software provider for business-to-business payment automation, will allow PN3’s clients to complete payments to …
Read More »Uplift Signs Travel BNPL Clients and other Digital Transactions News briefs from 2/11/21
Buy now, pay later specialist Uplift Inc. said it signed new travel brands and experienced a 72% growth in monthly transaction revenue in the 2020 fourth quarter. New clients coming online in the second quarter include Alaska Airlines, Frontier Airlines, Virgin Voyages, and Air Canada Vacations.ACI Worldwide Inc. said it and Gilbarco Veeder-Root, …
Read More »How OLB Group Hopes to Win Over Merchants for Cryptocurrency Acceptance
Betting that consumer demand to use cryptocurrency as a payment vehicle will rise over the long term, payments provider The OLB Group Inc. announced Wednesday that its SecurePay payment gateway will support the acceptance of Bitcoin and other digital currencies at the point of sale regardless of the merchant platform. …
Read More »Nonbanks Find Consumer Favor and other Digital Transactions News briefs from 2/10/21
As consumers increasingly turn to fintechs rather than banks, money decisions and payments share are shifting away from traditional financial institutions, according to a study from data-analytics firm Fair Isaac Corp. (FICO). Some 34% of consumers have at least one account with, or conduct financial activity with, a nonbank provider, while …
Read More »Fiserv Looks to Units Like Clover And Carat to Help Bend Its Growth Trajectory Upward
Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …
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