American Express Co. expects its pilot program enabling cardholders to add their payment information at participating online merchants will please cardholders and make for smoother checkouts. The pilot, announced Thursday, allows AmEx cardholders to add or update their card information and store it for use at a participating merchant through …
Read More »Chase Email Readies Cardholders for Paze and other Digital Transactions News Briefs from 9/6/24
Chase emailed its cardholders Friday that it will soon offer Paze, a new online checkout service from Early Warning Services LLC, and that eligible Chase credit and debit cards will be linked to Paze. The bank will notify cardholders when Paze is ready for use. Chase also provided the option to opt …
Read More »With Paysemble, Opus Looks to Simplify Payment App Integration
Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …
Read More »Eye on Processing: EMS’s LegitScript Tie-in for Health Care; Insurer Picks InvoiceCloud for Billing and Payment Improvements
Electronic Merchant Systems LLC is teaming up with LegitScript to give its health-care merchants access to a certification tag, while InvoiceCloud says Western National Insurance Group picked it for a new digital-payment and policyholder-relations service. Cleveland-based EMS, which processes approximately $6 billion in annual volume for 25,000 merchants, says the …
Read More »U.S. Bank’s New Smartly Card and other Digital Transactions News briefs from 9/4/24
U.S. Bank said it is launching two new products, the Smartly Visa Signature card and the Smartly Savings account. The former offers as much as 4% cash back on transactions. Some 48% of consumers in the U.S. market are using digital wallets for payments, up from 38% in 2021, according to …
Read More »Jack Henry Partners With Moov to Streamline Payments for Small Businesses
Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …
Read More »Fiserv SMB Index Flat and other Digital Transactions News briefs from 9/3/24
The Small Business Index from the big processor Fiserv Inc. stood at 141 in August, with no change from July. Year-over-year, small-business sales were up 1.6%, while total transactions grew 5.7%, according to the Index. The research is based on in-store and online transaction data from roughly 2 million U.S. small businesses, …
Read More »A Spend Card from Visa and other Digital Transactions News briefs from 8/30/24
Keys Inc., a technology platform for locksmiths, has launched the Keys Visa Spend Card, issued by Celtic Bank. The card allows locksmiths to receive earnings instantly, with processing by Stripe Inc. Payments-technology provider Transcard said it worked with the University of Tennessee Athletics Department to gain naming rights for and launch the …
Read More »PayPal Looks to Fiserv To Smooth Connectivity to Its Payment Options, Including Fastlane
PayPal Holdings Inc. has expanded its relationship with the big processor Fiserv Inc. to make its payment options more readily available to Fiserv clients in the United States. The move with Fiserv is expected to simplify connectivity for Fiserv clients to PayPal and Venmo payment apps and make it easier …
Read More »Affirm’s Stock Rises As the BNPL Giant Reports Improved Results
Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …
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