Canada-based processor Nuvei Corp. announced an expansion of its Google Pay offering to merchants throughout Latin America. The company already offers the wallet in the U.S., European, Asia-Pacific, and Australian markets. Grocery e-commerce platform eGrowcery said it and Forage, a payments provider that can process online EBT SNAP payments, are working on a service …
Read More »Bank of America Completes Paze Enablement
Consumers holding Bank of America Corp. credit and debit cards now have access to the Paze online checkout following BofA’s declaration that all of its eligible cards are now enabled for the e-commerce service. Paze is an online-checkout service developed by Early Warning Services LLC. It is designed to provide …
Read More »Cyber Weekend Sales up 5.7%, Fiserv Says and other Digital Transactions News briefs from 12/6/24
Same-store sales volume rose 5.7% and transactions were up 6.7% during the days from Nov. 27 and Dec. 2 compared to the same week last year, according to the 2024 Thanksgiving Holiday Insights report from Fiserv Inc. Illinois-based payments provider Payroc will work with Sunday, a restaurant point-of-sale technology provider, to offer the …
Read More »Diebold Nixdorf’s Windows 11 ATM Move and other Digital Transactions News briefs from 12/4/24
ATM maker Diebold Nixdorf Inc. said two bank clients in Central Asia are the first to launch ATMs using Microsoft Windows 11. Block Inc.’s trio of payments platforms—Square, Afterpay, and Cash App—processed a record 144 million consumer transactions over the Black Friday through Cyber Monday period, up 17% from the same time …
Read More »46% of SMBs Using Credit Cards Are Better Off Now Than a Year Ago
The latest J.D. Power U.S. Small Business Credit Card Satisfaction Study finds that 46% of small businesses that use credit cards say their financial state is better than it was a year ago, with most—49%—describing it as about the same. The study delved into how small businesses use credit cards, …
Read More »The U.S. Is Number One…in Breached Card Details
A new report from Surfshark, a provider of virtual private network services, finds that the United States far outpaces the top nine other major economies when it comes to the rate of breached payment card details. Based on 5.7 million payment card data points that have been compromised since 2004, …
Read More »Illinois’s Interchange Law Will Distort Card Payment Economics, a Report Says
If the Illinois Interchange Fee Prohibition Act survives the legal challenges it faces, the law would “create significant market distortions,” says a recent report from the International Center for Law & Economics, a Portland, Ore.-based nonprofit research and policy center. Some of the most significant impacts on the market, according …
Read More »Has the CCCA Reached the End of the Road?
With the odds against the Credit Card Competition Act coming to a vote before the current Congress adjourns growing by the day, the bill’s future appears bleak. Prospects that the bill might advance received a major blow last week as Sen. Thom Tillis said during a Senate Judiciary Committee hearing …
Read More »Credit and Debit Travel Faves and other Digital Transactions News briefs from 11/25/24
Some 79% of airline passengers globally use debit and credit cards for all or most airline travel, but digital wallets and instant payments are gaining ground, according to “Online Airline Booking Insights 2024,” a report from ResearchAndMarkets.com. Some 72% of passengers book most of their trips online. Nearly two-thirds of U.S. …
Read More »With Work, Many Merchants Could Be Compliant with New Click to Cancel Rule
Consumers irked by the difficulty of unenrolling from some subscription services will gain relief May 14, when merchants must be compliant with the Federal Trade Commission’s revised Negative Option Role, otherwise known as click to cancel. Merchants, however, have a lot of work between now and then. The rule, which …
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