The big processor FIS Inc. launched Worldpay for Platforms, a service that lets software providers speed up access to FIS’s Worldpay processing unit while onboarding small and medium-size merchants.PayMyTuition, a payments platform for colleges and universities, launched a cashiering module that lets schools set up multiple cashier stations to process campus payments …
Read More »Bread Teams Up With Marqeta to Strengthen Its BNPL Hand
Seeking to beef up its buy now, pay later offering, Bread Financial on Monday launched the Bread Pay One-Time Use Card, a virtual credit card that allows consumers to pay for purchases in four installments. The card, which will be issued by Marqeta Inc., can be used by consumers for …
Read More »The Card Networks’ Move on Gun Data Raises As Many Questions As Answers
The decision over the weekend by three of the nation’s largest payments networks to introduce a new category code for gun shops could raise more questions for the payments industry than answers. The move by American Express Co., Mastercard Inc., and Visa Inc. would for the first time create a …
Read More »Lavu Partners With Up ‘n Go; BofA’s Payments Data And Other Digital Transactions News briefs from 9/9/22
Lavu, a payments-technology provider specializing in restaurants, said it is partnering with Up ‘n Go, a vendor of contactless-payment technology based on QR codes, for pay-at-table checkouts.Data from the Bank of America Institute indicate overall consumer spending seen by the big bank in August was up 13% over the same month in …
Read More »Zelle’s Big Results; Square’s Canada Gambit And Other Digital Transactions News briefs from 9/8/22
Block Inc.’s Square unit announced it has integrated accounting software from Sage into its point-of-sale software in Canada.A fintech called DailyPay launched a Visa-branded card called Friday that allows users to access earned pay before payday. The card is issued by The Bancorp Bank.Insurance-industry payments network ePayPolicy launched CheckMate, a facility that converts paper checks into …
Read More »The UK Fends off Fraud And Other Digital Transactions News briefs from 9/6/22
A study of fraud losses in European countries by FICO indicates the United Kingdom cut losses by 49 million pounds last year, the most of any European country, according to the 2021 European Fraud Map from FICO, a predictive-analytics company.Checkout-technology provider Bolt launched Checkout Links, which it says enables consumers to check out …
Read More »Retailers Are Getting Better at Managing Gift Card Programs, a Report Finds
Grocers and home-improvement retailers may have something to take pride in. These two merchant categories are among the most improved in terms of managing their gift card programs. That’s the insight from the fifth 2022 Merchant Gift Card Omnicommerce Evaluation–U.S. Edition released by Blackhawk Network Holdings Inc. The rankings of …
Read More »First National Bank of Omaha Launches a Virtual Credit Card Program
First National Bank of Omaha Tuesday gave the trend of virtual card issuing a boost with the launch of Bend, a suite of embedded open, application programming interfaces that enable the integration of financial services, such as customized virtual cards, into existing environments. Brands can use Bend to roll out …
Read More »The Digital Dollar Project Launches a ‘Sandbox’ to Explore the Technology for a U.S. CBDC
While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …
Read More »Pet Supplies Plus Picks Adyen And Other Digital Transactions News briefs from 8/31/22
Pet Supplies Plus, an operator or franchisor of more than 600 pet stores in North America, chose Adyen NV to process online and in-store payments.Plug’n Play Technologies, a provider of e-commerce technologies, said it has implemented a platform from Authvia that allows stores to request and receive payments via messaging, text, and chat services.Mercury …
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