Mastercard Inc. executives are paying close attention to a new proposal in the U.S. Congress that could alter merchant choice in routing credit card payments. Concurrently, its earnings are riding the crest of a wave that includes consumer spending and the resurgence in travel. A bipartisan bill sponsored by senators Richard …
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With a pair of U.S. Senators preparing to introduce a bill that would allow merchants to process Visa and Mastercard credit card payments over other networks, payments experts reached by Digital Transactions News are sharply divided on the idea. The bipartisan bill, sponsored by Richard Durbin, D-Ill., and Roger Marshall, …
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Waitr Holdings Inc., which is changing its name to ASAP, said it will be the exclusive mobile ordering platform for the New York Giants, New York Jets, and MetLife Stadium, the venue shared by both teams.The worldwide tokenization market is forecasted to grow from $2.6 billion in 2021 to $12.7 billion by …
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Datacap Systems Inc. said it is working with gift card provider Card Market to enable Datacap partners to order custom gift cards for Datacap Gift, Datacap’s new omnichannel gift platform.E-commerce platform Promenade Group expanded its service to include Promenade for Butchers that includes a Web site, online ordering, delivery options, marketing, back-office management, …
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Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …
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Payments provider Celero Commerce announced it is the preferred processor for the Nashville Predators of the National Hockey League.Datacap Systems Inc. and PAX Technology Inc. announced an integration partnership. Datatcap’s software is now certified on multiple PAX devices.Payments provider ACI Worldwide Inc. extended an agreement with analytics firm IR for real-time transaction monitoring.Marriott International announced …
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Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …
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Discover Financial Services saw its overall dollar volume increase 10% year-over-year in the second quarter despite a flat performance by Discover’s Pulse debit network. Riverwoods, Ill.-based Discover said late Wednesday that total payment volume in the quarter ended June 30 was $138.7 billion versus $125.6 billion in the year-earlier period. …
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In a move to streamline money movement and financial account openings for consumers, open-banking network MX Technologies Inc. on Tuesday unveiled what it calls MXapi Processor Tokens. MX enables fintechs to access consumer financial data, and helps its clients turn raw data into usable form. Token-based application programming interfaces (APIs) …
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A class of card issuers is suing Apple Inc., alleging they pay $1 billion in fees annually for inclusion in the technology company’s Apple Pay mobile wallet, while Apple maintains a monopoly on contactless payments at the point of sale for iOS devices. Filed in the U.S. District Court for the …
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