July 28, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Checks, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Real-time Payments, Transaction Processing
Mastercard Inc. is offering some concessions in its bid to win approval from European Union competition authorities for its planned $3.2 billion acquisition of major parts of Denmark-based payment processor Nets Group, Reuters reported.California’s Department of Motor Vehicles selected payments provider Forte Payment Systems to oversee the DMV’s e-check verification process.Digital-banking technology provider Tyfone Inc. has …
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July 27, 2020
Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Pricing, Transaction Processing
The big card networks have been introducing a one-click e-commerce checkout and plan to take it overseas by next year, but now a Ripple Labs Inc. executive may beat them to the punch with a single-click capability for Ripple’s XRP cryptocurrency. In what he characterizes as a “personal project,” Ripple director …
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July 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Marketing, Point-of-sale, Transaction Processing
American Express Co. felt the full brunt of the global Covid-19 pandemic in the opening weeks of the second quarter, and on Friday it released numbers showing just how hard the swoon in travel and other key sectors hit the company. Executives also took time on a conference call with …
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July 23, 2020
Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Pricing, Transaction Processing
Expanding on an initiative it began April that offered free listings for some merchants, search-engine leader Google on Thursday announced a test that charges zero-percent commissions to online sellers when they sell a product through its Shopping Actions service. In addition, sellers can use Shopify Inc.’s payment service as well …
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July 23, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Near-Field Communication (NFC), Transaction Processing
Some 75% of U.S. cardholders prefer contactless cards to card swipe, mobile payment, inserting a chip card, and cash, according to a survey of 1,000 cardholders by card-technology specialist Entrust Datacard.Alliance Data Systems Corp., a provider of private-label card programs, reported a 27% year-over-year drop in revenue for the second quarter to …
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July 22, 2020
Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Transaction Processing
The installment-payment movement has gained the big e-commerce services provider Shopify Inc. as a convert with Wednesday’s announcement that Shopify will offer a credit option to its U.S. customers through Affirm Inc. San Francisco-based Affirm, an online credit-services provider, said approved Shop Pay customers at checkout will be able to …
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July 22, 2020
Acquiring, Competitive Strategies, Debit Cards, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
Sales at small businesses included in the CardFlight Small Business Impact Report for July 22 experienced a 2.6% increase in sales week-over-week and are 25% above the baseline week of March 2-8. Food and drink sales were up 4.5% for the week and retail sales increased 4% week-over-week.Wells Fargo & Co. launched My …
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July 21, 2020
Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Point-of-sale, Transaction Processing
The hits merchants are taking from the Covid-19 pandemic were apparent in the second-quarter financial results the big retail and cobranded card issuer Synchrony Financial reported Tuesday, results which include a 19% year-over-year drop in purchase volume. Stamford, Conn.-based Synchrony posted purchase volume of $31.2 billion versus $38.3 billion in …
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July 21, 2020
Acquiring, Competitive Strategies, Marketing, Point-of-sale, Transaction Processing
Cloud-based point-of-sale systems continue to gain share among merchants. In the latest news, Revel Systems said Moe’s Southwest Grill will install its cloud-based point-of-sale system in its more than 700 restaurants, and NCR Corp. said the Bashas Family of Stores grocery chain is rolling out NCR Emerald at all of …
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July 21, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Marketing, Point-of-sale, Pricing, Transaction Processing
Coffee king Starbucks Corp. announced new options beginning this fall for earning loyalty points, or stars, in the Starbucks Rewards program without paying with a registered Starbucks physical card or card loaded into the Starbucks mobile app. The options to be available at company-owned stores in the United States and Canada will …
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