Marketing

While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …

Banking giant Bank of America Corp. reported combined credit and debit card volume of $228.9 billion for the fourth quarter, up 3% year-over-year. The number of BofA users of the Zelle peer-to-peer payments network grew 18% to 21.5 million, while Zelle volume climbed 25% to $101 billion. Late in 2021, the …

Web services and payments provider GoDaddy Inc. released its Tap to Pay on Android point-of-sale service for merchants, complementing the Tap to Pay on iPhone technology it already offers. Tap to Pay on Android enables merchants to use consumer-grade smart phones as contactless payment-acceptance devices without a need for separate …

X, the social network formerly known as Twitter, announced in a Tuesday blog post it will launch peer-to-peer payments this year, “unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place.” Payments provider VizyPay announced it processed $1.8 billion in …

The hotly competitive point-of-sale technology arena just got more so with the launch of Elo Pay and an accompanying POS terminal from Elo Touch Solutions Inc. Coming from Milpitas, Calif.-based Elo, Elo Pay provides payment acceptance, encryption, tokenization, and terminal-management tools in one service. Elo Pay also offers remote key …

Hospitality point-of-sale system provider GoTab Inc.’s latest product, billed as Phone Only POS, accepts payments on consumer-grade smart phones. It also makes it easier for consumers to pay at the table, GoTab says. The service enables clients to accept contactless credit or debit cards for payment without the need of …

Online shoppers in the United States spent a record $222.1 billion during the holiday shopping season that ran between Nov. 1 and Dec. 31, a 4.9%increase from the same period a year earlier, according to Adobe Analytics. November was a strong month for online holiday purchases, with consumers spending $123.5 billion …

Visa Inc. launched its Web3 Loyalty Engagement Solution, a platform that enables rewards for consumers who interact with businesses on digital platforms. Vetster, a telehealth provider for veterinary care, announced it is expanding its services in California to include online diagnosis and prescriptions, with online payments. Reacting to heightened check fraud, …

RDE Inc., owner of Restaurant.com, a popular dining-deals site, has closed on its acquisition of CardCash Exchange LLC, operator of CardCash.com, a secondary gift card marketplace. The deal advances RDE’s presence in gift cards for consumers and merchants. The combined business accounted for more than $100 million in revenue in …

Overfuel, a provider of online payments for automobile dealerships, has integrated credit reporting from 700Credit LLC to allow users to prequalify for credit on a dealer’s Web site or on a mobile phone. Accounting platform Data Plus is teaming with Edenred Pay, a back-end payments provider for the hospitality industry, to launch …