Discover Network said it has allied with fintech Car IQ to develop a payment platform to enable automotive fleets to conduct in-car transactions through the Discover global network.In announcing its latest smart watch, Fitbit Sense, Fitbit says its Fitbit Pay digital wallet is included for contactless transactions, a feature the company says plays …
Read More »MagicCube Looks to Expansion as Contactless Grows And Fresh Investment Pours in
With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportunities stemming from the trend. One technology that could get a boost is software that can turn any off-the-shelf smart phone into a payment-acceptance device, a development the major card …
Read More »Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, And Investing Apps
With underbanked consumers and gig workers looking for financial products to help them track spending, create savings, and manage debt, many financial-technology companies are layering debit products onto their core application to attract and retain customers. A driving force behind fintechs’ growing fondness for debit is that it is a …
Read More »E-Commerce Sales Jump 87% in July, Report Finds
Consumers shopping online in July purchased a lot more products associated with home-based and outdoor activities, contributing to an 87% increase year-over-year in sales for the month. That’s one data point from the Signifyd E-Commerce Pulse Report for July released this week. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company …
Read More »Paystand Business Clients up 40% and Other Digital Transactions News Briefs from 8/21/20
Blockchain-based business-to-business payments platform Paystand Inc. reported its service now supports 140,000 businesses, up 40% year-over-year, including 150 new enterprise clients. It also said its revenue has grown 1007% over the past three years.Cryptocurrency provider PayFBit announced it is organizing an initial coin offering to help fund the company, which offers a wallet, peer-to-peer …
Read More »Payments Will Help Lead a Post-Pandemic Rebound, a New Report Argues
Payments are expected to play a significant role in the economic recovery that will take place as the Covid-19 pandemic eases, says a new report from Boston-based Aite Group. The ways payments can help jump-start the economic recovery include reducing friction at the point-of-sale, increasing payment access, and integrating the …
Read More »TransferWise Expands Mastercard Deal and other Digital Transactions News briefs from 8/20/20
Under an expanded agreement, cross-border payments specialist TransferWise Ltd. will issue Mastercard debit cards in any market globally where Mastercard is accepted and TransferWise is licensed. TransferWise has issued more than 1 million cards globally since the agreement commenced in Europe in 2018.Consumer satisfaction with credit card issuers is plummeting as the Covid-19 pandemic …
Read More »Blackhawk To Distribute Covid-19 Relief Cards and other Digital Transactions News briefs from 8/19/20
Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …
Read More »How Map App Waze Is Forging a Link Between Mobile Payments And Loyalty at the Pump
Now that Google’s Waze app has embedded a payment option into its software, the integration of navigation apps and payments and loyalty at the pump is under way, experts tell Digital Transactions News. Last week, Waze announced it has integrated an option that consumers can use to pay at the …
Read More »Walmart’s Online Sales Soar 97% and other Digital Transactions News briefs from 8/18/20
Walmart Inc. reported its U.S. e-commerce sales increased 97% year-over-year in the June quarter.Card-issuing platform Marqeta Inc. has released Marqeta 3D Secure to help issuers combat online fraud and meet regulatory requirements in certain markets. 3D Secure is an authentication protocol developed by the major card networks.Cardknox Development Inc. announced its payments gateway is …
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