Saturday , April 17, 2021

Mobile Wallets

As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental

More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments Index for April. Released Thursday, the index shows that debit card use accounted for 35% …

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Nuvei To Acquire Mazooma for $56 Million and other Digital Transactions News briefs from 4/16/21

Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and …

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OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments

The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are home to amateur baseball teams operated by National Sports Services. As part of the deal, …

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Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in

Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to gain a pre-authorization against a credit or debit card using the diner’s own device.  Boston-based Toast also made …

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More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash

More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection service sent a letter Monday to members of Congress, governors, and state legislators around the country warning about the …

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A Mastercard Report Estimates As Much As 30% of the Shift to Digital Payments Is Permanent

That the shift toward digital forms of payment was accelerated by the pandemic has been duly noted over the past year, but how much of that change will stick once the U.S. market and the rest of the world gets beyond Covid? Not all of it by any means, but …

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Brinks Acquires PAI and other Digital Transactions News briefs from 4/6/21

The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …

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Paysafe’s New Loyalty Program and other Digital Transactions News briefs from 4/1/21

Paysafe Group Holdings Ltd. has launched Neteller Knect, a loyalty program for users of its Neteller digital wallet. The program is active in more than 100 countries. Paysafe earlier this week went public via its merger with Foley Trasimene Acquisition Corp. II.Sightline Payments, a startup specializing in payments for the gaming, lottery, and …

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PayPal Takes the Next Step in its Cryptocurrency Odyssey: Merchant Acceptance

Continuing its push to make cryptocurrency a mainstream payment option, PayPal Holdings, Inc. on Monday announced that it will accept cryptocurrency at checkout.  The move builds on PayPal’s strategy of increasing the utility of cryptocurrency so it can become a mainstream payment option. PayPal took the first step in that …

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Walgreens Banks on InComm and other Digital Transactions News briefs from 3/30/21

The Walgreens pharmacy chain said it will launch a bank-account offering through payments provider InComm Payments that will also feature a MetaBank-issued Mastercard debit card that will allow users to earn rewards through the Walgreens loyalty program. The pharmacy chain will also re-launch its gift card program through InComm.In related news, InComm …

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Digital Transactions