News

August, 2023

• 21 August

  The U.K.’s Paysend Eyes U.S. P2P Payments Among Hispanics

  

  Paysend Group is embarking on a campaign to make its name known among U.S. Hispanic peer-to-peer payments users with an advertising campaign and an offer of fee-free money transfers to Latin America, at least initially. Having opened a U.S. office in 2022, London-based Paysend hopes its advertising campaign, which debuts …
• 21 August

  Five Star’s Tap-to-Pay on iPhone And Other Digital Transactions News briefs from 8/21/23

  

  Community financial institution Five Star Bank launched tap-to-pay on iPhone capability for its business clients, allowing merchants to accept contactless payments directly on their iPhones. Fluency, a provider of technology for central bank digital currencies, said it has been selected by Mastercard Inc. to work with the card network on CBDC initiatives. Payments provider Novo …
• 18 August

  Contactless And Mobile Wallets Are Gaining Ground Among Debit Users, a Pulse Study Finds

  

  Consumer affinity for in-person transactions that reduce points of contact are taking hold as contactless payments made with debit cards swelled to 16% of the U.S. card-present share last year from 8% in 2021. It’s a similar story with debit cards used with mobile wallets. Their use increased from 5% …
• 18 August

  Presto Counts 13 QSR Franchisee Groups Using Its AI-Based Ordering System

  

  Presto Automation Inc., a provider of artificial intelligence-based voice-ordering systems for quick service restaurants with drive-through windows, announced it now has deals with 13 QSR franchise groups that own and operate more than 500 locations nationwide. All 13 groups have committed to begin deploying Presto Voice, Presto’s Presto’s in-house, proprietary …
• 18 August

  Citizens Pay Adds Apple POS Financing Option And Other Digital Transactions News briefs from 8/18/23

  

  Upgraded, a service that lets Apple MacBook buyers pay over time, announced it is launching in the United States in a partnership with Citizens Pay, a point-of-sale financing service of Citizens Bank. Adyen NV, a Dutch payments platform that competes in the U.S. market against companies like Stripe, Fiserv, PayPal, …
• 17 August

  As Consumer Credit Card Debt Rises, Satisfaction With Card Rewards Declines

  

  As consumers take on increasing amounts of credit card debt, their satisfaction with credit card rewards and loyalty programs is eroding. That’s according to a report released Thursday by J.D. Power. The decline in satisfaction is being driven by consumers’ perception of the rewards earned per dollar spent, especially among …
• 17 August

  Discover’s Management Stresses New Action on Merchant And Banking Issues

  

  Discover Financial Inc.’s top brass early Thursday stressed that the company’s top priorities are regulatory compliance, customer experience, and long-term growth. The declaration, from temporary chief executive John Owen, was meant to reassure equity analysts and came in the wake of merchant-overcharge and banking-compliance issues that led up to the …
• 17 August

  Debit Use up 1% in 2022 And Other Digital Transactions News briefs from 8/17/23

  

  Pulse, the debit network owned by Discover Financial Services, released its 2023 debit study that found the total number of debit transactions increased 1% in 2022 over 2021, while dollar volume increased 3% for the same period. Fraud and risk platform DataVisor released its Real-Time Payments Fraud Solution to help counter fraud …
• 16 August

  Baywood Hotels Adds Digital Tipping Capabilities for Its Guests

  

  Baywood Hotels Inc. is making eTip’s cashless mobile-tipping technology available across its entire portfolio of properties, which include Hilton, Marriott, IHG, and Choice hotels. ETip enables consumers to digitally tip hotel workers by scanning a QR code with their mobile phone. That opens the eTip app directly in their phone’s …
• 16 August

  An Embedded Pricing Tool from TSG Aims for Fine Tuning

  

  TSG, a payments advisory firm, released a service to help merchant acquirers and software vendors optimize pricing for merchants. Dubbed the Embedded Pricing Tool, it can help acquirers and software vendors get pricing right without over- or under-pricing merchants. Pricing data comes from the TSG database in its Acquiring Industry …