Sunday , October 25, 2020


October, 2020

  • 15 October

    E-Commerce Will Flourish This Holiday Season, But Watch Out for Fraud, ACI Warns

    The economy may have fallen into recession, but processors and online stores can expect a healthy holiday season this year, according to projections released Thursday by ACI Worldwide Inc. The Naples, Fla.-based payments provider said e-commerce transactions will jump 27% globally in the fourth quarter compared to the same period …

  • 15 October

    Covid-19’s Long Shadow Is Prompting a Rise in Gift Card Sales, Including Digital Cards

    With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …

  • 15 October

    Ziosk Expands Its Device Platform and other Digital Transactions News briefs from 10/15/20

    Restaurant technology specialist Ziosk expanded its Ziosk Platform to now include a Quick Response code service for contactless menu browsing, ordering, and payment. It also includes handheld and integration models of its service. Ziosk said the average use rate for its original devices is 92%, an average increase of almost 30% since …

  • 14 October

    In One of Its First Post-SoFi Deals, Galileo Adds $7 Billion in Transaction Processing Via Fintech Save

    Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts.  Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …

  • 14 October

    A Pilot Is Coming for FedNow, But Some Question the Fed’s Deliberate Pace

    The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …

  • 14 October

    Western Union Extends Kroger Deal and other Digital Transactions News briefs from 10/14/20

    The Western Union Co. has extended an agreement with grocer The Kroger Co. to offer Western Union payment services at Kroger stores.Parking-app provider ParkMobile LLC announced an agreement with Diamond Parking to expand usage of the app to some 2,000 parking spots in more than 40 locations in San Diego. The app claims nearly 100,000 …

  • 13 October

    ATMIA Deplores ‘Fearmongering’ in Press Coverage of Covid Risk at ATMs

    With ATM transaction volumes in bank branches returning to near pre-Covid-19 levels, the ATM Industry Association Tuesday issued a statement decrying media coverage regarding the risk of infection from ATM use. The issue centers on a study by the Commonwealth Scientific and Industrial Research Organisation and the Australian Centre for …

  • 13 October

    In a Crowded Field, Afterpay Brings Its Buy Now, Pay Later Service to the Cash Register

    Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …

  • 13 October

    PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20

    PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …

  • 12 October

    Amazon Prime Day Will Generate Nearly $10 Billion in Sales in an E-Commerce Extravaganza

    After a more than two-month delay, Amazon Prime Day is poised to officially kick off early Tuesday. The two-day event, which was created to boost Prime memberships, will generate $9.91 billion in sales worldwide for Amazon, up 43% from last year’s event, according to the latest forecast from research firm …

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