Saturday , June 15, 2024

News

June, 2024

  • 7 June

    Elavon Expands in Mass Transit With Contactless Fare Payments on Philadelphia’s SEPTA

    In a major win in the expanding market for digital payments for mass transit, Elavon Inc. said it will support contactless payments for the Southeastern Pennsylvania Transportation Authority, the seventh largest U.S. transit system with 45.6 million riders per year, according to the American Public Transportation Association. The new service, …

  • 7 June

    35% Intend To Add Faster Payments and other Digital Transactions News briefs from 6/7/24

    The U.S. Faster Payments Council released its “Faster Payments and Financial Inclusion” survey report that found that 35% of respondents did not have a faster payments integration but planned to do so. The survey canvassed 88 organizations. Technology firm EvonSys Inc. launched its Evonsys Payments Platform for cross-border transfers. The new service integrates capabilities …

  • 6 June

    Affirm Adds New Payment Options And Partners to Attract Omnichannel Merchants

    Buy now, pay later provider Affirm Holdings Inc. has expanded its payment options to include Pay in 2 and Pay in 30. The new BNPL options are intended to provide consumers with more flexibility in budgeting their monthly income, the company says. Data from the Bureau of Labor Statistics shows …

  • 6 June

    Canadian Customers Are Losing Enthusiasm for Credit Card And Banking Apps And Sites

    Banks and credit card companies have launched online services and mobile apps over the years to reinforce ties to their most valuable customers and win new ones. But, in Canada at least, that effort is hitting a brick wall, a series of new reports from J.D. Power indicates. While Canadian …

  • 6 June

    The Best Tipping State and other Digital Transactions News briefs from 6/6/24

    Toast Inc., a provider of pay-at-table payments devices for the hospitality market, reported data derived from 112,000 restaurant locations in its Q1 2024 Restaurant Trends Report. Among the results: Tipping is most generous in Delaware, where it averages 22.1% of the bill. Mastercard Inc. said it is integrating Deposit Switch and …

  • 5 June

    Is eBay’s Decision to Drop AmEx a Ploy To Negotiate Lower Acceptance Costs?

    EBay Inc.’s decision to stop accepting American Express cards effective Aug. 17 is generating big headlines, but some payments-industry experts question whether the decision is really a tactic to negotiate a lower interchange rate from the travel-and-entertainment card giant, given that eBay says it won’t stop accepting AmEx for about …

  • 5 June

    Adyen’s Payment Tech Finds a Home at Prada

    Italian fashion house Prada is adopting omnichannel payments technology from Adyen NV in a bid to build a single financial technology platform across all its retail channels. Tap to Pay on iPhone in Prada’s U.S. locations and its Milan store is a centerpiece of the partnership, Adyen says, and potentially …

  • 5 June

    CFPB Lays Out Open Banking Standard Steps and other Digital Transactions News briefs from 6/5/24

    The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking. Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications …

  • 4 June

    Enable Payments Across Any Platform with Payarc: Your Gateway to Superior Payments Services

    In the ever-evolving realm of payment processing, independent sales agents require more than just a partner – they need a strategic ally who understands their challenges and provides tailored solutions to propel them forward. Enter Payarc, a game-changer in the industry, offering unmatched support and opportunities that set agents apart …

  • 4 June

    Eye on POS: With Cheq, Cantaloupe Furthers Its Push Into Sports Venues; InterPayments Launches Surcharging Tech

    Cantaloupe Inc. announced early Tuesday it will install its Cheq point-of-sale platform at professional soccer club Detroit City FC’s home stadium for all games and live events. Cantaloupe will begin providing POS services at the stadium in June as part of a multi-year deal. The deal builds on Cantaloupe’s acquisition …

Digital Transactions