Digital Transactions Authoritative, insightful and timely information for payments professionals
The confluence of digital payments and economic hardship during the Covid-19 pandemic has led another major supermarket chain to offer SNAP EBT acceptance through its mobile app and on its Web site for curbside pickup and home-delivery orders. H-E-B, with 329 stores in Texas and another 55 in Mexico, said …
December, 2020
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22 December
Cash Now an Online Bill Pay Option at Plastiq and other Digital Transactions News briefs from 12/22/20
Bill payment provider Plastiq launched cash payments, which allows users to make any payment through a linked bank account. Plastiq already enables bill payment via credit cards.InComm Payments has launched an App Store card in Taiwan in partnership with Apple Inc. The cards are being sold through 9,500 7-Eleven and FamilyMart stores on …
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21 December
Eye on E-Commerce: PSCU Registers Big E-Commerce Gains; Digital River Aids Manufacturers in D2C Sales
Card-not-present transactions continue to grow at financial institutions that use PSCU, a credit union service organization. In its weekly report released Monday, PSCU said CNP accounted for 55.5% of credit card purchase volume and 47.9% of transactions for the week ending Dec. 13. For debit, CNP represented 43.9% of purchase …
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21 December
Scuppered Talks Between FIS And Global Payments Point to Enduring Importance of Size
Mega-merger fever hasn’t subsided in the payments industry. A combination of FIS Inc. and Global Payments Inc., which have reportedly broken off talks to merge in a deal that could be valued at $70 billion, would represent a continued push for yet more economies of scale in a business whose …
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21 December
Burger King Taps Venmo in Promotion and other Digital Transactions News briefs from 12/21/20
Fast-food chain Burger King is depositing $1 into random Venmo accounts to promote the chain’s $1 Your Way Menu, which features all items at a price of $1. Venmo is a peer-to-peer payments provider owned by PayPal Holdings Inc.Blackhawk Network said it has added a capability to order gift cards for curbside pickup …
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18 December
Debit Use Gains As Consumers Tread Through Uncertainty
A new report finds that debit card use is gaining favor among consumers compared to credit cards immediately following the national election in November. That’s according to The Future of Money Report 2020 from Logica Research. “This unprecedented year has uncovered contrasts between challenges and opportunities in the world as …
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18 December
Instacart Heralds Fast Expansion of Its Service With Aldi for SNAP EBT Grocery Orders
An integration between online delivery service Instacart and grocery chain Aldi that lets customers use government benefits to order grocery deliveries has seen fast expansion since the program launched in October. Almost 1,000 Aldi stores in 23 states plus the District of Columbia have been added to the program in recent …
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18 December
Grocer Picks Blackhawk for Gift Card Program and other Digital Transactions News briefs from 12/18/20
WinCo Foods, a grocery chain with 129 stores in the Western United States, has launched a gift card program from Blackhawk Network.Buy now, pay later service Zip announced an offer of 3% cash back on purchases on its service during the Christmas season through Jan. 8. Zip recently launched Tap & Zip, which …
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17 December
Bill Payments Account for One-Fifth of U.S. Consumer Spending, Research Shows
Household bill payments now total $2.75 trillion per year in the United States, accounting for 21% of all spending by U.S. consumers, according to a report released Thursday by doxo Inc., a provider of digital billing and payment services. The Seattle-based company’s research looks at bill payments via bank accounts …
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17 December
BitPay And Slide Mobile Look to Rewards to Spur Everyday Cryptocurrency Spending
Startup Slide Mobile is betting that consumer’s love of rewards, coupled with the growing momentum behind cryptocurrency as a contactless payment option during the Covid-19 pandemic, will entice more consumers to use its mobile-payments app. Slide announced this week it is partnering with BitPay Inc., an Atlanta-based processor that offers …