Tuesday , January 19, 2021

News

December, 2020

  • 23 December

    PayPal Lines up Early to Help Stimulus Recipients Turn Their Checks Into Ready Cash

    With a second round of federal stimulus payments having passed Congress, payments firms are lining up to help recipients speed the funds’ availability. PayPal Holdings Inc., for example, said late Tuesday it will waive the fees for stimulus recipients that it normally charges consumers to cash checks using its app. …

  • 23 December

    Grocer Picks NCR POS System and other Digital Transactions News briefs from 12/23/20

    NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …

  • 22 December

    Why ControlScan Sold Itself in Separate Deals To PDI And Sysnet

    ControlScan Inc., a major provider of PCI compliance and security services, has sold its business in two separate deals to Professional Datasolutions Inc. and Sysnet Global Solutions, respectively. PDI has purchased ControlScan’s Managed Security Services unit and Sysnet has acquired the company’s Managed Compliance Services Unit.  Sysnet also acquired the …

  • 22 December

    Texas Grocer H-E-B Offers SNAP Acceptance for Curbside Pickup And Home Delivery

    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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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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