Thursday , November 26, 2020

News

November, 2020

  • 3 November

    MagTek’s New DynaFlex Targets Payment Acceptance Flexibility

    MagTek Inc. released its DynaFlex platform. Announced Tuesday, the platform can serve as a countertop or mobile device, be mounted to a tablet, or affixed to a standalone kiosk.  Designed to work with multiple configurations, DynaFlex is compatible with Windows and Android devices. It can accept payment via magstripe, EMV …

  • 3 November

    CPI Card Sales up 22% and other Digital Transactions News briefs from 11/3/20

    Payment card manufacturer CPI Card Group Inc. said net sales of debit and credit cards grew 22% year-over-year to $62.7 million in the third quarter. Net sales of prepaid debit cards dipped 1% to $20.6 million. For the nine months through September, credit and debit card sales rose 19% to $180.9 million, …

  • 2 November

    PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

    PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …

  • 2 November

    Zelle Logs Double-Digit Increases As Consumers And Businesses Contend With Covid-19

    Spurred by consumers’ need to send money to family and friends during the Covid-19 pandemic and an increasing number of financial institutions being onboarded, the Zelle peer-to-peer payment network announced Monday it processed $84 billion in transactions during the third quarter of 2020, up 18% from the second quarter. Consumers …

  • 2 November

    With Real-Time Networks on the Way, Processors Prepare to Give Businesses a Piece of the Action

    As consumers adopt real-time payments in the coming years, payments providers are expecting businesses large and small to follow suit. News released Monday indicates preparations are already under way. Canadian processor Everlink Payments Services Inc. and Fintainium Inc., a Jacksonville, Fla.-based developer of cloud-based technologies for financial institutions, have agreed …

  • 2 November

    Tapped Debit Purchases at $20.53 Average and other Digital Transactions News briefs from 11/2/20

    The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …

October, 2020

  • 30 October

    Eye on BNPL: Splitit Will Test Visa’s Installment API And Sezzle Doubles Its Staff

    The buy now, pay later payment option continues to barrel ahead as Covid-weary consumers seek new sources of credit at the point of sale. In the latest news, Splitit Payments Ltd., said it is testing the integration of a Visa Inc. application programming interface for installment payments and Sezzle Inc. …

  • 30 October

    COMMENTARY: In the Age of Covid, It’s Time For Retailers to Shift to Digital Offers

    Covid-19 has been highly disruptive to the U.S. retail sector, with research estimating sales will fall by 10.5% this year. The same forecast suggests small, mainly brick-and-mortar retailers will see a 14% drop in sales. Even now, months after the pandemic’s first appearance in the U.S market, forty-five percent of …

  • 30 October

    Western Union P2P Transactions up 6% and other Digital Transactions News briefs from 10/30/20

    The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …

  • 29 October

    Clover Combines Ordering And Payment With Its QR Code Technology

    Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and …

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