Digital Transactions Authoritative, insightful and timely information for payments professionals
Card manufacturer CPI Card Group Inc. reported $105.9 million in third-quarter revenue, a 15% decrease from $124.6 million in the 2022 third quarter. It had a profit of $3.9 million, a 67.2% decrease from $11.9 million a year ago. Cautious consumer spending and a focus on managing inventory levels likely had an …
November, 2023
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3 November
Acquirers Seek Answers from a Visa Surcharging Executive
More than 10 years after Visa Inc. wrote its rules permitting surcharging on its credit cards, questions remain among acquirers, especially those selling or considering surcharge programs for their merchants. Now, as more merchants mull surcharge or cash-discount programs to alleviate some of their card-acceptance costs, and with recent changes …
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1 November
In His First Earnings Call As PayPal’s New Boss, Alex Chriss Leaves No Doubt Who’s in Charge
Most new corporate chiefs keep a low profile for a time, perhaps tweaking their predecessors’ strategies but announcing few major changes. Not so Alex Chriss. PayPal Holdings Inc.’s new CEO, who took over Sept. 27 from long-time chief Dan Schulman, took the opportunity of his new company’s third-quarter earnings call …
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1 November
When It Comes To Workplace Incentives, Employees Prefer Gift Cards
Gift cards are becoming a popular employee incentive, Fiserv Inc.’s “Q4 2023 Gift Card Survey” finds. Some 80% of respondents say they would prefer a gift card as a reward from their employer, while 9% say they would prefer an event or outing, and 11% would prefer some other type …
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1 November
Wellfit’s Dental Work And Other Digital Transactions News briefs from 11/1/23
Wellfit Technologies Inc. said it will provide payment processing, patient financing, and other services under a new agreement with Patterson Dental’s network of clinics. RentSpree, a management platform for landlords, announced it has reached 2 million users, doubling its user count in less than two years. The service enables rent payments …
October, 2023
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31 October
Dwolla’s Latest Integration Is a Deeper Dive Into Open Banking Technology
The payments-technology provider Dwolla Inc. has integrated its Dwolla Connect platform for account-to-account payments in open finance. The integration will enable Dwolla Connect clients to transfer open-finance data to the Dwolla platform, the company says. As a result, financial institutions and third-party open-banking providers, such as Plaid Inc. and MX …
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31 October
Merchants Will Be the Winners in the Fed’s Debit Scheme, Global’s Boss Says
Observers of the payments industry who wonder how the Federal Reserve’s proposed rate reductions for debit card acceptance might be received by the nation’s biggest processors heard an unequivocal answer early Tuesday from at least one of them. “Any time the cost of acceptance goes down, it’s a positive for …
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31 October
Western Union’s Paysend Deal And Other Digital Transactions News briefs from 10/31/23
The Western Union Co. announced customers will be able to send money via the company’s digital service directly to Visa and Mastercard cards through an integration with Paysend, a card-to-card payments platform. Lightspeed Commerce Inc. launched several new features including artificial intelligence-assisted menu creation, better insights into popular items, staff performance tools, …
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30 October
Eye on POS: Nayax Acquires Retail Pro; Lightspeed Expands Price Matching Globally
Two point-of-sale companies have separately taken steps to boost their competitiveness, one with an acquisition and the other in a marketing expansion. Payments platform Nayax Ltd. says it will acquire Folsom, Calif.-based Retail Pro International in a $36.5-million deal. Expected to close in the fourth quarter, the deal will expand …
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30 October
Virgin Atlantic Taps Elavon And Other Digital Transactions News briefs from 10/30/23
Payments processor Elavon announced its global acquiring multi-currency conversion services will support transactions for the airline Virgin Atlantic. Elavon, a unit of U.S. Bancorp, says it serves more than 100 airlines among its client base. Canadian banking giant BMO said it will begin offering Visa Inc.’s Installments payments service next year. Visa launched Installments …
