Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments based on QR codes went live Monday at 8,200 CVS Pharmacy stores nationwide, the largest such deployment so far in the U.S. market and a major step forward for PayPal Holdings Inc., which announced in July its plans to enable the technology for CVS and other chains. With the …
November, 2020
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16 November
Chase Adds BNPL Option and other Digital Transactions New briefs from 11/16/20
JPMorgan Chase & Co. is the latest to join the buy now, pay later trend with “My Chase Plan,” which allows holders of Chase consumer credit cards to pay off purchases over time with no interest. A monthly fee applies.Debit card use in mobile wallets soared 58.6% for the week ending …
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13 November
Priority Cites Platform Differentiation As Key to Better Results Amid the Pandemic
Priority Technology Holdings Inc.’s third-quarter results have improved from a year ago, despite the Covid-19 pandemic generally weighing on the economy. The Alpharetta, Ga.-based payments provider said it had $109 million in third-quarter revenue, up 16.1% from $93.9 million in the same quarter in 2019. Its net income of $85.7 million …
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13 November
Visa Makes Another Investment in Lisnr and other Digital Transactions News briefs from 11/13/20
Visa Inc. has invested an undisclosed sum in Lisnr Inc., an 8-year-old startup whose technology enables mobile payments via sound waves. The fresh investment follows an initial funding Visa made in the company a year ago.Century Business Solutions said its EBizCharge payment service is certified for the Sage Intacct Marketplace to be …
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12 November
Small Business Transaction Update and other Digital Transactions News briefs from 11/12/20
Card-present and card-not-present transactions for small businesses in the CardFlight Small Business Report for Nov. 11 held steady from the week prior. Card-present transactions stood at 14.6% of sales, compared to 12.9% the week before. Card-not-present transactions were at 38.4%, compared with 37.2% a week earlier.MerchantE, a provider of technology to merchants …
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11 November
InComm Teams With MoCaFi to Offer Free Reloads to Unbanked Prepaid Card Users
Payment technology provider InComm Payments is partnering with Mobility Capital Finance (MoCaFi), a mobile-based banking platform, to enable MoCaFi Mobility Debit Mastercard cardholders to load their cards at no charge. MoCaFi will absorb any costs related to the reload. The deal enables MoCaFi, which serves unbanked and underbanked customers, to offer …
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11 November
Buy Now, Pay Later Payments Coming to Gap Brands with Afterpay Integration
Point-of-sale installment lender Afterpay Ltd. has agreed to provide its buy now, pay later service to customers of Gap Inc., including its Gap, Old Navy, Banana Republic, and Athleta brands. Afterpay’s buy now, pay later service enables consumers to make four interest-free installment payments. The retailer is paid in full, …
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11 November
Contactless Payment a First for 53% and other Digital Transactions News briefs from 11/11/20
Research from Inmar Intelligence found that 53% of shoppers used a mobile contactless payment option for the first time since the start of the pandemic. Additionally, most—55%—of the 1,000 respondents surveyed said they have been avoiding using cash in general in the same period. A full 28% will avoid retailers not offering …
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10 November
Contactless Payment Provider Purewrist Partners With Processor i2c
Purewrist, a provider of contactless transaction technology, announced Tuesday its Purewrist GO wearable bracelet will go live on card issuer and processor i2c Inc.’s platform. Purewrist chose i2c as its payment processor because of i2c’s global footprint and its platform’s support for devices that enable contactless and mobile transactions, says …
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10 November
Walmart in Canada Will Introduce Debit on Apple Pay And Google Pay Via Interac
Walmart Inc. will start next spring allowing customers in Canada to pay with debit in-app and in-browser using wallets like Apple Pay and Google Pay, the Canadian national payments network Interac announced Tuesday. Interac positions the new service as enabling so-called proprietary wallets, which it confirmed includes the apps from …
