Thursday , May 19, 2022

Debit Card Spending up Last Week and other Digital Transactions News briefs from 9/8/20

  • Debit card spending increased 9.4% for the week ending Aug. 30 from the week ending Sept. 1, 2019, for credit unions working with PSCU, a credit union service organization. For the same period, credit card spending was down 2.5%. Mobile wallet use with a debit card increased 68% and those with a credit card increased 23.2%.
  • Reuters reported Sunday that French processor Worldline S.A. has until Wednesday to make concessions to satisfy European Union antitrust concerns regarding its acquisition of France-based payments-technology provider Ingenico Group S.A., unless it can prove the concessions aren’t necessary. The $9.2-billion deal was announced in February and was originally expected to close by the end of September.
  • Some 47 states logged an increase in transaction volume in August compared to monthly totals in June, according to figures reported by processor Shift4 Payments Inc. More than half showed a rise of more than 20%. Shift4’s clients are concentrated in the hospitality sector.
  • Payments-technology provider Repay Holdings Corp. said it will enable companies using a platform from Advanced Business Computers of America to accept debit cards, credit cards, and automated clearing house payments. ABCA is a provider of accounting software for subprime finance companies.
  • Payments provider TerraPay appointed entrepreneur Ron Vollebregt chairman of its board of directors. Vollebregt is known as a cofounder of international payments firm GlobalCollect.
  • Pushpay Holdings Ltd. launched ChurchStaq, a suite of software tools for church management, including giving and donor management tools for Web, mobile, text, and other channels.
  • Recurring payments provider GoCardless Ltd. named Even Walser its chief revenue officer. Walser’s experience includes stints at Practice Fusion,, and Brand Watch.
  • Just Eat France, a food-ordering service similar to Uber Eats, will accept Bitcoin via the cryptocurrency-payments provider BitPay. The service works with more than 15,000 restaurants in France.

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SpotOn Raises $300 Million in Funding and other Digital Transactions News briefs from 5/19/22

SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F …

Digital Transactions