Digital Transactions Authoritative, insightful and timely information for payments professionals
- In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.
- Inspriration4, the civilian-crewed space mission to be commanded by Shift4 Payments Inc. chief executive Jared Isaacman, announced an independent panel will select the candidate for the entrepreneur slot. The launch is scheduled for no earlier than the fourth quarter.
- Parking app provider ParkMobile LLC has added a feature that allows drivers to pay highway tolls in 11 states through the app. As drivers pass through the toll plaza, license-plate recognition cameras scan their cars to capture information needed to charge their account.
- ATM network operator Cardtronics plc reported total fourth-quarter revenue of $274.8 million, down 18.9% year-over-year, and total 2020 revenue of $1.09 billion, also down 18.9%, as pandemic restrictions around the world hurt usage. Cardtronics, whose network links 285,000 ATMs, has agreed to be acquired by NCR Corp. in a $2.5-billion transaction expected to close at mid-year.
- Bluefin Payment Systems LLC said IVR Technology Group’s phone payment platform will use Bluefin’s PayConex gateway.
- Afterpay said online processor Stripe will offer Afterpay’s buy now, pay later service to its merchants that can then make it a payment option for consumers. The integration starts in the United States, United Kingdom, Australia, and New Zealand. It will be available in Canada later.
- The Secure Technology Alliance issued a white paper describing an open-payment architecture for payment at electric-vehicle charging stations. As things stand, at least 10 charge-point operators run more than 20,000 charging stations in the United States, and drivers must set up accounts or memberships with each operator individually, according to the STA.
- BigCommerce said eligible merchants using its e-commerce platform will be able to sell products directly on Walmart Marketplace.
- Sterling National Bank said it will offer digital checking and savings accounts through Google Pay’s platform.
- Restaurant point-of-sale technology provider Qu POS Inc. appointed Matt Haselhoff senior vice president of sales. Haselhoff previously held sales positions at several companies, including Heartland Payments and PosiTouch.
- Discover Financial Services appointed David Rawlinson II, chief executive of Nielsen IQ, to its board of directors.
Related Articles
Check Also
In an Abbreviated Call, Discover Sticks to the Numbers And Stays Mum About Cap One
Executives at Discover Financial Services Inc. early Thursday cut short their first-quarter 2024 earnings call, …