Friday , November 27, 2020

75% of Consumers Prefer Contactless Cards and other Digital Transactions News briefs from 7/23/20

  • Some 75% of U.S. cardholders prefer contactless cards to card swipe, mobile payment, inserting a chip card, and cash, according to a survey of 1,000 cardholders by card-technology specialist Entrust Datacard.
  • Alliance Data Systems Corp., a provider of private-label card programs, reported a 27% year-over-year drop in revenue for the second quarter to $979 million, largely due to the impact of the Covid-19 pandemic.
  • NewOak Finance Inc. said it acquired installment payments provider FuturePay Holdings Inc. for an undisclosed amount.
  • Discover added restaurants and gas stations as redemption categories for its Discover It Miles members.
  • CPI Card Group Inc. launched Spectrum by Card@Once, a service that enables over-the-edge printing across the entire surface of a card.
  • Mercator Advisory Group released its “Canadian & American Consumers: Similar, but Different” report.
  • Online notary service provider Notarize said a new deal with Stripe and its Stripe Connect platform enables notaries to receive almost instant payment for their services, typically within the same day of a transaction.
  • Ant Group, parent company to China’s Alipay mobile-payments service, launched AntChain, a brand for the company’s blockchain products as well as for services based on artificial intelligence, the Internet of Things, and secure computation.

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