Digital Transactions Authoritative, insightful and timely information for payments professionals
With cash back as a favored consumer reward, PayPal Holdings Inc. is broadening its use with the debut of PayPal Everywhere, a rewards program for consumers on the PayPal Debit Mastercard. Announced Thursday, the program includes stackable cash-back offers and personalized ways to manage spending. It enables PayPal Debit cardholders …
September, 2024
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5 September
AmEx, Knot Test Updater System and other Digital Transactions News briefs from 9/5/24
American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …
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4 September
With Paysemble, Opus Looks to Simplify Payment App Integration
Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …
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4 September
Eye on Processing: EMS’s LegitScript Tie-in for Health Care; Insurer Picks InvoiceCloud for Billing and Payment Improvements
Electronic Merchant Systems LLC is teaming up with LegitScript to give its health-care merchants access to a certification tag, while InvoiceCloud says Western National Insurance Group picked it for a new digital-payment and policyholder-relations service. Cleveland-based EMS, which processes approximately $6 billion in annual volume for 25,000 merchants, says the …
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4 September
U.S. Bank’s New Smartly Card and other Digital Transactions News briefs from 9/4/24
U.S. Bank said it is launching two new products, the Smartly Visa Signature card and the Smartly Savings account. The former offers as much as 4% cash back on transactions. Some 48% of consumers in the U.S. market are using digital wallets for payments, up from 38% in 2021, according to …
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3 September
Jack Henry Partners With Moov to Streamline Payments for Small Businesses
Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …
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3 September
Ria Lines up an Exclusive Money Transfer Deal at PLS Check Cashers
Ria Money Transfer said it is now the exclusive money-transfer provider at more than 200 U.S. PLS Check Cashers locations, a move that could expose Ria’s services to more than 3 million monthly PLS customers. Announced Tuesday, the deal enables Chicago-based PLS Financial Services Inc. to offer Ria’s money-transfer service, …
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3 September
Fiserv SMB Index Flat and other Digital Transactions News briefs from 9/3/24
The Small Business Index from the big processor Fiserv Inc. stood at 141 in August, with no change from July. Year-over-year, small-business sales were up 1.6%, while total transactions grew 5.7%, according to the Index. The research is based on in-store and online transaction data from roughly 2 million U.S. small businesses, …
August, 2024
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30 August
Blame High Swipe Fees for Stores’ Cash-Back Charges, a Merchant Group Says
High card-acceptance fees are the root cause for why some merchants are charging consumers for cash back at the point-of-sale, a service merchants have historically provided consumers even though customers can make purchases with their debit cards at no charge, says the Merchants Payment Coalition. Driving the trend is that …
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30 August
The Top General Purpose Reloadable Prepaid Card? It’s the Serve Card, Says Researcher Javelin
The general-purpose reloadable prepaid card market is expanding fast as audiences as diverse as the underbanked population and frequent business travelers adopt the products for their convenience and as alternatives or complements to bank accounts. Now the Serve Cash Back Card has earned a first-place finish in Javelin Strategy & …