U.S. debit card holders received cash back on just over 1 billion point-of-sale purchases in 2009, according to new figures from the Federal Reserve. That statistical nugget and others in the Fed’s 2010 Payments Study help to explain why ATM operators are struggling to keep transaction volumes up. The Fed …
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Chargebacks Costs $170 Billion; Cash App Enables Tap to Pay; Adyen’s Next POS Terminal Client
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 …
Read More »Cash-Back Fees Top $90 Million; Cantaloupe’s Latest Stadium Pay Foray; Fortis’ New Features
Eye on Mastercard: Paysafe Adds Send; PayPal Launches a Cashback Mastercard
To provide merchants in the United Kingdom and Europe with an international and domestic payout service, Paysafe Ltd. is integrating Mastercard Send into its platform. The deal will enable businesses in those regions to send payments to cards, bank accounts, and mobile wallets. Such capabilities are expected to be highly …
Read More »Visa Hits Back at Fed’s Plaid Lawsuit; Cash App Delivers for Square; Plus Weekly Recap
AeroPay’s Cash-Back Incentive; UnionPay’s 28 Million Merchants; Pricing Is Top FedNow Inquiry
Mobile Payments Firm AeroPay Launches a Cash-Back Incentive
AeroPay, the mobile-payments service from Aero Payments LLC, debuted a 1% cash-back rewards program for its users. AeroPay, which uses a connection to the automated clearing house network for its transactions via Dwolla Inc., says consumers using its iOS or Android app can earn unlimited 1% cash-back rewards. The payout …
Read More »Cash App Pay at Domino’s and other Digital Transactions News briefs from 5/8/25
Square says its Cash App Pay service can now be used to pay for Domino’s items. Square said this is one of the first restaurant partnerships for Cash App Pay, which enables users to use their Cash App balances to pay for purchases. Payments provider Clearent by Xplor launched Xplor Capital, an embedded finance …
Read More »Despite Lower-Than-Expected Profit And Cash App Softness, Block Remains Bullish
Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the company said during a conference call late Thursday to discuss its first-quarter results. Block is the parent company of the …
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