Digital Transactions Authoritative, insightful and timely information for payments professionals

February, 2021

• 8 February

  A Multiple-Acquirer Strategy Can Yield Improved Conversion Rates, Study Finds

  

  Merchants that use multiple acquirers may benefit from more than just payment-acceptance resiliency. Some—85%—have seen an increase in their conversion rates, finds a study from Edgar Dunn & Co. commissioned by Naples, Fla.-based ACI Worldwide Inc. In the study, which surveyed 93 merchants and 68 payment-service providers, 43% of the …
• 8 February

  With Google Cloud’s Technology, Global Payments Looks for a ‘Substantially’ Expanded Merchant Base

  

  Global Payments Inc. will move its acquiring technology to Google Cloud and serve as a worldwide merchant acquirer for Google under a sweeping agreement announced Monday morning. The pact will also allow Global’s merchant clients to access a long list of Google Cloud services, ranging from payments to data and …
• 8 February

  Another Campus Adds ParkMobile and other Digital Transactions News briefs from 2/8/21

  

  ParkMobile LLC said its mobile app will allow students at the University of Wisconsin-Superior to pay for parking at 420 spaces in seven lots on campus.Visa Inc. said it U.S. consumer cardholders now have access to NortonLifeLock, a digital safety service.Atlantic-Pacific Processing Systems NV Corp. made several improvements to its APPSos customer relationship management service.NCR …
• 5 February

  Merchant Gripes Concern Fees And Onboarding More Than Technology, J.D. Power Finds

  

  Against the backdrop of an overall decline in small businesses’ satisfaction with payment processors, Square Inc. ranks highest with a score of 857 out of 1,000, according to the J.D. Power 2021 U.S. Merchant Services Satisfaction Study. PayPal Holdings Inc. comes in second with a score of 852, with Bank of America Merchant …
• 5 February

  Eye on Earnings: USA Technologies And Fleetcor Look for a Near-Term Rebound

  

  With the coronavirus pandemic having reduced traffic to vending machines and other unattended retail devices, USA Technologies Inc. on Thursday reported quarterly results that included drops in both machine connections and revenue. But chief executive Sean Feeney sought to reassure investors that better days will arrive soon.  “While the rebound …
• 5 February

  Western States Acquirers Names 2021 Leaders and other Digital Transactions News briefs from 2/5/21

  

  The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …
• 4 February

  Fiserv Enables Cash Withdrawals at ATMs Through Its CardValet Mobile Banking App

  

  Fiserv Inc. on Wednesday announced CardFree Cash, a new feature within its CardValet mobile-banking app that allows consumers to facilitate a cash withdrawal from an ATM using their mobile phone. The service is available to financial institutions nationwide. Consumers can use CardValet at 30,000 Diebold Nixdorf and NCR ATMs driven by …
• 4 February

  Lightspeed’s Revenue Jumps 79% and other Digital Transactions News briefs from 2/4/21

  

  Payments provider Lightspeed POS Inc. reported total revenue of $57.6 million for the quarter ended Dec. 31, up 79% year-over-year. Revenue was $49.3 when excluding the recent acquisitions of payments providers ShopKeep and Upserve. The company’s merchant base grew 74% year-over-year to 115,000, or 84,000 excluding the acquisitions, up from 66,000.Fiserv Inc. and the Inclusive Innovation …
• 3 February

  PayPal Registered a Record Year in 2020 And Looks for an Even Bigger 2021

  

  Buoyed by an explosion of e-commerce activity following the onset of Covid-19, PayPal Holdings Inc. last year enjoyed what turned out to be a record year for growth. Now, it looks to roll out a flurry of new services. “We released more products and services in 2020 than in any …
• 3 February

  Payoneer Agrees to a SPAC Merger That Will Take the Company Public

  

  Global e-commerce payments provider Payoneer Inc. announced Wednesday morning it will go public via a merger with a blank-check company, confirming reports about a deal that first emerged last month. In the merger, which values Payoneer at $3.3 billion, the 15-year-old, New York City-based firm becomes the eighth payments-related company …