Digital Transactions Authoritative, insightful and timely information for payments professionals
Led by its merchant-acquiring unit, Fiserv Inc. in the quarter ended Sept. 30 continued its rebound from the wallop it took from Covid-19. The Brookfield, Wis.-based company reported total revenue, adjusted for its First Data Corp. acquisition in July 2019, of $3.59 billion for the quarter, down a slight 1% …
October, 2020
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27 October
With a Deadline Looming, National Retail Solutions Markets a Retrofit for EMV at the Pump
National Retail Solutions, a POS platform provider for independent convenience stores, is reselling an EMV at the pump retrofit kit from Sound Payments Inc. under its own brand that can significantly reduce station owners’ EMV compliance costs. NRS is calling the technology the NRS EMV EZ Pump Solution. The retrofit …
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27 October
Discover Is the Latest to Activate the Common Buy Button As Consumers Go Online in Droves
Discover Network on Tuesday became the latest of the Big 4 card networks to launch the Secure Remote Commerce technology the systems settled on last year to simplify and secure online transactions with a single buy button that works with all participating networks. The move comes as hordes of U.S. …
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27 October
Ria Inks Kroger Deal and other Digital Transactions News briefs from 10/27/20
Ria Money Transfer, a unit of Euronet Worldwide Inc., said its services will be available in more than 2,000 Kroger stores. Ria also announced that Fiesta Mart, a grocery chain based in Texas with 59 stores, will offer its money-transfer services.A survey from daVinci Payments found that 52% of women intend to spend …
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26 October
More Affinity for Contactless, But Also More Fraud Fears, a Fiserv Consumer Survey Reveals
Unlike the case with previous changes in consumer payment behavior that took years, if not decades, the Covid-19 pandemic has accelerated adoption of touchless payments, as more and more consumers look for hygienically safer and convenient ways to pay, says a Fiserv Inc. report released Friday. The report surveyed 1,037 consumers …
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26 October
USAT Completes EMV Advance and other Digital Transactions News briefs from 10/26/20
USA Technologies Inc., a payments-technology provider for the vending-machine business, announced it has completed the introduction of EMV and contactless EMV acceptance capability for its ePort G10-Chip reader line. The enhancement process was launched in February.The Western Union Co. said it now has added bank accounts, wallets, and cards to its …
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23 October
ExxonMobil Deploys QR Codes And NFC Tags for Streamlined Mobile Payment at the Pump
Petroleum giant ExxonMobil Corp. is adding QR code and near-field communication-enabled tags to its fuel pumps for consumers using Apple Pay or Google Pay. ExxonMobil says more than 11,500 U.S. Exxon and Mobil stations will have the tags by year’s end. Users can hold their iPhones or Android phones against …
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23 October
‘We Hope the Worst Is Behind Us’ Says AmEx’s Boss As the Company Shows Signs of a Comeback
As the economy registers a tentative recovery from the deep recession caused by Covid-19, payments networks are doing likewise. This is probably no more true than with American Express Co., whose concentration in the travel-and-entertainment market caused the company’s financials to nosedive earlier this year as the pandemic grounded airlines, …
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23 October
Gmail Gaining Shopping and Purchasing Capabilities and other Digital Transactions News briefs from 10/23/20
Alphabet Inc.’s Google unit announced it is enabling shopping and purchasing within its Gmail email service via an agreement with Skipify Inc., a payments provider that relies on artificial intelligence technology.North Lane Technologies, formerly Wirecard North America Inc., and daVinci Payments have banded together to create Syncapay Inc., a holding company for payment-technology …
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23 October
COMMENTARY: Why Attrition Is No Longer a Core Metric for Valuing Merchant Portfolios
Strange times. Seemingly overnight, one of the most durable and heavily weighted key performance indicators (KPIs) for the quality and valuation of traditional, brick-and-mortar merchant-acquiring portfolios has lost its salience. Its meaningfulness has gone from a primary driver of value to a mere footnote. Not everyone will agree. But when …