Digital Transactions Authoritative, insightful and timely information for payments professionals

July, 2020

• 20 July

  COMMENTARY: How Their Open-Banking Buys Could Propel Mastercard And Visa

  

  The global retail-payment networks Mastercard and Visa are on a tear, acquiring and investing in adjacent payment-opportunity space in networks that can leverage and reinforce their existing franchises.  Their traditional payment schemes are dominant worldwide and near indestructible. While for the foreseeable future they could grow on autopilot, to their …
• 17 July

  Eye on Mass Transit: Uber Buys Routematch; Visa Contactless Rebounds; Philly Gets Mobile Wallets

  

  With its core ride-hailing business ravaged by the Covid-19 pandemic, Uber Technologies Inc. has been looking to move further into adjacent transportation markets, including mass-transit ticketing and payments. This week, the company said it had bought Routematch Software, a 20-year-old, Atlanta-based developer of systems that manage trip booking and ticketing, …
• 17 July

  COMMENTARY: Covid-19 Changed Demand for Cashless Payments. Are Small Businesses Ready?

  

  The month of June gave Google Pay an extended moment. Early in the month, the tech press started circulating rumors that Google planned to add merchant buttons inside the app. This feature would allow both digital and brick-and-mortar businesses to accept customer payments within Google Pay.  But users in India …
• 17 July

  BigCommerce Eyes IPO and other Digital Transactions News briefs from 7/17/20

  

  E-commerce services provider BigCommerce Holdings Inc. filed a registration statement this week ahead of a possible IPO.In its latest report on small businesses using its SwipeSimple payment service during the Covid-19 pandemic, CardFlight Inc. said overall transaction counts decreased 9.2% in the week ending July 12 from the week before, but were still 14% …
• 16 July

  Covid-Fighting Stimulus Programs Help Deliver an Unexpected Growth Surge for the ACH

  Thanks to federal programs to deliver stimulus funds to businesses and individuals, the second-quarter slowdown automated clearing house governing body Nacha expected due to Covid-19 didn’t happen. In fact, the massive ACH network saw year-over-year growth in the April-through-June quarter of 7.9%, Nacha reported late Wednesday. The second quarter’s growth …
• 16 July

  Zelle Users at BofA Defy the Pandemic Gravity

  

  Payment card usage in the U.S. might be taking a hit during the Covid-19 pandemic, but not the Zelle person-to-person payments service among Bank of America Corp.’s customer base. Charlotte, N.C.-based BofA reported Thursday that it had 11.3 million active Zelle users, including small businesses, in the second quarter, up 41% …
• 16 July

  EMVCo’s New Travel Authentication Guidelines and other Digital Transactions News briefs from 7/16/20

  

  Standards body EMVCo has developed guidelines on how the travel industry can provide data to payment card issuers to better verify the authenticity of an e-commerce transaction using current authentication processes. The guidelines are an extension of EMVCo’s 3-D Secure messaging protocol.The number of data breaches in the United States dropped by approximately one-third in the …
• 15 July

  The Programs and Solutions Sales Partners and Merchants Need Now.

  

  Given the challenging set of circumstances we are all currently facing, time is of the essence. That is why it is absolutely imperative that payments technology companies equip both Sales Partners and their merchants with the solutions, programs, and support they need to compete right now. At North American Bancard, …
• 15 July

  EBay’s Deal With PayPal Expires Soon. What Does That Mean for Managed Payments—And eBay Sellers?

  

  With the expiration of a major agreement with PayPal Holdings Inc. just a few days away, eBay Inc. is charting a new course in payments. But at least some merchants are hoping the e-commerce giant will address outstanding questions about how payments will be handled in the new era. According …
• 15 July

  U.S. Bancorp’s Merchant Revenues Plunge and other Digital Transactions News briefs from 7/15/20

  

  U.S. Bancorp, owner of merchant acquirer Elavon Inc., saw merchant-processing revenues decline 34% year-over-year in the second quarter to $266 million thanks to reduced consumer and business volumes caused by the Covid-19 pandemic.Processor Shift4 Payments Inc. has been named the official credit card processing company for the Las Vegas Raiders National Football …