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Discover CFO Retiring and other Digital Transactions News briefs from 6/6/19

Discover Financial Services chief financial officer R. Mark Graf will retire in early 2020, Discover announced. Graf joined Discover in 2011. The company has hired an executive-search team to find his successor. American Express Co. enhanced the rewards package on its Gold Card; cardholders will now get 4-times Membership Rewards …

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Glance’s Real-Time Bill Option Appears To Drive Glance Pay Transactions up

Glance Technologies Inc. said its Real-Time Bill feature is increasing transactions made with its Glance Pay app in some restaurants as much as 300% in the 30 days following a Real-Time Bill launch. That’s in comparison to the 30-day period prior to the launch, Vancouver, British Columbia-based Glance said Wednesday. …

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PayPal Has 40 Million Reasons to Solve Its Venmo Puzzle

There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent years. Still, in spite of all the attention it gets, Venmo had always kept one thing secret: how many active users it has. Late in April, PayPal lifted the veil. …

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First New York Transit, Then Everywhere Else for U.S. Contactless Push

As New York’s Metropolitan Transportation Authority inaugurates contactless payment for fares Friday, major card brands are intensely marketing the tap-and-pay service. Mastercard Inc. announced its Fareback Friday program to reward cardholders for paying for their New York subway rides with a contactless Mastercard product. Consumers may be able to get …

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Malware Found in Multiple Checkers And Rally’s Fast-Food Locations

Checkers Drive-In Restaurants Inc. said malware was discovered and removed from its point-of-sale system at some Checkers and Rally’s locations. Checkers said 15% of its nearly 900 locations were affected. The timing of the malware exposure varies, with one Los Angeles location infected from Dec. 17, 2015 to March 26, …

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EMS in Cleveland Browns Program and other Digital Transactions New briefs from 5/30/19

Payments provider Electronic Merchant Systems announced its affiliation with the National Football League’s Cleveland Browns Proud Partner program. Paysafe Group said Philip McHugh will become its chief executive beginning June 24. He replaces Joel Leonoff, who will become vice chairman of the Paysafe board of directors. McHugh comes to Paysafe …

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An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19

The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from …

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Cash Proves Resilient Even As Regulation to Ban Cashless Stores Builds Steam

With momentum building to ban cashless stores, a rough consensus seems to be emerging that the United States will never have the cashless society futurists have predicted for decades as first cards, then e-commerce, and now mobile payments took root. To be sure, research released Tuesday by Square Inc. shows …

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First Data’s Volume Growth Slowed in the First Quarter, but Brick-and-Mortar Topped E-Commerce

First-quarter growth in leading merchant processor First Data Corp.’s portfolios lagged growth posted in the preceding two quarters, but in a rare event physical merchants posted higher sales increases than their online counterparts. In its latest SpendTrend report, First Data says total payment card spending at U.S. merchants on its …

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BAMS Lands Sezzle and other Digital Transactions News briefs from 5/20/19

Sezzle, an online provider of installment loans to consumers, will use the Bank of America Merchant Services platform for digital card processing. Lavu, provider of mobile point-of-sale systems for restaurants and bars, certified three receipt printers from Epson America Inc. Lavu previously certified Epson’s Mobilink line of mobile receipt printers. …

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