Digital Transactions Authoritative, insightful and timely information for payments professionals
- U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.
- U.S. consumers plan to spend almost half (46%) of their holiday budget on gift cards this year, according to a survey from prepaid card platform Blackhawk Network Holdings Inc. The survey drew responses from 2,001 persons 18 and older.
- Payments provider Sightline Payments said it is investing $300 million to introduce digital payment capability at 250,000 slot machines across the U.S market within 36 months. Sightline is working on the project with Acres Manufacturing Co., a developer of casino-management systems.
- In related news, fintech money-transfer processor AptPay said it is working with NRT Technology, a developer of player-engagement platforms, to launch smartPULL, a service that facilitates immediate money-in transfers for casinos and iGaming operators.
- ShopNEXT, a rewards platform linked to the blockchain, said it will offer tokenized rewards on Visa cards via the Visa Offers platform.
- Some 46% of businesses in North America have deployed real-time payments, compared to two-thirds of European businesses, according to a broad payments study released by Aite-Novarica Group and BNY Mellon. The study canvassed 790 employees of mid-size and larger businesses in seven North American and European countries.
- JPMorgan Chase will process payments on kiosks manufactured by Alabama-based Pye and deployed by that company in restaurants and other hospitality centers across Canada.
- Deluxe Corp. appointed Chip Zint its senior vice president and chief financial officer. Zint joined Deluxe in 2020 and had been vice president of corporate finance. He replaced Scott Bomar, who is returning to a former employer.
Related Articles
Check Also
Time Will Tell on How Soon Pay by Bank Goes Mainstream
Open banking, the ability for third-party developers to access financial data in traditional banking systems, …