Rite Aid taps Bank of America for payment processing and security
Mobile Payments Today Bank of America Merchant Services said it entered an agreement with Rite Aid to become its payments processor and digital security provider at 2,400 store locations and the chain’s RiteAid.com e-commerce site. »
How Businesses Can Use Credit Card Surcharging to Save Money
What Is Credit Card Surcharging? Many U.S. businesses are concerned about the cost of accepting credit cards, which often requires a fee of around 2.7% per transaction. Some businesses want to charge an extra fee »
New York MTA hails success of ‘tap and pay’; mobile wallet usage rides high
Finextra New York’s Metropolitan Transport Authority has hailed the success of tap and pay fares for subway and bus journeys, recording a much higher take-up among time-pressed passengers than initially anticipated. Dubbed Omny, the new »
Now Available: Exploring the Intricacies of the Merchant Cash Advance
The Merchant Cash Advance (MCA) industry has rapidly developed and changed over the course of recent years. With an increase in small and medium-sized business (SMB) financing, many merchants are looking for quick and economical »
UK lender trials voice banking with Google Home
CNBC NatWest is trialing voice banking in the U.K. using the Google Assistant via Google Home smart speakers or a smartphone. The three-month pilot will involve 500 customers, according to the bank, which is a »
Bitcoin’s Use In Online Payments Faces A Serious Regulatory Hurdle
Forbes The payments use case is now making a comeback thanks to the development of the Lightning Network, which is a secondary protocol layer that enables cheaper, instant transfers for Bitcoin users. While the Lightning Network »
ETA/TSG U.S. Spending Snapshot: Spending Growth Robust in the First Quarter of 2019
Year-over-year consumer spending growth, via electronic payments like debit cards, credit cards and mobile payments, remained strong at five and a half percent during the first quarter of 2019, according to the new U.S. Spending »
Fed to develop real-time payments system for launch in 2023 or 2024
Reuters The U.S. Federal Reserve announced it plans to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024. In a statement, the U.S. central bank said it »
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Fiserv Completes Combination With First Data Further Cementing Industry Leadership
Business Wire Fiserv Inc., a leading global provider of financial services technology solutions, announced that it has completed its acquisition of First Data Corporation. With the transaction complete, Fiserv is one of the world’s leading »
Now That First Data Is Part of Fiserv, Strategies Emerge to Reinforce Banks’ Role in Payments
Digital Transactions In what may be the biggest anticlimax in their careers, employees at First Data Corp. will walk into their offices Monday morning as employees of Fiserv Inc. And if Fiserv chief executive Jeffery »
Now Available: How to Navigate the World of Surcharging
Cash discounts, convenience fees and service fees are not new, however, surcharging is a relatively new yet growing practice that has caused confusion in the U.S. market. To help make sense of the topic, TSG is »
Equifax’s Tab for Its Big 2017 Data Breach Will Total at Least $671 Million
Digital Transactions Equifax Inc., which in 2017 sustained a data breach that potentially exposed sensitive information related to 148 million files, announced what that massive intrusion will cost the company. The Atlanta-based credit-reporting agency said »
Mastercard Offers Real-Time Payments To Support Gig Workers
Forbes Mastercard has announced a service to help people in the gig economy who have to tie together income from a variety of jobs, contracts and part-time gigs like dog walking. In an alliance with »
Fintech Startup Finix Raises $18 Million, Aims To Become The Twilio Of Payments
Forbes Finix, a three-year-old, 30-person startup based in San Francisco, raised $17.5 million in Series A funding from Bain Capital Ventures, Visa and Insight Partners, among other investors. It aims to help companies manage and »
TSG Announces Top Performing Payment Gateways
The Strawhecker Group (TSG) is pleased to announce its payment gateway winners for the annual ‘Real Transaction Metrics Awards’. Read the press release.Powered by TSG’s Gateway Enterprise Metrics (GEM) platform*, GEM monitors real transactions from »
Amazon uses Prime Day to promote Amazon Pay on third-party sites
Bank Innovation Amazon is using Prime Day to nudge more customers to use its own digital payment method on partner retailers’ websites, and it’s using juicy incentives of up to 30% cash back to do so. »
Amazon Prime Day Starts Monday And Is Shaping up To Be a Payments Bonanza
Digital Transactions Amazon Prime Day is set for next week, and by all accounts Amazon.com Inc.’s online and in-store shopping frenzy is likely to be a payments-palooza. The event, which despite its name is set »
