Payments News

On The Web

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Regulation

Barclaycard Finds That SCA Has Had No Initial Impact on Transactions

September 18 2019

“Analysis from Barclaycard of transaction data from 14 and 15 September, the first two days following the EU deadline, shows that the SCA rollout has had no initial impact on sales.Paul Adams, director of acquiring at Barclaycard Payment Solutions, says: “Our data offers encouraging news for merchants, whose transaction volumes have been, so far, unaffected […]
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Domains

Mobile Payments Can Transform Revenue Collections For SA’s Struggling Metros

September 18 2019

“Making it easier for consumers to pay their municipal bills could transform revenue collections for South Africa’s struggling metros and municipalities, bringing in much-needed funds to improve service delivery in the process. Thomas Pays, the CEO of South African digital payments platform Ozow (formerly i-Pay), says most municipalities have debt books of billions of Rands […]
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Use

PayPal Reduces Its Promotional Financing Threshold To Boost Its Credit Service

September 18 2019

“The warmth of late summer still bathes much of the country, but PayPal Holdings Inc. already has its eyes on the upcoming holiday spending season. The online commerce leader today unveiled a zero-interest financing promotion for its PayPal Credit service with a lowered purchase threshold. In addition to charging no annual percentage rate for three […]
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Companies

Walmart Launches Two New Credit Cards Offering 5% Back on Digital Purchases

September 18 2019

“Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com or paid for in-store using Walmart Pay (the latter for the first 12 months.) The […]

On The Wires

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Reports

The State of Retail: Trends in Consumer, Retail and Payment Preferences

September 17 2019

“Amid the rapid pace of transformation across the retail industry, new research1 from Blackhawk Network reveals how people want to shop, pay and engage with retailers today. Although digital growth in retail continues, traditional modes of shopping and payments such as in-store purchasing and cash maintain a strong foothold in US retail consumer behavior. These are […]
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Reports

U.S. Adults Hold An Average Of $29,800 In Personal Debt Exclusive Of Mortgages

September 17 2019

“U.S. adults aged 18+ report having an average of $29,800 in personal debt, exclusive of mortgages, according to the latest findings from Northwestern Mutual’s 2019 Planning & Progress Study. The research also revealed that 15% of Americans believe they’ll be in debt for the rest of their lives. While those numbers are staggering, they represent an improvement […]
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Companies

Capital One and Walmart Reimagine the Retail Credit Card Program

September 18 2019

“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart […]
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