Payments News

On The Web

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Domains

Merchants’ POS Systems Ambitions Include Omnichannel and Enhancements: Survey

““We continue to see a lot of activity focused on enhancing existing POS capabilities and omnichannel integration, when we had expected an increase in plans for the implementation of a single, unified commerce platform,” Ryan Grogman, RCP managing partner, says in an email to Digital Transactions News.“While this might just be a short-term trend, it is interesting […]
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Reports

Automation to Be Central to Financial Services, According to Avaloq Study

“The automation study, carried out by fintech firm Avaloq , also found that increased used of open and collaborative platforms (34%) and more distributed ledger technologies and cryptocurrencies (26%) could play a major role in financial services going forward. As for what is aiding digital transformation in financial services currently, participants cited compliance under updating […]
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Reports

Consumer Credit Jumps in December

“Revolving credit, like credit cards, jumped 14% in December. This is the fastest pace of growth since April 1998. Nonrevolving credit, typically auto and student loans, rose 3.7%. For all of 2019, credit card debt was up at a 4.2% pace while nonrevolving credit was up at a 4.8% pace. The data don’t include mortgage […]
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Reports

Digital Payments to Hit Record $4.7trn in 2020

“Digital payments have had a huge impact on the global payments industry traditionally dominated by cash, credit cards , debit cards, and prepaid cards. The surge of smart devices and a growing eCommerce market has led to the rapid adoption of digital payments, in both developed and emerging countries. According to data gathered by LearnBonds.com, […]
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Reports

Survey: Shoppers Are Ready for Leading-edge Store Tech

“A multinational consumer survey from digital financial technology provider Wirecard reveals that large percentages of respondents have interest in using emerging technologies to streamline a variety of in-store shopping activities. Seven in 10 (71%) are somewhat or very interested in a self-checkout app. And 65% are somewhat or very interested in a smart mirror that […]
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On The Wires

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Reports

ACH Network Annual Growth Rate Reaches 12-Year High

“The ACH Network saw a remarkable year in 2019 as the annual growth rate reached a 12-year high. There were 24.7 billion payments on the ACH Network, an increase of 7.7% over 2018. The value of those payments was $55.8 trillion, up nearly 9% from 2018.”
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Companies

Gift Giving Helps Zelle® Wrap Up 2019 With Double Digit Growth

“Early Warning Services, LLC, the network operator behind Zelle®, today announced its Q4 2019 and 2019 full year results. In Q4 2019, the Zelle Network® processed 230 million transactions, totaling $56 billion in money sent — an increase of 14% and 17% quarter-over-quarter, respectively. For the 2019 calendar year, the Zelle Network processed $187 billion in payments on 743 million transactions. […]