A new survey shows the average fee for using an out-of-network ATM rose four percent over the past year to a record $4.52 per transaction.The average overdraft fee also set a new record ($33.07) and is up nine percent since 2010.
MA-based Cumberland Farms, a gasoline and convenience retailer, reports its brand has sold $1 billion in gas through its SmartPay program since its launch in January 2013. Over the last 12 months, transaction volume has more than doubled and continues to grow rapidly, making SmartPay Check-Link the most popular method of payment at the pump.
Kantar Retail, WPP’s global retail and shopper specialists, has teamed with Content Analytics, an eCommerce analytics and optimization firm. The Content Analytics platform provides proactive content editing tools and real-time insights to brand, supply chain and eCommerce managers to drive their online business.
NCR’s GA-based Digital Insight has added the automated account switching solution ClickSWITCH, a turnkey solution that simplifies the switch of recurring payments and deposits for a financial institution’s new and existing account holders, to its product suite.
Digital Retail Apps, developer of the Shop In-Store, Pay In-App SelfPay technology, has inked deal to showcase SelfPay’s “skip-the-checkout-line” mobile self-checkout solution at the Visa Innovation Center at One Market in San Francisco.
U.S. Bank’s Elavon reports it will be the provider-of-choice for EMV, Point-to-Point Encryption (P2PE) and tokenization technology for athenahealth, a provider of cloud-based services and mobile applications for medical groups and health systems.
In today’s CardFlash News Que: PAYPAL (brand); AMERICAN EXPRESS (school); MERCATOR (P2P); and TSYS (FPS).
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. is growing 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. It is expected PDV for Q3/15 will also hit a record $1301 billion, according to RAM Research.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.6% year-on-year (YOY) in the second quarter (Q2/15) and 8.6% sequentially. It is expected the same growth rate will apply for the third quarter says RAM Research.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
P97 Networks says its P97’s PetroZone Mobile Commerce and Digital Marketing Platform has been certified to integrate with Verifone’s cloud-based POS and site management software solutions”providing gas stations and convenience stores a combined, fully integrated solution for mobile payment acceptance in-store and at the pump.
Nordstrom has closed on its credit card transaction with TD Bank U.S.A. The Company sold its credit card portfolio to TD for $2.2 billion span, representing the gross value of the outstanding receivables.