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Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS. The cards are called "Giving Good" cards and work at various restaurants and retail locations.
Gift card giant Blackhawk Network this week announced it is selling charity-branded gift cards that will trigger contributions to those charities when loaded. Recipients of what are being called “Giving Good” cards will be able to use them at any of a number of retail and dining locations.
Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.
Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.
India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.
Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. He cited the NationalRetail Federation , which found gift cards have been a top gift for over a decade. “If
One of the first to be contactless and, more recently, one of the first to offer social retail banking. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey.
Bowman noted that Tap to Phone leverages EMV’s underlying capabilities, the growing base of contactless cards in consumers’ wallets and the partnership with Samsung to allow sellers to tap into new retail sales opportunities, simply by downloading an app onto a mobile device they already use.
Study finds that midsize credit card issuers report greater drop in customer satisfaction levels compared to national counterparts Retail Banking Financial Trends Feature Feature3 Financial Research Cards Payments.
If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave. All of this will only make malls an even tougher sell to consumers, and to retailers that want consumers to buy their stuff.
In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers in debt and the People’s Bank of China is prepared to inject $173 billion into the country to stabilize the economic damage wreaked by the coronavirus.
New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Total retail growth was 3.8
In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.
Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. That’s driven the retailer to require merchandise, risk-driven signatures that can be dynamically altered, said Thompson. The Scope Of The Problem.
Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.
Caught between the focus on Labor Day and the holiday season, yet another retail event looks like it’s being scorched by the pandemic. Halloween sales are expected to be significantly impacted by social distancing concerns, and some retailers are already warning about the consequences. “We Halloween spending in the U.S.
Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?
We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. Uber reported its earnings last week.
A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. billion on gift cards and $933 million on greeting cards. As for the types of gifts, celebrators said they plan to spend the most on jewelry at $3.9 billion, followed by a date night at $3.5 billion, clothing at $2.1
The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the NationalRetail Federation, have reportedly long talked to the Fed about faster payments.
The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.
Kroger customers can now expediently and simply order gift cards for curbside pickup in addition to their supermarket items at 1,900 of the chain’s locations throughout the nation, according to a Monday (Dec. 21) announcement from Blackhawk Network.
In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.
50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . RuPay is a payment network offered by National Payments Corp. The finance ministry in India passed a new regulation saying that companies with sales of more than ?50
Retailers around the world are shutting their doors or reducing hours in an attempt to slow the spread of the fast-moving coronavirus, according to reports on Wednesday (March 18). Disney shuttered its resorts and theme parks as well as its retail stores. Abercrombie & Fitch is closing all its stores, including its Hollister brand.
The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards.
Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. In addition, U.K.
Big nationalretailers will capture all the financial benefits from proposed reductions in swipe fees, while consumers will be left with fewer benefits programs and less secure transactions.
In today’s top retail news, Adobe reported that online sales on Black Friday hit $9 billion, while U.S. Plus, Outback Steakhouse has debuted a new “curbside concierge” option for holiday gift card shopping. Outback Steakhouse Debuts Curbside Gift Card Concierge. consumers are expected to spend $12.7 billion on Cyber Monday (Nov.
I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. I touch a variety of sub-industries, including retail banking, commercial banking, and payments.
Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . It found that just 2 percent of respondents offered payroll cards in 2014, but that this figure had risen to 28.5
All four companies — as well as other retailers — are fitting into the framework of a platform PYMNTS calls Digital 3.0 So far, retailers have done a decent job here. The retailers mentioned at the beginning of this piece have taken a stance on health that should have been taken by federal and local governments.
is launching the Columbia National Credit program with its new CNC Card, according to a release by the company. Launch of the credit card comes after a successful test run in New York. This is the first time consumers in the United States can use a credit card to buy cannabis, the company said.
In a press release , the Cupertino, California iPhone maker said that with the addition of the nationalretailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. Other major retailers that now support Apple Pay include Costco and CVS Pharmacy. Apple announced Tuesday (Jan.
Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. The terminals allow customers to pay with credit or debit cards and digital wallet payment options like Apple Pay or Google Pay.
NatWest, formally called National Westminster Bank, currently has about 7.5 million retail customers. Royal Bank of Scotland will launch a new mobile bank and plans on moving one million of its NatWest customers to there, according to Forbes. NatWest Bank is a fully owned subsidiary of RBS.
To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.
As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. However, this shift does not portend a complete abandonment of brick-and-mortar retail.
Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that was introduced in March by the Ministry of Finance , according to reports on Thursday (Jan. Right now, the smart card lets commuters skip the lines to buy metro tickets.
Rakuten In Store Network, an advertising platform to help push in-store sales and traffic with rewards programs linked to cards, has announced a partnership with engagement platform Prodege to increase its card-linked offers and allow for Prodege members to get gift cards and cash back when shopping at certain retailers. .
Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets. consumers to shift as much as $100 billion in annual spending from credit to debit cards. Around the Next-Gen Debit World.
Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience. Uber and Starbucks pioneered it.
The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. Level is also offering 1% debit card rewards and paycheck deposits two days early to sweeten the deal for customers.
Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. According to a new study from the National Restaurant Association and Technomic, 22 percent of consumers used kiosk ordering last year. Pickup Windows.
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