Visa – FedNow To Launch in 2023 and other Digital Transactions News briefs from 2/3/21 – Digital Transactions
- The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.
- Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate a pump with a smart phone and pay for fuel, a car wash, and merchandise and food in-store. Valero has 5,100 U.S. sites.
- Nice Actimize announced its New Account Fraud service to help reduce fraud loss associated with stolen and synthetic identities and other fraud schemes related to opening an account.
- With the pandemic driving consumers to shop online, Amazon.com Inc. reported total net sales of $386 billion for 2020, up 38% from 2019.
- Research firm Comscore said 31% of digital-equipped buyers ordered food for delivery online in the second quarter of 2020, a rise of 14 percentage points over the third quarter of 2019, underscoring the importance of online food delivery in the trend toward digital payments.
- Point-of-sale system provider Revel Systems Inc. said a new partnership with Delphi Display Systems will enable restaurants to use a customizable drive-thru solution. They can use Delphi’s digital outdoor menu boards, order confirmation and timing systems directly in the Revel platform.
- ParkMobile LLC launched a mobile Web app, allowing users to pay for parking in a mobile Web browser. The launch comes on top of the company’s existing mobile app and follows its introduction in December of its integration with the new Google Pay app.
- Veon Ltd., an Internet connectivity provider, said it is working with Mastercard Inc. to increase access to digital payments in Russia and nearby markets.
- Remittance network MoneyGram International Inc. said it has worked with Visa Inc. to launch a real-time peer-to-peer payments service in Vietnam that relies on Visa’s Visa Direct network.
- Blackhawk Network announced the debut of its virtual prepaid Mastercard in Canada. It can be issued in amounts from $1 to $999 and spent internationally.
- Buy now, pay later provider Klarna said it will debut a television ad featuring four versions of actor Maya Rudolph during Sunday’s Super Bowl game.
- Atlantic-Pacific Processing Systems NV Corp. announced Tangram Interiors, which specializes in workspace furniture and design, now processes payments with it.
Much attention in the payments industry has focused on how the coronavirus pandemic has boosted …