Digital Mobile Payments Gain Momentum Global Banking and Finance reported on key trends in the payments industry driven by advanced airtime API technology and emerging post-pandemic consumer behavior: More utility and city service payments will be made by mobile. Mobile payments will reduce barriers to cross-border trade. And social media and mobile payments will converge. DCA Insight: API innovations and...

Consumer Spending Preferences Evolve Consumers are trending toward contactless transactions, peer-to-peer payments and mobile wallets. Many are pairing debit cards with emerging payment methods to monitor their money better and avoid credit card debt, PYMNTS.com recently reported. DCA Insight: Millennial and Gen Z consumers especially are drawn to frictionless debit-based mobile experiences. They’re less willing to defer payments but need...

We are pleased to announce a partnership with Equilar, the leading provider of corporate leadership data, and Nasdaq, the world’s second-largest stock exchange. The Digital Commerce Alliance (DCA) is working with these organizations—on behalf of our membership—to help make public company boardrooms more diverse. The partnership enables members with a track record of executive experience and board service to be...

POWERED BY DOSH EXTENDS PLATFORM CAPABILITIES, MARKET Austin, Texas-based Dosh is expanding its retail-based, card-linked, cash-back offer platform to financial services businesses. The new offering, Powered By Dosh, enables new partners to capitalize on consumer demand for payment options that provide high-value rewards. Venmo is live, Jelli is expected to launch yet this month, and Dosh is in talks with...

Facing today’s new normal in the wake of Covid-19, companies in the digital commerce industry are re-evaluating, repositioning, and retooling the way they do business. Increasingly, women executives are taking the lead. The CardLinx Association researched women at the forefront of these efforts, and identified those making unprecedented strides. With membership spanning retail, fin-tech, mobile payments, digital advertising, banking and...

A new payments group, Facebook Financial, has been formed by the social media conglomerate. Online shopping is up in the midst of the pandemic and Facebook is positioning the company to capitalize on current and upcoming payments and e-commerce opportunities. The group is led by former PayPal president and Libra cryptocurrency co-creator David Marcus. CardLinx Insight: Facebook has long been...

Canadian company Mobeewave has been purchased by Apple for $100 million, giving the tech giant’s existing iPhones the ability to function as contactless, mobile pay hubs. Mobeewave is an app that doesn’t require cables or other hardware; the NFP chip that makes it work has been incorporated in iPhones since 2014. CardLinx Insight: This deal puts Apple firmly in the...

US Retail Sales Jump In June (But It Could Be the Last Increase for Some Time) Retail sales were up in May and June as economies reopened. A better-than-expected 7.5% jump in June, following a record-breaking 18.2% increase in sales in May, surpassed economists’ predictions. The rebound occurred after businesses reopened and pent-up demand for retail goods and services came...

Mastercard announced its intent to acquire financial technology company Finicity to advance its API and financial data strategy. The acquisition is intended to strengthen the payment card giant’s relationships with consumers and businesses by giving them more control over their financial data. CardLinx Insight: Mastercard’s move to acquire Finicity follows a similar one made by arch-rival Visa when it acquired...

Leading global payments provider and shopping service Klarna announced it has grown its customer base significantly since the Covid-19 crisis. In partnership with major apparel, beauty and footwear retailers—including H&M, Sephora, Timberland and The North Face—Klarna offers flexible payment options to consumers, giving them the convenience and purchasing power needed now. CardLinx Insight: CardLinx member Klarna is turning the economic...

New Clean Way to Pay: Mobile Wallets Surge on Covid 19 Fears Requiring no physical contact with merchant point-of-sale terminals, mobile wallets are increasingly viewed as a safer way to pay by consumers around the world. Fears that payment cards, cash and coins may be tainted with the coronavirus, and that touching in-store terminals might make shoppers sick, the use...

We welcome Bank of America to The CardLinx Association! Learn more at: www.bankofamerica.com...