Executive Leaders from companies including Mastercard, T-Mobile Advertising Solutions, Rakuten, Cartera, FIS, TransUnion, Cardlytics, VantageScore, Augeo, Kigo, Valuedynamx, SKUx, Wildfire, vPromos, Dejavoo, and The Coupon Bureau explored the theme “From Transactions to Commerce Experiences: Innovating the POS for Merchants and Commerce Providers” at the DCA-CardLinx Fall Summit. Leading card issuers, financial institutions, retailers, card-linked technology companies, and digital marketing technology...

Digital Commerce Alliance Top 20 Women By Digital Commerce Alliance Since 2019, the Digital Commerce Alliance (DCA) has published a list of the top women in our industry. This year is no exception. For the fourth consecutive time, we are pleased to honor outstanding women in leadership positions at card-linking, banking, financial data, mobile wallet, digital advertising, fintech, payments and...

Retailers Trim Sales Forecasts Large retailers including Target, Walmart and Kohls are increasing sales at slower rates than they did at the height of the pandemic. Rising rates of inflation are driving shoppers to curb purchases of discretionary items in favor of staples like groceries. DCA Insight: Spending pull-back has been sharper than predicted. Consumer wallets are being squeezed, driving...

Buy Now, Pay Later Space Experiences Hiccups The state of the promising buy now, pay later payment concept, initially embraced by consumers and merchants alike, is experiencing a rising number of delinquencies in a slowing economy. DCA Insight: Buy now, pay later—allowing shoppers to split the cost of their purchases into multiple payments over time—gained popularity last year. Consumers with...

Digital Payments Have More Growth In-Store Consumer cash payments rose slightly from 2020 to 2021. Cash accounted for 19% of payments in 2020 and 20% in 2021, according to the Federal Reserve. (In 2019, cash was used for 26% of consumer payments.) During the same two-year time period, use of credit cards, debit cards and mobile payment apps increased as...

AI Helps FinTech Firms Reach More Borrowers  Fintech lenders including Pentadata Inc., OppFi Inc. and LoanSnap are helping traditionally underserved borrowers get loans. These companies feed a wider range of data and use AI to determine credit eligibility, giving more people access to the credit market. It has been crucial for these fintechs to be able to have access to...

Square Continues To Integrate Afterpay Millions of in-person sellers in the U.S. and Australia that use point-of-sale software Square can now offer shoppers the option to use Afterpay. To use the buy-now-pay-later app in person, buyers tap to pay using a mobile wallet loaded with their virtual Afterpay card—and payment is made with four interest-free installments over time. Sellers get...

Russia’s Financial System: Visa & Mastercard Sanctions Western economic sanctions disrupted Russia’s financial system, with one exception, the WSJ reported. Russian consumers continued to use their Mastercard and Visa cards, even though these two organizations exited the country as the war began. Why? Payments made by these cards issued in Russia aren’t processed via U.S. networks, but rather through a...

Banks Consider Zelle as Card Alternative A group of banks that own money transfer service Zelle are contemplating promoting the payment option, which competes with card networks Visa and Mastercard. The move would open growth opportunities for Zelle, which doubled its number of transactions in 2021 driven by the pandemic. DCA Insight: Collectively, banks and card networks earn billions each...

[nectar_btn size=”small” constrain_group_2=”yes” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” button_id=”#amazon” text=”Credit Card Fees To Rise” url=”#fees” margin_left=”5px” margin_right=”5px”][nectar_btn size=”small” constrain_group_2=”yes” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”Walmart Delivery Options” url=”#walmart” margin_left=”5px” margin_right=”5px”][nectar_btn size=”small” constrain_group_2=”yes” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”Direct Payments By Discover” url=”#direct” margin_left=”5px” margin_right=”5px”][nectar_btn size=”small” constrain_group_2=”yes” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” button_id=”#tenants” text=”Fast Chain Offers Bitcoin” url=”#bitcoin” margin_left=”5px” margin_right=”5px”][nectar_btn size=”small” constrain_group_2=”yes” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”Commerce Code Podcast” url=”#podcast”...

Direct Payments Offered By Discover Merchants will soon have the option to access payments directly from shoppers’ checking accounts using an app, with no card required. The newly announced capability is made possible by DCA member Discover and fintech firm Buy It Mobility Networks. DCA Insight: The direct payment arrangement Discover is introducing is popular in Asia: Alipay and WeChat...

Digital Commerce Alliance Announces 2022 Board Members Board Includes Industry Leaders from Sam’s Club, Bank of America, Microsoft, Mastercard, VantageScore, Among Others SAN FRANCISCO (Feb. 8, 2022)—The Digital Commerce Alliance (DCA) today announced its 2022 board of directors. The global trade association, focused on commerce, card-linking, mobile wallets, and financial data, also released its slate of programming for the first half of...