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- Not all countries, companies, and persons will suffer equally from inflation in 2023, as Europe will see a decline in economic activity while the U.S. market will experience limited economic growth, forecasts the Mastercard Economics Institute.
- Food-service provider Sodexo North America’s InReach unit has contracted with payments provider Cantaloupe to upgrade 18,800 vending machiens and 1,200 micro markets for cashless payments.
- PayPal Holdings Inc.’s Venmo peer-to-peer payments service says it is working with singer Mariah Carey to offer “custom holiday gift wrap” for holiday-season transactions on the Venmo platform.
- Internal data at Bank of America indicate card payments to buy now, pay later companies accounted for about 2% of total card spending online in November, significantly up from the annual average of 0.3% for 2019, the bank says.
- BWH Hotel Group, operator of the Best Western and SureStay hotel chains in the United States and Canada, said it will work with tipping-technology provider eTip to offer guests the ability to tip hotel workers by scanning a QR code. Workers will receive the funds directly in their bank accounts via Visa Direct.
- Card platform i2c Inc. said it will enable digital issuance of the Visa FIFA World Cup Quatar 2022 prepaid card, in partnership with QNB Group (Quatar National Bank), the official Middle East and Africa supporter of the international soccer tournament.
- Dealer-Pay LLC, a payments provider for automobile dealerships, has integrated with Auto/Mate, a dealer-management system.
- Digital-payments platform One Inc, a specialist in the insurance industry, said Arbella Insurance Group has adopted One Inc’s PremiumPay and ClaimsPay services to enable faster inbound and outbound payments.
- A 2-year-old fintech calling itself Zelf, Bank of the Metaverse, has launched an instant Visa debit card that can be funded with cryptocurrency. Zelf claims more than 1 million registered users, with a goal of 5 million by the end of next year.
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