Payments companies may not yet be ready to embrace fully the world of blockchains, but some major payments networks are taking steps to deepen their experience in the world of digital currencies. Witness Visa Inc., which early Thursday said it will help banks issue tokens they create on a blockchain. …
Read More »EWA Platform DailyPay Adds a Savings Feature for Its Visa Prepaid Card
DailyPay Inc., a provider of technology for the fast-growing earned-wage access market, said early Thursday it will add a savings feature to its new DailyPay Visa prepaid card. The goal is to let users put aside earnings as they receive them, the New York City-based company says. The company says …
Read More »Adyen Teams With Nayax to Support Digital Payments at EV Charging Stations
The Dutch processor Adyen NV and the Israel-based payments platform Nayax Ltd. announced early Monday they are teaming up to support digital payments for electric-vehicle charging stations around the world. The new agreement, which comes as electric vehicles become more numerous and raise a pressing need for more charging stations, …
Read More »Worldline Replaces Its Longtime CEO As the Global Processor’s Shares Plummet
The big French processor Worldline SA announced early Friday longtime chief executive Gilles Grapinet will leave the company effective Sept. 30. The company says the search for a successor will evaluate candidates both inside and outside the company. In the meantime, the board has appointed Marc-Henri Desportes, deputy CEO since …
Read More »Eye on E-Commerce: Bold Adopts Fastlane; DNA Payments Launches Apple Pay Express
Fast on the heels of PayPal Holdings Inc.’s launch of its Fastlane service for online transactions, e-commerce platforms are eyeing the expedited-checkout technology. Some are acting. Bold Commerce early Thursday said its checkout routine has adopted Fastlane for the Adobe Commerce merchants it supports on its so-called headless-checkout platform. Headless …
Read More »Looking for ‘Growth in Key Markets,’ PayPal Signs Shopify for Card Processing
PayPal Holdings Inc. began working with the Canadian e-commerce giant Shopify Inc. two years ago in France, and now the two are bringing the act to the U.S. market. PayPal said early Monday it has agreed to process card transactions for Shopify’s gateway, Shopify Payments, in an arrangement that could …
Read More »The Top General Purpose Reloadable Prepaid Card? It’s the Serve Card, Says Researcher Javelin
The general-purpose reloadable prepaid card market is expanding fast as audiences as diverse as the underbanked population and frequent business travelers adopt the products for their convenience and as alternatives or complements to bank accounts. Now the Serve Cash Back Card has earned a first-place finish in Javelin Strategy & …
Read More »Affirm’s Stock Rises As the BNPL Giant Reports Improved Results
Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …
Read More »As EV Charging Stations Spread, BlueSnap Links With EV Connect for Payments Processing
The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …
Read More »With Two Major Providers of Real Time Payments, the Request for Payment Takes on a Higher Profile
When the Federal Reserve’s FedNow real-time payments service debuted commercially 13 months ago, the story mainly focused on the general concept of immediate money transfers. But since then the payments industry has been busy refining that concept and working on service-ready applications. One of the most talked-about of these applications …
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