One way to boost mobile-wallet usage for functions like payments is to more tightly integrate the apps into users’ daily lives. Apple Inc. followed that script with its preview on Monday of an update for watchOS8, the brains behind its Apple Watch. This fall, the refresh will allow users to …
Read More »VizyPay Opens Its Cash-Discount App Generally to Merchants Using Clover Devices
Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …
Read More »Paxful Pay Emerges to Let Consumers Spend Their Way While Online Sellers Get Bitcoin
Most payments processors that deal in digital currencies let consumers pay with Bitcoin or other cryptocurrencies and then may translate that money into dollars or other fiat money for the merchant. On Thursday, a company called Paxful Inc. announced a service that appears to do the opposite: it lets users …
Read More »As EasyPark Clinches Its Deal for ParkMobile, Rivalry in Parking Apps Could Get Hotter
Vendors of parking apps in North America have an even more potent new competitor with the closing on Tuesday of EasyPark Group’s acquisition of the Park Now Group, which includes Atlanta-based ParkMobile LLC. The deal, which the companies announced in March, brings a major North American stake to Stockholm-based EasyPark, …
Read More »As Consumers Crowd Into E-Commerce, Square Looks to Ease Seller Listings on Google
With merchants of all sizes looking to get in on the rush to e-commerce triggered by the Covid-19 pandemic, Square Inc. announced Thursday morning a service that lets sellers set up a product listing on Google. The new program, aimed at merchants using Square for Retail, aims at simplifying online …
Read More »Eye on Acquisitions: Sift Embraces Chargeback, While GreenBox Buys an ISO
Sift Science Inc. has agreed to acquire Chargeback Inc., a specialist in applying dispute-resolution technology to help merchants resolve chargebacks. Terms were not announced. The deal comes as card-not-present fraud in particular is soaring as consumers over the past year have adopted online shopping, many for the first time. U.S. …
Read More »GreenBox Gains a BIN From Merrick Bank As It Eyes Bigger Merchants for Blockchain Processing
Much of the publicity swirling around blockchain technology concerns its use for recording and managing cryptocurrency, but there has been little talk about using blockchain to manage merchant transactions. GreenBox POS, a San Diego-based processor, changed that on Monday with its announcement that it has secured a bank identification number, or …
Read More »How Square Recruits Plaid to Support Its New Gambit to Recruit Larger Sellers
A payments trend that has gained some momentum during the pandemic is open banking, the idea that funds can validated and moved from an account to another one at a different bank inexpensively and by means other than cards or checks. On Thursday, that concept took a big step forward …
Read More »Eye on Acquirers: Paysafe Launches a Virtual Visa for Skrill, And Nuvei Advances in Sports Betting
Paysafe Group Holdings Ltd. said Thursday it is launching in the U.S. market a digital version of its Visa-branded Skrill prepaid card. A Web version is available now, while an app that works with Paysafe’s Skrill wallet coming later this year. As with physical version of the card, the virtual …
Read More »Eye on E-Commerce: Digital River’s Single Integration; BitPay Signs Jomashop for Crypto
With consumers flocking to online stores and marketplaces, processors and technology providers are carving out new paths to make it easier to sign up sellers and process their transactions. The latest development comes from commerce platform Digital River, which on Wednesday launched a program that allows independent software vendors and …
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