Friday , October 18, 2024

Peter Lucas

Former BMO Executive Fowler Takes Over at Zelle Parent Early Warning

Early Warning Services LLC, which operates the Zelle peer-to-peer payment network, announced early Friday it has appointed Cameron Fowler as chief executive, effective October 2, 2023. Fowler replaces Albert Ko, who left the company in May to become CEO of Auctane, which provides shipping software and operates such brands as …

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Payment Processors Repay, Priority Technology, And Par Technology Post Q2 Results

Payments-technology provider Repay Holdings Inc. reported its consumer-payments business grew its organic gross profits 16% in the quarter ended June 30, compared to the same period a year ago. Overall, the company posted organic profit growth of 12% for the quarter, compared to a year earlier. Absolute figures were not …

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Eye on Merchants: The Square Go Booking App Debuts;  Practice Better Adds Integrated Payments

Block Inc’s Square merchant-processing unit late Tuesday introduced Square Go, a booking app for beauty and personal-care merchants. The app allows consumers to search for, and schedule appointments with, health and beauty merchants locally. The mobile app also suggests merchants based on a consumer’s previous booking patterns. Consumers can receive …

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BitPay Adds Bill Payment to Its Crypto Wallet

BitPay Inc. expanded the payment capabilities of its cryptocurrency wallet Tuesday with inclusion of bill payment. BitPay users can now pay bills with digital currency at more than 5,000 billers, the Atlanta-based company says. To enable bill payment, BitPay has partnered with Method Financial, an Austin, Texas-based provider of embedded …

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Why Card Skimming, Already Bad, Is Getting Worse

Card skimming remains a vexing problem in the United States, with the number of reported incidents increasing 20% during the first half of 2023 compared to the same period in 2022, according to the credit-data firm FICO. More concerning, however, is that the number of cards compromised as a result …

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Eye On iGaming: Nuvei Partners with 888; Paysafe’s Expansion Move; IPSI’s Joint Venture

Canadian fintech Nuvei Corp. is partnering with iGaming operator 888 Holdings Inc. to provide card acquiring and payment in the United States. The deal expands both companies’ footprint in the U.S. market Montreal-based Nuvei will enable 888 to accept deposits into iGamers’ accounts. In addition, iGamers will be able to …

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Eye On E-Commerce: Online Shoppers Value Payment Security and Fraud Prevention; Instacart Adds New Features

Payment security and fraud play a key role in cart abandonment for e-commerce merchants, according to a study by e-commerce solutions provider Radial Inc. The study found that 48% of respondents cited Web site security and 45% listed security of personally identifiable information as their primary reasons for shopping cart …

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Financial Institutions Are Embracing The Clearinghouse’s Request for Payment Capabilities

The Clearing House Payment Co. LLC, operator of the Real Time Payments network, said Wednesday that more financial institutions are making use of its Request for Payment capabilities. Request for payment has been a feature of The Clearinghouse’s real-time payments network since it launched more than five years ago. The …

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Consumers Are Turning to Gift Cards As a Way To Manage Inflation

Consumers plan to increase the number of gift cards they purchase this year by 12%, compared to 2022, and increase the value loaded on those cards by 7%, according to research from card platform Blackhawk Inc. released Tuesday. Blackhawk’s survey found that 37% of respondents have purchased more gift cards …

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Bluevine Launches Accounts Payable Tech That Integrates Bill Payments for Small Firms

Bluevine Inc., a provider of business-banking technology, has launched an accounts-payable solution for small and mid-size businesses. The application enables SMBs to manage bill payments from their Bluevine Business Checking account. SMBs can upload bills and invoices to a dashboard for viewing and to schedule payments. Supported payment options include …

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