Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …
Read More »How Consumers’ Growing Adoption of BNPL Is Getting the Ad Dollars Flowing
The heady times for buy now, pay later just keep on rolling. Now, with 44% of consumers saying they have used BNPL options to make a purchase, according to personal-finance company Credit Karma LLC, providers of the point-of-sale financing have opened the ad-spending spigot. A new report from MediaRadar, a …
Read More »Intuit Expands Its Payments Reach to Small Businesses And Takes Aim At Square
Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …
Read More »Mastercard And Previse Team Up to Enable Same-Day Cross Border Payments
The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform. The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …
Read More »Plaid Announces New Tools to Make It Easier for Developers to Scale Faster
As part of its strategy to support application developers, open-banking platform provider Plaid Inc. this week introduced at its developer conference several tools to help developers create a broader range of financial technology applications regardless of the programming language developers use. The new suite of tools include Plaid Pattern apps, which …
Read More »KyckGlobal Enables Echo Health To Digitize Claims Payments
As part of its strategy to automate payouts for health-care and property-and-casualty carriers, Echo Health Inc., a provider of payment technology to insurance carriers, is partnering with KyckGlobal Inc. to enable claimants to receive payments digitally through PayPal, Venmo, push to card through Visa Direct, and the automated clearing house. …
Read More »Consumers Are Flocking to E-Commerce, But They’re Hitting Too Many Brick Walls, Stripe Says
Despite consumers’ expectation that checkout during an e-commerce purchase should be fast and instinctive, most online merchants still have checkout procedures that add unnecessary friction, says a survey from online-payments powerhouse Stripe Inc. The report, released Tuesday, reveals that 96% of 200 North American e-commerce merchants surveyed had committed at …
Read More »Computop Leverages NFC Tags to Enable Mobile Contactless Payment Without An App
NFC tags, a technology commonly used to enable contactless payments through a mobile device at the pump and at vending machines, are making their way to the physical point-of-sale. Computop, a Bamberg, Germany-based provider of omnichannel and fraud-prevention solutions, announced on Tuesday Computop Close-by, a payment solution that uses NFC …
Read More »The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments
The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …
Read More »Fiserv’s Clover Brings Cashless Payments to Major League Soccer’s Philadelphia Union
Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …
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