Alphabet Inc.’s Google unit on Wednesday announced a major overhaul of its 5-year-old Google Pay wallet to push beyond mobile payments and incorporate links and data Google says will generate daily usage. The move comes as major payment apps such as Apple Pay and Google Pay have sought to boost …
Read More »InComm Brings Cashless Payments to Sports And Entertainment Venues Via Prepaid Cards
With the Covid-19 pandemic surging across most of the United States, sports and entertainment venue operators are looking for ways to convert cash transactions to cashless payments. In response, Atlanta-based InComm Payments on Wednesday announced the Jacksonville Jaguars organization of the National Football League is allowing consumers to exchange cash …
Read More »Through Infinicept, Mastercard And MissionOG Bet on the Potential in Embedded Payments
Payments facilitator-services provider Infinicept on Tuesday announced it has received a new round of funding from Mastercard Inc. and MissionOG, a venture-capital firm specializing in financial services and software and co-founded by former Mastercard president and chief executive Gene Lockhart. The new funding round, the amount of which was not disclosed, …
Read More »Mastercard Moves to Bring Real-Time Account-to-Account Transfers to B2B Payments
Momentum for real-time payments in the United States picked up Monday as Mastercard Inc. announced it is adding account-to-account (A2A) payments functionality to its Track Business Payment Service. The new capability, which is rolling out in the United States and will be available globally by year-end 2021, allows companies to …
Read More »A New Virus Surge Will Send E-Commerce Volume Soaring Even Beyond Current Levels
With a second wave of the Covid-19 pandemic surging and bringing with it the fear of another nationwide lockdown, merchants can expect to see a minimum 20% to 30% increase in holiday e-commerce sales in 2020, compared to 2019, says ACI Worldwide Inc. The Naples, Fla.-based payments provider Thursday said …
Read More »InComm Teams With MoCaFi to Offer Free Reloads to Unbanked Prepaid Card Users
Payment technology provider InComm Payments is partnering with Mobility Capital Finance (MoCaFi), a mobile-based banking platform, to enable MoCaFi Mobility Debit Mastercard cardholders to load their cards at no charge. MoCaFi will absorb any costs related to the reload. The deal enables MoCaFi, which serves unbanked and underbanked customers, to offer …
Read More »Contactless Payment Provider Purewrist Partners With Processor i2c
Purewrist, a provider of contactless transaction technology, announced Tuesday its Purewrist GO wearable bracelet will go live on card issuer and processor i2c Inc.’s platform. Purewrist chose i2c as its payment processor because of i2c’s global footprint and its platform’s support for devices that enable contactless and mobile transactions, says …
Read More »Eye on Digital Payments: How Covid Is Impacting Business Payments; Contactless Guidance Emerges
The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …
Read More »Visa Hits Back After the Justice Department Challenges the Network’s $5.3-Billion Plaid Deal
Visa Inc. on Thursday delivered a rebuke to the Department of Justice’s antitrust lawsuit attempting to block its $5.3 billion acquisition of Plaid Inc., calling the lawsuit “legally flawed and contradicted by the facts.” The Department of Justice, which had filed the suit hours earlier, charges that Visa’s deal for …
Read More »Lightspeed Arms Itself for Heavy-Duty Competition With Its Acquisition of ShopKeep
Lightspeed POS Inc. on Thursday acquired ShopKeep Inc., a payments and commerce provider, for $440 million in cash and stock. Under the terms of the deal, Lightspeed will pay $145.2 million in cash and issue 9.5 million subordinate voting shares. The deal is expected to close by Dec. 31. RBC …
Read More »