Visa Inc. has restructured its money movement services under the Visa Direct portfolio, which now includes Visa B2B Connect, Currencycloud, Yellowpepper, and Visa Direct. Cash App, the peer-to-peer payment service and wallet from Square, said Lyft ride-share users can now pay for fares with Cash App. Truist Financial Corp. launched its Electronic …
Read More »The FTC Releases Its Final Click-to-Cancel Rule
More than a year after proposing a click-to-cancel rule for subscriptions and recurring transactions, the Federal Trade Commission released a final version of the measure, officially called the Negative Option Rule. Announced Wednesday, the rule’s five primary elements call for important subscription information to be truthful, clear, and easy to …
Read More »Apple Pay’s 10th Anniversary and other Digital Transactions News briefs from 10/17/24
Apple Inc. which is celebrating the 10th anniversary of the introduction of Apple Pay, said the payments service is now supported by more than 11,000 banks and networks globally and has attracted “hundreds of millions” of users in 78 markets around the world. Buy now, pay later provider Klarna AB payment options …
Read More »Oracle Health Payments Debuts and other Digital Transactions News briefs from 10/16/24
Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …
Read More »Eye on Software: Fear Free Inks a Gravity Tie in; Weave’s Tweaks for Vet Practices
Two payments providers, in separate developments, are fine- tuning their services for veterinary-practice software makers. Gravity Payments Inc. has an integration with Fear Free LLC, a software developer, and Weave is updating its software for veterinary clinics. Broomfield, Colo.-based Fear Free says it will offer Gravity’s payment option with its …
Read More »Motions Fly in the Battle Over the Illinois Interchange Case Ahead of an Oct. 30 Hearing
Plaintiffs in the lawsuit seeking to overturn the Illinois Interchange Fee Prohibition Act filed a motion late Friday requesting the court deny a request from several merchant organizations to join the Illinois Attorney General as defendants in the suit. At the heart of the plaintiffs’ argument is that the Illinois …
Read More »‘The Days of Easy Secular Growth Are Behind Us,’ Warns a New Report
Payments revenue, which grew at a healthy clip through last year, is going to see a drastically slower growth rate over the next five years, argues the Boston Consulting Group in a report issued early Monday. Worldwide payments revenues, which totaled $1.8 trillion last year, will increase at a compound …
Read More »Stripe Returns to Crypto Support; Alchemy Pay Adds Samsung Pay To Its Wallet Offerings
Six years after dropping its support for cryptocurrency, Stripe Inc. is once again enabling its merchants to accept the digital money. As of Oct. 9, Stripe merchants can now accept USD Coin, a stablecoin that settles transactions in U.S. dollars. In the first 24 hours after launch, consumers from more …
Read More »Eye on Acquiring: Windsor Picks Manhattan POS Tech; Bluu Acquires JS Merchant Solution
Women’s apparel retailer Windsor Inc. will deploy the Manhattan Active Point of Sale technology from Manhattan Associates Inc. in its 350 locations. Also, merchant services firm Bluu Inc. will acquire JS Merchant Solution Inc., which does business as Smart Merchant Solution. Atlanta-based Manhattan Associates says the Windsor installation of its …
Read More »Affirms Inks Deal with U-Pack and other Digital Transactions News briefs from 10/11/24
Buy now, pay later specialist Affirm Inc. has agreed to offer financing options to customers using ArcBest’s U-Pack moving company. Weave, a provider of payments and management software to medical practices, introduced Call Intelligence, technology based on artificial intelligence and aimed at analyzing data from patient calls. Payments processor HubSpot Inc. said it agreed …
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