The pandemic has in a few months’ time brought changes to the payments business that otherwise might have taken years—even in mundane environments like parking. One big development emerged Thursday with the announcement that TIBA Parking Systems, which manages access to more than 1.9 million parking spaces in the United …
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NCR Corp. said it acquired Freshop, a grocery e-commerce services provider. Terms were not disclosed. NCR estimates that buy online, pick up in store shopping will increase 25% per year through 2025.Payment Alliance International said it acquired the ATM portfolio of B & B Music & Video, consisting of 580 company-owned and …
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An executive order by President Donald Trump banning a pair of major Chinese payments apps comes in the waning days of his administration and may leave more questions than it answers, observers say. The order, issued Tuesday, prohibits transactions on eight China-based apps, including the hugely popular Alipay and WeChat …
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Payments platform Qualpay said it is now supporting Google Pay transactions in recognition of increasing consumer usage of mobile wallets.Payments-technology provider Cardknox launched a beta version of its partner portal, intended for the use of sales partners and independent sales vendors to onboard and manage merchant-processing accounts.Digital-payments provider Payrailz has launched Action Insights, a service intended …
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PayPal Holdings Inc. may have prevailed in its lawsuit against the Consumer Financial Protection Bureau over the CFPB’s rules pertaining to prepaid cards and digital wallets, but the overarching legal battle is likely to continue. The ruling, which was handed down Dec. 30 by U.S. District Judge Richard Leon and …
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In the week before and the week of Christmas, consumers markedly increased their use of mobile wallets, with mobile wallets loaded with a debit card increasing 79.2% from the same weeks a year ago, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Use of mobile …
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Buy now, pay later provider Afterpay Ltd. said users’ average ticket increased 30% in the fourth quarter compared to the same period in 2019.Affirm Inc. completed its acquisition of PayBright, a buy now, pay later provider in Canada.PayPal Holdings Inc. announced a check cashing feature for select Venmo app users. This enables them to have funds …
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Count down the 10 most popular stories published in the Digital Transactions News daily newsletter in 2020. #10 Processor Paya Will Go Public Via a So-Called SPAC Merger (Aug. 3) #9 Feeling Heat, Square Explains Its New Reserve Policy (June 23) #8 After Beating Wells Fargo Twice in Court, USAA …
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Bitcoin, the world’s largest and most well-known digital currency, is ending the year above $28,000, a quadrupling of its value since the start of 2020. Its market capitalization as of Dec. 30 is $536 billion, up from $133 billion at Jan. 2.RevoluGroup Canada Inc. has launched the RevoluEX Cryptocurrency Exchange that …
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Challenger bank Current said it is the first fintech in the country to receive the second round of federal stimulus payments and is making the funds available to members immediately. The stimulus bill, which provides for $600 payments to individuals, was approved by Congress Dec. 21 and signed by President Donald Trump …
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