Buy now, pay later provider Sezzle Inc. has added Spanish-language capability to its app. The addition is expected to broaden Sezzle’s appeal among Spanish-speaking consumers in the United States. There are more than 40 million Spanish-speaking consumers in the United States, according to Sezzle, while Spanish-speaking customers represent about 22% …
Read More »Blue Payment Agency’s Shopify Workaround Using Authorize.net
Merchants selling weapons like knives and collectible swords often have difficulty peddling them online, but Blue Payment Agency Inc. has launched a service to help do that while getting access to Shopify Inc.’s e-commerce platform. Announced Tuesday, the service from Windham, Maine-based Blue Payment Agency enables knife-selling Shopify merchants to …
Read More »British Regulators Eye Digital Wallets and other Digital Transactions News briefs from 7/16/24
Two British regulatory agencies will examine the practices and policies of digital wallets offered by technology firms, according to a report on SeekingAlpha.com. Specifically, the Financial Conduct Authority and the Payment Systems Regulator want to know the benefits and risks of digital wallets. Restaurant reservation platform OpenTable said it will offer eligible Visa Inc. …
Read More »Eye on E-Commerce: U.S. Online Retail to Top $1.2 Trillion; Shopify Enlists Red Van
U.S. online retail sales will continue their steady growth and continue to snare more overall retails sales, suggests the “2024 Online Retail Report” from FTI Consulting Inc. The research forecasts $1.2 trillion in U.S. e-commerce sales this year, up 9.1% from 2023’s $1.1 trillion. That forecast comes as online sales …
Read More »Wirex’s Crypto Tie-in to Cards and other Digital Transactions News briefs from 7/15/24
The U.K.-based payments platform Wirex said it will work with Visa Inc. to integrate digital currencies with Visa cards in the U.K. and European Economic Area. As part of the collaboration, Wirex said it is launching Wirex Pay, a service aimed at easing use of both traditional money and cryptocurrency. Payment gateway Freedom …
Read More »A Card Issuer Trade Group Turns Up the Heat in Its Anti-CCCA Campaign
The Electronic Payments Coalition’s attack this week against the Credit Card Competition Act calls out retailers Target Corp. and Walmart as greedy mega-corporate stores that stand to profit at the expense of consumers should the legislation pass. The aggressive tone of the EPC’s “high six-figure” campaign, unleashed this week, signals …
Read More »Eye on POS: MagTek Secures ExpiTrans As a Reseller; Visa Readies for 2024 Olympics
Point-of-sale technology company MagTek Inc. has lined up payments provider ExpiTrans as a reseller of its QwickPAY POS software. Meanwhile, Visa Inc. says its technology is ready for the start of the summer Olympics in Paris in two weeks. Seal Beach, Calif.-based MagTek says ExpiTrans will market its software to …
Read More »FundKite Moves Beyond Business Financing With Its Launch of a Merchant Services Division
FundKite, a fintech that provides financing to small and medium-size businesses, has broadened its services with the launch of a payment-processing division. The move will enable FundKite to expand its services beyond offering capital to merchants by providing them with a one-stop processing and financing shop, the company says. In …
Read More »Apple Agrees to Let Wallet Developers in Europe Access the iPhone’s NFC Chip
Under pressure from the European Commission, Apple Inc. agreed Thursday to open the contactless-payment technology in its iPhone for payments on wallets from outside developers. The agreement follows two years of investigation by the regulator, which has argued the exclusion of rival wallets from using the iPhone’s near-field communication chip …
Read More »BNPL Satisfaction High and other Digital Transactions News briefs from 7/11/24
A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the …
Read More »