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 »
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 »
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 »
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 …
Read More »
Mastercard Inc. and Citi announced they are working on a service to offer cross-border payments to Mastercard debit cards in 14 markets, including the United States. Cardholders in these markets will be able to receive payments from Citi clients in near-instant transaction times. Citi is using Mastercard Move, the card brand’s …
Read More »
With the national spotlight now shining on the Illinois Interchange Fee Prohibition Act, questions are being raised regarding merchants’ ability to comply with the law. The biggest challenge facing merchants will be separating tax and tips on credit or debit card transactions submitted to their card processor so they can …
Read More »
Block Inc.’s Square point-of-sale technology unit announced late Tuesday it completed development work on a new platform it says offers improvements in ordering and payments. According to the brief announcement, the new technology offerings will include capabilities such as pre-authorization of transactions and bar tabs “to sellers of all sizes …
Read More »
Canada-based BMO Financial Group launched PaySmart in the U.S. market. PaySmart is a credit card feature that lets users divide transactions of $100 or more into installments over three, six, or 12 months at a monthly fee. Travel payments network UATP has added buy now, pay later platform Floa as another installment payment option. …
Read More »
Illinois Senator Dick Durbin is refuting claims by plaintiffs in the Illinois interchange lawsuit that federal banking laws, such as the Durbin Amendment, supersede state laws. The latest back-and-forth is part of an unfolding lawsuit challenging the Illinois Interchange Fee Prohibition Act. In an amicus brief filed late Friday, Durbin …
Read More »
Open-banking platform Plaid is collaborating with digital-wallet provider Ansa to offer a pay-by-bank capability to restaurants and other merchants, with wallet transactions handled via the automated clearing house. Payments-technology platform Modern Treasury launched widened support for connectivity to FedNow and The Clearing House’s RTP network for real-time payments, as well as other moves to …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
