January 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …
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January 21, 2020
Acquiring, Competitive Strategies, Marketing, Point-of-sale, Transaction Processing
Two payments companies specializing in serving software application providers announced integrations. First, Pars Consulting Inc. completed the integration of LawPay, a payment service for law practices, for Curo365, a legal-practice software. Redmond, Wash.-based Pars said the LawPay integration with Curo365 will increase clients for both. “There were lots of payment …
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January 21, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Affirm Inc., provider of point-of-sale installment credit, announced StubHub will use its service to sell event tickets that buyers can pay for over time.Chinese tourists in the United States increased their mobile-payments usage in 2019 to 3.1 transactions out of 10 from 2.8 the year before, according to a report released by …
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January 20, 2020
Acquiring, Competitive Strategies, Point-of-sale, Transaction Processing
Amazon.com Inc.’s ambitions now include devices that could authenticate payments by scanning the palm of the customer’s hand. But while this latest twist in the e-commerce giant’s payments strategy could result in faster and more convenient transactions for users, it also could run into roadblocks that have scuttled similar ventures …
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January 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Transaction Processing
Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …
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January 17, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Featured, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
Consumers motoring in their Dodge Challengers and Ram pickup trucks are now able to pay for fuel at participating Shell Oil Co. gas stations from inside their vehicles using the vehicles’ infotainment systems. Shell announced Fiat Chrysler automobiles with Uconnect Market enabled will have access to the Shell Pay & Save …
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January 17, 2020
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …
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January 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
The newly-signed trade agreement between the United States and China, the number-one and number-two global economies, respectively, finally provides an avenue for U.S. payments firms to operate independently in China. Joint payments ventures with a local Chinese partner have long been the norm, but the new U.S.-China trade agreement—signed Jan. …
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January 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …
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January 15, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Transaction Processing
U.S. Bancorp, owner of the big merchant acquirer Elavon Inc., reported Wednesday that its fourth-quarter 2019 merchant volume rose 10.5% year-over-year on a nearly 14% increase in transactions. And U.S. Bancorp rival Bank of America Corp. said its volume for the Zelle person-to-person payments service jumped 76%. Minneapolis-based U.S. Bancorp …
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