Klarna AB said it is extending its Pay in 4 buy now, pay later service to subscriptions, the first time BNPL has been offered to this segment of the economy, according to the company.Payfare Inc., a specialist in instant payouts to gig workers, reported its user count rose 37% in the …
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Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …
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Global merchant dollar volume grew 20% in the third quarter year-over-year for processor Fiserv Inc., while global e-commerce volume increased 21%, the company reported. Overall global transactions expanded 16%. The company did not report actual figures. Revenue for the quarter was $3.96 billion, up 10%. Year-to-date revenue was $11.37 billion, an …
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American Express Co. said it and Goldman Sachs Transaction Banking are collaborating on a cloud-based payments service for large corporate clients. AmEx’s virtual cards will be available in the Goldman Sachs TxB platform, which already offers automated clearing house, wire, and foreign currency payments.A study from Alliance Data Systems Corp. indicates 27% of …
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AppsFlyer, a marketing measurement platform, said e-commerce retail app installations increased 55% on Android devices and 32% on iOS devices in 2021 in its latest “State of eCommerce App Marketing” report. In-app spending is up 35% and could increase to 42% by November.Payments-technology provider GK Software said it has completed an installation …
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The story of debit cards in the pandemic year of 2020 turns out to have several chapters—including higher average tickets, a sharp swing to card-not-present usage, a dramatic surge in contactless adoption, and higher mobile-wallet usage. Meanwhile, account-to-account transfers turned out to be the fastest-growing form of debit, though usage …
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The overall costs of phishing attacks on businesses have nearly quadrupled since 2015, rising from average losses of $3.8 million per company in 2015 to $14.8 million in 2021, according to research from cybersecurity and compliance company Proofpoint Inc. and Ponemon Institute.Uplift Inc., a buy now, pay later provider specializing in travel, …
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Repay Holdings Corp. said its second-quarter card payment volume of $4.6 billion increased 28% from $3.6 billion in the 2020 second quarter. Revenue of $48.4 million was up 32.6% from $36.5 million a year ago. Repay had a net loss of $13.4 million, an improvement from its $83.2 million loss in …
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NCR Corp. said it will acquire LibertyX, a cryptocurrency software provider. Its software runs on ATMs and point-of-sale systems. Terms were not disclosed. The deal is expected to close later this year.EVO Payments Inc. said it acquired Anderson Zaks Ltd., a payment gateway based in the United Kingdom. Terms were not disclosed.Paysafe Ltd. said it …
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Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased …
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