Competitive Strategies

Huntington Bancshares Inc. said it is establishing a unit within the bank dedicated to payments strategy and investment. Amit Dhingra has been appointed to lead the group as Enterprise Payments Director.A platform called i-payout said it is launching a real-time service for payouts in the U.S. and Canada. Rather than …

The drive to achieve mainstream merchant acceptance of cryptocurrency received a boost Thursday as Shopify Inc. and DePay, a Swiss blockchain payments platform, teamed up to enable consumers to send direct payments to Shopify merchants’ wallets.  Shopify will leverage DePay’s blockchain to enable merchants to receive any preferred tokens, with …

The financial stresses brought on by inflation and other after-effects of the pandemic are starting to damage consumer satisfaction with payments apps, according to the results of a series of J.D. Power surveys, results of which were released early Thursday. Indeed, consumer satisfaction seems to be dropping even as app …

In a sign of buy now, pay later’s deepening penetration of digital payments, Affirm Inc. is partnering with payments-technology provider Stripe Inc. to make its Adaptive Checkout application available to Stripe clients in the United States. Launched in 2021, Adaptive Checkout uses Affirm’s decisioning engine to offer consumers personalized bi-weekly …

Since going public a year ago, Payoneer Global Inc. has been capitalizing on its capabilities in key cross-border payments capabilities, including direct transfers and mass payouts. Its reach now includes big international online marketplaces with its announcement early on Wednesday that it will process payments for merchants selling on SEAGM, …

To expand its iGaming business and revitalize its digital-wallet business, Paysafe Ltd. on Monday announced it is increasing the wagering limit for high-stakes online gamblers using its Skrill USA wallet to fund their iGaming accounts.  The feature is expected to appeal to high rollers who make five- and six-figures wagers. …

Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020.  The U.S. market, indeed, saw its ATM count …

Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …

Having weathered an industrywide downturn in sales that began during the third quarter of 2021, cannabis-payments processor POSaBIT Systems Corp. late Thursday reported strong first-quarter sales and revenue. Transactions totaled $103 million, a 61% increase from the same period last year, and revenues totaled $6.4 million, up 79%. Same-store sales …

The explosive growth in e-commerce has not been contained within national borders, which creates a market for processors capable of handling cross-border payments. PingPong Payments, a specialist in this market, early Friday announced an acquiring agreement with Europe’s largest bank, BNP Paribas, that the U.S.-based processor expects will reinforce its …