Competitive Strategies

The Consumer Financial Protection Bureau order handed down Thursday that asks Google, a unit of Alphabet Inc., Apple Inc., Facebook Inc., Amazon.com Inc., Square Inc., and PayPal Holdings Inc. to turn over information about their payments products, plans, and practices has industry observers lining up on both sides of the …

American Express Co. reported strong results Friday morning for its third quarter as its top executive said the company hasn’t exhausted its interest in acquisitions, though he added the New York City-based payments company is cool to the prospects for cryptocurrency as a medium of exchange. Chief executive Stephen Squeri …

International payments provider Klarna Bank AB acquired Inspirock, an online trip planner used by 25 million customers annually. Terms were not disclosed.In related news, Klarna said it is working with software-as-a-service platform provider Wix.com Inc. to enable Wix’s e-commerce merchants in 17 countries to accept payments through Klarna.Processor Lightspeed Commerce Inc. expanded its Lightspeed Capital program …

As part of its strategy to remove friction from the accounts-payable and accounts-receivable process for small and medium-size businesses, payment-technology provider Veem Inc. on Thursday announced a partnership with Q2 Holdings, Inc., a provider of digital banking and lending solutions. Under the terms of the deal, Veem will make its …

Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …

The heady times for buy now, pay later just keep on rolling. Now, with 44% of consumers saying they have used BNPL options to make a purchase, according to personal-finance company Credit Karma LLC, providers of the point-of-sale financing have opened the ad-spending spigot.  A new report from MediaRadar, a …

Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …

Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …

Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …

The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform.  The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …