Competitive Strategies

The Covid-19 pandemic sent shock waves through nearly every industry—not least the global supply chain. Every piece of the supply chain was impacted, from manufacturing and production to fulfillment. And because supply chains are the backbone of commerce, the implications radiated beyond supply-chain hubs and essential workers to also impact …

Nuvei Corp. said it will integrate Mastercard Send push payments into its payment technology platform. Send enables speedy funds disbursement for use cases like payroll, insurance claims, and refunds.Agilysys Inc., a provider of point-of-sale software for the hospitality industry, rolled out Agilysys Digital Marketing, which allows managers to send personalized messages …

Launched in 1989, Digicash introduced the first cryptocurrency. In the 1990s, it was considered leading-edge payments technology. But physical and digital currencies are payment networks. In payment systems, good technology is neither sufficient nor generally the biggest hurdle. No matter how good the technology, without critical mass they’re worth little.  …

Nacha, The Clearing House Payments Co. LLC and the Federal Reserve, which collectively manage the automated clearing house network, said the addition of a third daily processing window for same-day ACH took effect on March 19. The ACH network now settles payments four times each business day.Mobile-wallet technology provider Citcon USA LLC said …

With more merchants embracing omnichannel sales strategies that blend brick-and-mortar and e-commerce shopping, Blackhawk Network Inc. is enabling merchants to sell digital gift cards in-store.  With Blackhawk’s eGift card platform, merchants can engage customers at multiple marketing touchpoints throughout the store, such as gift card racks and gift card displays …

Citcon USA LLC is looking to connect U.S. e-commerce merchants with an array of digital wallets used by consumers in Latin America and Southeast Asia. The San Jose, Calif.-based company said late Thursday a single integration will enable transactions on more than 100 wallets used by consumers from a diverse …

The U.S. Justice Department is investigating Visa Inc.’s practices regarding online and in-store debit card acceptance, according to reporting by The Wall Street Journal. The probe is centered on whether Visa has restricted merchants’ ability to flow transactions over less-costly networks, according to sources who spoke to the newspaper.Fintech Enova International said it acquired Pangea …

With global economies expected to re-open as more consumers receive Covid-19 vaccinations, in-store retail spending will hit $22.8 trillion worldwide in 2022. That’s after in-store sales fell 7% in 2020 as many consumers shifted purchases online. The projection comes from London-based Kaleido Intelligence Ltd.  While the Covid-19 pandemic impacted in-store …

Contactless payments at small businesses served by point-of-sale technology provider CardFlight Inc. soared 296% in the past year, according to the payments provider’s latest Small Business Report. The report, initiated a year ago at the start of the Covid-19 pandemic, also found that overall sales at small businesses increased 56% …

Buy now, pay later provider Splitit Payments Ltd. announced new merchants Giant Bicycles, Super73, Mate Bike, Michael’s Jewelry and others now offer the installment payment service. Spliltit also reiterated that its service can be used with credit cards.Boutique marketplace Jane has integrated Klarna for buy now, pay later transactions.Fintech Rapyd said it is waiving up to …