Monday , December 2, 2024

Credit Cards

Appetize Payments Served up and other Digital Transactions News briefs from 5/18/21

Appetize Technologies Inc., a provider of point-of-sale technology for the hospitality and entertainment industries, launched Appetize Payments, which combines payment processing with the company’s cloud-based software.Ally Lending, the personal-lending unit of Ally Bank, a subsidiary of Ally Financial Inc., said buy now, pay later provider Sezzle Inc. will offer Ally’s longer-term …

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MagicCube Partners With Dojo to Roll Out i-Accept in the U.K. And Ireland

MagicCube Inc. announced Monday that Dojo, a United Kingdom-based payments provider, will adopt MagicCube’s i-Accept software, which converts off-the-shelf mobile devices into point-of-sale terminals. Dojo will integrate i-Accept into its SoftPos + PIN platform in the United Kingdom and the Republic of Ireland.   The integration is expected to give Dojo …

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COMMENTARY: From the Unbanked to the Digerati, Banks Must Decode the New Payments Landscape

Amid one of the greatest crises in a century, the way we execute commerce and pay for goods and services has seen an acceleration that will be with us long after we return to some semblance of normalcy. The Covid-19 pandemic has accelerated by five years or more the adoption …

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With More than 700 Transit Projects in the Pipeline, Visa Sees Tap-to-Pay Transit Payment Surge

As the veil of the Covid-19 pandemic begins to lift, consumers are beginning to resume some of their daily activities. One is returning to the office. While not all are doing this yet, the expectation is that mass-transit systems will soon see ridership bloom. One indicator is that Visa Inc. …

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PayPal Makes Greater Use of Google Cloud and other Digital Transactions News briefs from 5/14/21

With its active user count having jumped 24% to 392 million during the pandemic, PayPal Holdings Inc. said it is moving more of its infrastructure and workloads to Google Cloud.CareTime, a software platform for home caregivers, introduced a capability to accept credit cards and e-checks within the platform.Wirex Ltd., whose platform allows consumers …

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The Numbers Behind Younger Users’ Love Affair With Mobile Wallets And Online Banking

While mobile-wallet ownership holds steady at 45%, younger consumers are embracing the payment technology more readily than they were 10 months ago, according to a research from the big processor FIS Inc. As of February, 65% of young Millennials use a mobile wallet, compared to 59% in April 2020. In …

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Priority’s Revenue up 22% and other Digital Transactions News briefs from 5/13/21

Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …

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U.S. Consumer Spending Is Gaining Strength Fast, a New Index Based on Visa Data Shows

Visa Inc. on Wednesday introduced to the general public its Visa Spending Momentum Index, a measure of what the global payments network calls “the health of consumer spending,” and the latest number indicates the U.S. economy is doing far better in the wake of business reopenings. In April, the index …

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MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21

MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …

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Past Its SPAC, Paysafe Logs First-Quarter Gains While Seeking to Expand in U.S. iGaming

Paysafe Group Holdings Ltd. has had an eventful six months, and on Tuesday the big processor indicated it’s going to be busy cultivating its stakes in U.S. online gambling and other specialized markets. “Our goal is to be the leading specialized payments platform,” declared chief executive Philip McHugh during a …

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