Digital-payments platform Kasheesh, which allows consumers to split purchases between debit, credit, and prepaid cards for online purchases, has introduced a one-time-use Visa card to its mobile wallet that can be used at physical stores. The feature, called Mobile Wallet Dashboard, allows users to add their Kasheesh account to their …
Read More »COMMENTARY: How Payments Have Boosted the Customer Experience
When you’re pressed for time, there’s probably a handful of neighborhood stores where you shop regularly. You can depend on them in those hurried moments, whether it’s the small retailer that stocks your favorite items, the local coffee shop that knows just how you like your coffee, or the mobile …
Read More »Higlobe’s Prepaid Card And Other Digital Transactions News briefs from 4/7/23
Cross-border payments fintech Higlobe Inc. said users can make payments in the United States from their Higlobe account with a new Visa prepaid card issued by Dash Solutions. POSaBIT Systems Corp., a payments platform specializing in the cannabis industry, said a previously announced agreement under which it would acquire MJ Platform, Leaf …
Read More »Stripe Recaps a Strong 2022, Though Growth Has Slowed
While Stripe Inc. did not experience what it terms the “breakneck” growth it enjoyed in 2020 and 2021, the e-commerce payments giant still processed more than $817 billion in total volume in 2022, up 26% from the previous year, the financial services and software-as-a-service company told customers in its annual …
Read More »Square Parent Block Slaps Mastercard And Visa With an Antitrust Suit Over Card Acceptance Costs
In a major case whose effects could ripple widely across the payments industry, Block Inc. has sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays interchange …
Read More »CardX Expands Online Payment Capabilities with Mastercard Click to Pay
Payment processing platform CardX is making Mastercard Click to Pay available on Lightbox, its online payment form, to all existing and new card-not-present merchants on its platform. Mastercard Click to Pay stores a consumer’s payment information using an encrypted, virtual card number to enable secure online shopping. Lightbox enables consumers …
Read More »EV Charging Cash Back to PayPal Wallet And Other Digital Transactions News briefs from 4/5/23
Participants in the new SmartCharge New York electric-vehicle charging program in the New York City area can receive cash back to their PayPal or Venmo accounts if they charge their vehicles during low-demand hours. The program is overseen by electric utilities Con Edison and Orange & Rockland, which are working with ev.energy, …
Read More »Eye On Small Businesses: PayPal Adds Apple Pay Checkout; NAB Picks Virtualitics for Data Insight
PayPal Holdings Inc. has added four new features to its payment service for small online businesses that are expected to increase conversion, reduce declines and the risk of fraud, and provide greater transparency into processing costs. PayPal’s small business customers will now be able to offer Apple Pay at checkout, …
Read More »Finix Tags New Merchant Market And Other Digital Transactions News briefs from 4/4/23
Finix Payments Inc. released its payments service for merchants that want to use embedded payments. Its first product was geared to software platforms. The new segment provides payments processing while enabling the merchant to control their customers’ online and in-person shopping experiences. Aeropay, a cannabis industry payments provider, said it and Onfleet, …
Read More »The Rise of Digital Wallets: Plan Now or Plan to Fail
Digital wallets are taking on new meaning as merchants grapple with how to stay relevant with consumers’ preferred ways to pay. With the total number of digital-wallet users expected to exceed 5.2 billion globally by 2026, wallets benefit consumers and merchants alike, offering swift payments and convenience that expedite the …
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