Payments-technology provider XTM Inc. said it has added Apple Pay and Google Pay to its U.S. Today mobile wallet. The company says it has rolled out more than 100,000 wallets so far.Payments provider Nuvei Corp. said it will process payments for cryptocurrency by holders of the Ledger hardware wallet. With the agreement, holders can buy crypto …
Read More »Eye On Earned Wage Access: CloudPay Partners With Visa; indi Rolls out Early Pay
CloudPay, a provider of employee payment solutions, is partnering with Visa Inc. to enable payroll to be deposited directly to employee debit or credit cards through Visa Direct, Visa Inc.’s real-time payment network The new service is expected to provide employees immediate access to their funds compared to the two …
Read More »A Link to Plaid Lets Green Dot Leverage Open Banking for Its New GO2bank Mobile App
Underscoring the rising profile of open banking in consumers’ financial lives, Green Dot Corp. early Tuesday said it has completed an integration for its GO2bank mobile banking app with the Plaid Exchange network from Plaid Inc. The move will connect users of Green Dot’s app, launched only in January last …
Read More »Mobile Tax Payments up 27% and other Digital Transactions News briefs from 3/15/22
Payments provider ACI Worldwide Inc. said its data indicate the number of tax payments made via a mobile device has increased 27% over the same time last year, while the dollar value has climbed 40%. Tax payments via credit card are up 13%, and have increased 8% by debit card. Dollar value …
Read More »Affirm Metrics Outperform and other Digital Transactions News briefs from 3/14/22
Buy now, pay later specialist Affirm Inc. said its fiscal quarter-to-date financial metrics exceeded its expectations, leading it to revise its financial outlook. Affirm on Feb. 10 had expected its gross merchandise volume to be no more than $3.71 billion, but now says it will be at least that much.Aplazo, a buy …
Read More »As Visa And Mastercard Ready New Interchange Schedules, Merchants Brace for the Impact
Having held off for the past two years, the country’s two biggest card networks are preparing revisions to their interchange schedules that at least one research firm says will cost U.S. merchants an estimated $475 million in additional transaction fees. Though Visa Inc. and Mastercard Inc. have historically revised their …
Read More »Texas Roadhouse Partners With Ziosk to Roll Out a Tableside Ordering And Payment Platform
With consumers starting to dine out again, improving their dining experience through digital ordering and tableside payments solutions is becoming a pressing need for restaurants. Texas Roadhouse has become the latest restaurant chain to take the digital plunge, implementing Ziosk’s Cloud Commerce Platform for digital tableside ordering and payments. The …
Read More »eBay To Launch its Own Digital Wallet and other Digital Transactions News briefs from 3/11/22
E-commerce platform eBay Inc. announced it is launching a digital wallet, its first, to allow sellers to use proceeds from their sales to make purchases or pay for selling expenses.The Western Union Co. has suspended operations in Russia and Belarus in response to Russia’s invasion of Ukraine. The move follows decisions by other global …
Read More »COMMENTARY: Here’s Why Demand Is Increasing for Digital Access to Short-Term Funds
The ongoing Covid-19 pandemic continues to impact consumer finances and financial habits. On the one hand, since the onset of the pandemic, the bank deposits of American households have been at a record high, partially due to limited spending on entertainment and travel, reduced in-person shopping, and the receipt of …
Read More »Targeting Growth Markets, PayNearMe Scores Walgreens for Its Merchant Network
Bill-payment platform provider PayNearMe Inc. will dramatically expand its merchant network with the addition of Walgreens Co. in an agreement announced Wednesday. The pharmacy chain adds nearly 9,000 Walgreens and Duane Reade locations to PayNearMe’s merchant network, bringing the company’s total to more than 40,000 retail locations. PayNearMe’s platform lets …
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