July 23, 2021
Competitive Strategies, Digital Currency, Mobile Wallets, Point-of-sale
Blockchain-based business-to-business payments network Paystand Inc. announced a $50-million Series C funding round led by NewView Capital.Payments provider Paystone Inc. received a $30-million investment from Credit Mutuel Equity. Paystone said it will use the funds to fuel growth.ForumPay, whose technology converts cryptocurrency spent by consumers into fiat currency for processing, said it will work with …
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July 22, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased …
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July 21, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Point-of-sale
The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …
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July 21, 2021
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …
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July 20, 2021
Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Marketing, Mobile Wallets, Transaction Processing
Card-based cryptocurrency transactions at the point of sale require conversion of the crypto assets to fiat currency for acceptance by the card networks. Now, the two top card networks are starting to change that. Mastercard Inc. early Tuesday said it will work with a pair of issuing banks and several …
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July 19, 2021
Acquiring, ATMs, Competitive Strategies, Debit Cards, Digital Currency, Issuing/Originating, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Business payments provider Bill.com announced the $625 million acquisition of Invoice2go, a mobile-first accounts receivable software provider. The stock and cash transaction is expected by the end of 2021.U.S. blockchain-payments specialist GreenBox POS LLC has agreed to acquire Europe-based processor Transact Europe Holdings OOD for 30 million euros, or approximately $35 million. The deal …
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July 16, 2021
Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets
Responding to consumer demand for an easier way to shop and earn rewards online, Raise Marketplace LLC announced Thursday the launch of an in-app shopping feature for its Slide mobile app. Consumers can now connect directly through the Slide app to the company’s more than 200 merchant partners to shop, …
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July 16, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payments provider Shift4 Payments Inc. announced preliminary results for the quarter ended June 30. It expects end-to-end payment volume—activity it processes rather than directing it through its gateway to other processors—in the range of $11.78 billion to $11.82 billion. Gross revenue will total between $345 million and $350 million.Blockchain payments and financial-services provider Circle …
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July 14, 2021
Acquiring, Competitive Strategies, Digital Currency, Issuing/Originating, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …
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July 12, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …
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