Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …
Read More »How Insurers Have Proven To Be a Big Growth Market for Digital Payouts
The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …
Read More »GreenBox Gains a BIN From Merrick Bank As It Eyes Bigger Merchants for Blockchain Processing
Much of the publicity swirling around blockchain technology concerns its use for recording and managing cryptocurrency, but there has been little talk about using blockchain to manage merchant transactions. GreenBox POS, a San Diego-based processor, changed that on Monday with its announcement that it has secured a bank identification number, or …
Read More »Eye on Acquirers: Paysafe Launches a Virtual Visa for Skrill, And Nuvei Advances in Sports Betting
Paysafe Group Holdings Ltd. said Thursday it is launching in the U.S. market a digital version of its Visa-branded Skrill prepaid card. A Web version is available now, while an app that works with Paysafe’s Skrill wallet coming later this year. As with physical version of the card, the virtual …
Read More »Certegy Debuts White-Label BNPL Option and other Digital Transactions News briefs from 5/20/21
Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …
Read More »Eye on E-Commerce: Digital River’s Single Integration; BitPay Signs Jomashop for Crypto
With consumers flocking to online stores and marketplaces, processors and technology providers are carving out new paths to make it easier to sign up sellers and process their transactions. The latest development comes from commerce platform Digital River, which on Wednesday launched a program that allows independent software vendors and …
Read More »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 …
Read More »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 …
Read More »Afterpay Adds Another Retailer and other Digital Transactions News briefs from 5/17/21
The Container Store Group Inc. next month will start offering installment payments from buy now, pay later specialist Afterpay Ltd.With the accelerating conversion of cash to electronic payments, the total value of transactions processed by point-of-sale terminals will grow to more than $17.3 trillion globally in 2026, up from $14.8 trillion this year, …
Read More »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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