Porter Airlines this spring will launch its VIPorter Mastercard card program, working with Mastercard Inc. and the Canadian banking giant BMO. Payments platform Repay announced an integration with the underwriting platform Worth to allow for faster merchant onboarding and vendor connections. Credit union service organization Velera released its card-on-file service that enables cardholders to update …
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The fintech Codego Ltd. has launched its Cryptogateway software, which enables merchants in 33 countries to accept cross-border in-person and e-commerce transactions in cryptocurrency and receive the funds in fiat money in an IBAN account. IBAN accounts are typically used to hold funds arising from cross-border transactions. The new service, which works …
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Canada-based processor Nuvei Corp. announced early Monday it has closed on its acquisition of Paywiser Japan Ltd., a deal that will expand Nuvei’s position in the Asia-Pacific market. The deal, which includes Paywiser’s acquiring license, will connect Nuvei to merchants in Japan through direct acquiring capabilities. It also includes links …
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Bold Commerce Inc., a developer of e-commerce checkout software, has added two integrations to OpenCart and Gravity Forms to enable small and mid-size businesses using those platforms to accept any PayPal payment option, including Fastlane and Venmo. OpenCart is a free, open-source platform for building and managing online stores. Gravity Forms …
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Top executives at American Express Co. early Friday celebrated the final quarter of what they said was a year to remember. “We delivered record revenue, record net income, and new records in many categories,” including all-time-high cardholder spending, AmEx chief executive Steve Squeri told equity analysts during a conference call …
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Merchants are increasingly levying surcharges on purchases made with credit cards to help offset processing fees, a new study from J.D. Power finds. Some 34% of merchants surveyed are adding surcharges for credit card transactions, the study says. The study also found that flat-rate pricing lends merchants greater impetus to …
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Fiserv Inc. early Thursday announced Michael P. Lyons will take over as chief executive at Fiserv Inc., replacing Frank Bisginano. Lyons, who is also taking on the office of president at the Milwaukee-based company, arrives from PNC Financial Services Group, a Fiserv client, where he was president and a key …
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Discover Financial Services reported payments volume of $102 billion for the fourth quarter of 2024, up 4% year-over-year, including a 7% rise for the Pulse electronic funds transfer network and a 9% increase for Diners Club. Overall, the company reported a 14% increase in revenue net of interest expense, to $4.76 …
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The Maryland legislature held a hearing late Tuesday on a bill prohibiting interchange from being charged on sales tax and gratuities linked to credit and debit card transactions. The bill, introduced by Delegates Todd Morgan and Brian Crosby, is the latest in what is expected to be a flurry of …
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JetBlue Airways Corp. announced Tuesday that it has become the first airline to accept PayPal Holdings Inc.’s popular Venmo payment service for online bookings. Queens, N.Y.-based JetBlue says Venmo currently is available on JetBlue.com, and the service will roll out on the JetBlue mobile app in the coming months. U.S. …
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