Marketing

Payments are expected to play a significant role in the economic recovery that will take place as the Covid-19 pandemic eases, says a new report from Boston-based Aite Group. The ways payments can help jump-start the economic recovery include reducing friction at the point-of-sale, increasing payment access, and integrating the …

In the ever-more competitive game of payments and open banking, direct data connections matter. On Thursday, MX Technologies Inc. claimed to have more than any other data aggregator, announcing it has exceeded 50,000 links to financial institutions and fintechs. The 10-year-old company, based in Lehi, Utah, competes with major aggregators …

Under an expanded agreement, cross-border payments specialist TransferWise Ltd. will issue Mastercard debit cards in any market globally where Mastercard is accepted and TransferWise is licensed. TransferWise has issued more than 1 million cards globally since the agreement commenced in Europe in 2018.Consumer satisfaction with credit card issuers is plummeting as the Covid-19 pandemic …

Now that Google’s Waze app has embedded a payment option into its software, the integration of navigation apps and payments and loyalty at the pump is under way, experts tell Digital Transactions News. Last week, Waze announced it has integrated an option that consumers can use to pay at the …

American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …

Prepaid payments specialist InComm Inc. announced a big step in the Canadian market this week with a deal to expand its services this summer to some 704 grocery stores in Ontario and Quebec using the Metro banner or affiliated brands owned by Metro Inc. InComm says it will offer Metro …

Payments-industry veterans Con Coughlin and Mackenzie Walsh have formed CardSmart.io, aimed at providing services including portfolio acquisition and merchant funding while working with independent software vendors, independent sales organizations, agents, and resellers.Houston-based P97 Networks Inc. announced it has been chosen by ExxonMobil Asia Pacific Pte Ltd. to enable mobile payments at Mobil-branded stations …

With the Covid-19 pandemic accelerating restaurants’ transition to digital payment technology, processors Shift4 Payments Inc. and SpotOn Transact Inc. have beefed up their platforms through deals to add third-party applications.  Allentown, Pa.-based Shift4 has agreed to integrate San Francisco-based Uber Technologies Inc.’s Uber Eats delivery app to its point-of-sale platform. …

More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …

Helped by a collaboration with Visa Inc., Billtrust’s Business Payments Network recorded a 118% increase in payments volume in the first half of 2020 compared to the same period last year. BPN enables banks and corporate buyers to send digital payments to suppliers’ acceptance platforms.Capital Bank N.A. said it has upgraded its digital …