Marketing

Visa Inc. reported $8.6 billion in net revenue for its December quarter, up 9% year-over-year, on $3.9 billion in credit and debit card volume, up 7.8%. Apple Inc. announced changes to iOS, Safari, and its App Store to meet European Union rules, including new options on its App Store to use payment …

A new way of shopping using the PayPal app and related services is in the offing. Announced Thursday, the update includes a one-click guest checkout experience, digital receipts PayPal calls Smart Receipts, a revised offers platform, and improvements to business profiles for Venmo, its social peer-to-peer payments service. The moves …

Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world. Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to …

Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …

Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …

Subscription management specialist Recurly Inc. released its 2024 State of Subscriptions report that found 45.5% of consumers chose debit as the subscription payment method, followed by credit cards, 33%, PayPal, 19.3%, and other alternative payment methods, 2.2%. Wise, a platform for international money transfers, said junk fees associated with credit cards and …

Digital-currency platform Bit.Store launched its Visa Virtual Crypto Card, a prepaid card that can store Bitcoin and offers cashback rewards on transactions. The social-media platform X has reportedly established a “dedicated account” that could transact in cryptocurrency for the platform’s expected peer-to-peer payments service. There has been no official word so far from X, formerly …

While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …

Banking giant Bank of America Corp. reported combined credit and debit card volume of $228.9 billion for the fourth quarter, up 3% year-over-year. The number of BofA users of the Zelle peer-to-peer payments network grew 18% to 21.5 million, while Zelle volume climbed 25% to $101 billion. Late in 2021, the …

Web services and payments provider GoDaddy Inc. released its Tap to Pay on Android point-of-sale service for merchants, complementing the Tap to Pay on iPhone technology it already offers. Tap to Pay on Android enables merchants to use consumer-grade smart phones as contactless payment-acceptance devices without a need for separate …