May 11, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Priority Technology Holdings Inc. reported first-quarter revenue of $153.2 million, up 35% year-over-year.PayBright said it will provide installment payments to passengers using CheapOair.ca, an online travel agency.Travel platform Agoda said it now offers interest-free credit card installment payments on its booking platform in a partnership with Visa Inc.E-commerce fraud protection provider Signifyd said it …
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May 10, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
The white-hot buy now, pay later market got even hotter Tuesday as Visa Inc. announced an expansion of its Visa Ready program with Visa Ready for BNPL. More than 20 partners are now live on Visa Ready for BNPL, including ACI Worldwide Inc., CyberSource Corp., FIS Inc., Marqeta Inc., and …
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May 10, 2022
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
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May 9, 2022
Acquiring, Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Transaction Processing
Focused on iGaming as a growth strategy, Paysafe Ltd. announced Monday it is expanding its relationship with Playtech plc, a provider of gambling software, to the United Kingdom and Europe. The deal builds off the two companies’ existing relationship in United States. The deal will allow iGaming operators in the U.K. …
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May 9, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Featured, Law and Regulation, Marketing, Mobile Commerce, Point-of-sale
At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
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May 9, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale
Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …
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May 6, 2022
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …
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May 6, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Bank of America Institute reported that credit and debit card spending by BofA credit and debit cardholders increased 13% in April compared to the same month in 2021. Credit card dollar volume rose 22%, while spending on debit cards was up 6%. Combined transactions increased 8%.Some 43% of consumers would use …
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May 5, 2022
Acquiring, Competitive Strategies, E-Commerce, Featured, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions. The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …
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May 5, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The Judiciary Committee of the U.S. Senate heard testimony Wednesday from witnesses both for and against regulation of credit card interchange. Speakers represented a supermarket chain, merchant groups, Mastercard and Visa, and a bank. The hearing showed that “while more Democrats than Republicans likely would support greater intervention in the …
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