Unlike many fintech startups, Walmart’s Inc.’s new financial company is expected to be a formidable player right out of the gate. The retail giant unveiled plans late Monday to partner with Ribbit Capital to create a fintech that will provide what Walmart describes as “modern, innovative, and affordable financial solutions.” …
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Wells River Bank has agreed to join the Real Time Payments network operated by The Clearing House Payments Co. LLC. The bank will connect to the network through the Shazam EFT network’s Shazam Pay faster-payments gateway.Payments provider Lightspeed POS Inc. launched its Lightspeed Supplier Network, a platform aimed at North American merchants to …
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Mastercard Inc. will test contactless payment acceptance using common Android smart phones and tablets in the United States. The technology, relying on software developed by Mastercard Labs, enables these off-the-shelf devices to accept contactless payments with no special hardware. Announced Monday, the service, called Tap on Phone, intends to capitalize …
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With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …
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Social Finance Inc. said it will use the special purpose acquisition tool to become a publicly traded company. Known as SoFi, the company will merge with Social Capital Hedosophia Holdings Corp. V, a SPAC, to enter the public market. SoFi’s equity value is pegged at $8.65 billion in the deal. SoFi, which …
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Processor Shift4 Payments Inc. on Thursday expanded its presence in the gambling industry to include online gambling and fantasy leagues through a partnership with Sightline Payments, a provider of cashless gaming and betting solutions. The partnership complements Shift4’s existing relationships with Las Vegas casinos and other betting venues around the …
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NCR Corp. said it acquired Freshop, a grocery e-commerce services provider. Terms were not disclosed. NCR estimates that buy online, pick up in store shopping will increase 25% per year through 2025.Payment Alliance International said it acquired the ATM portfolio of B & B Music & Video, consisting of 580 company-owned and …
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PayPal Holdings Inc. may have prevailed in its lawsuit against the Consumer Financial Protection Bureau over the CFPB’s rules pertaining to prepaid cards and digital wallets, but the overarching legal battle is likely to continue. The ruling, which was handed down Dec. 30 by U.S. District Judge Richard Leon and …
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In the week before and the week of Christmas, consumers markedly increased their use of mobile wallets, with mobile wallets loaded with a debit card increasing 79.2% from the same weeks a year ago, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Use of mobile …
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Count down the 10 most popular stories published in the Digital Transactions News daily newsletter in 2020. #10 Processor Paya Will Go Public Via a So-Called SPAC Merger (Aug. 3) #9 Feeling Heat, Square Explains Its New Reserve Policy (June 23) #8 After Beating Wells Fargo Twice in Court, USAA …
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