Shift4 Payments Inc. on Thursday reported record quarterly end-to-end payment volume and gross revenue as it notched what chief executive Jared Isaacman called a “strong first quarter.” Stronger performance in the company’s core hospitality market helped drive end-to-end volume to a record $8 billion, with most growth coming from new …
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Skeptics abound when it comes to digital currencies, but PayPal Holdings Inc. is out to prove them wrong. Chief executive Dan Schulman, an early enthusiast, made it plain Wednesday he sees the crypto trend not only as the company’s big opportunity, but also as a potential liability if PayPal fumbles …
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Financial-services technology provider Mogo Inc. on Monday announced the purchase of 146 Ether coins at an average price US$2,780. Ether is the cryptocurrency used by Ethereum, an open-source, blockchain-based, decentralized software platform. The purchase of Ether coins is part of Mogo’s asset-investment strategy, which includes investing up to 5% of …
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Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …
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Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …
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Welcome Tech, a provider of digital financial services to unbanked and underbanked Hispanics, plans to leverage $35 million in new funding it secured last week to grow its customer base by about 1 million and add more financial services, such as a pathway to credit, to help bring its customers …
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American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …
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Uplift Inc., a buy now, pay later provider specializing in travel, said consumers can now buy tickets on Southwest Airlines Co. flights and pay in installments.Some 79% of gift card buyers expect to increase spending on gifts when pandemic restrictions are relaxed or lifted, according to a survey of 1,056 …
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How people purchased goods and services online, at the in-store point of sale (POS), or on mobile devices changed significantly during the pandemic. Whether or not businesses closed their brick-and-mortar storefronts, they experienced a shift to contactless and online channels as a safer way to transact for businesses and consumers. …
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Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …
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