Mobile Wallets

Hampered early on by Covid-19, The Western Union Co. late Wednesday said its growing digital-transfer business helped buoy its results for the fourth quarter and the full year. Overall, revenue from digital transfers, including activity on Westernunion.com, grew 36% in the fourth quarter year-over-year and accounted for just over one-fifth …

Buy now, pay later specialist Uplift Inc. said it signed new travel brands and experienced a 72% growth in monthly transaction revenue in the 2020 fourth quarter. New clients coming online in the second quarter include Alaska Airlines, Frontier Airlines, Virgin Voyages, and Air Canada Vacations.ACI Worldwide Inc. said it and Gilbarco Veeder-Root, …

Top management at FIS Inc. made it plain Tuesday morning that growth through further acquisitions is a key priority only about 18 months after the company completed its massive buyout of the merchant processor Worldpay. But while the Jacksonville, Fla.-based company still keeps its powder dry for M&A, executives on …

Consumers continue to show affinity for using mobile wallets for payments with debit-based mobile wallet use growing at 59.6% for the week ending Jan. 31, compared to the week ending Feb. 2, 2020, according to the PSCU Tracking Transaction Trends report. Credit-based mobile wallet use was up 35.7%. The results include the …

With the coronavirus pandemic having reduced traffic to vending machines and other unattended retail devices, USA Technologies Inc. on Thursday reported quarterly results that included drops in both machine connections and revenue. But chief executive Sean Feeney sought to reassure investors that better days will arrive soon.  “While the rebound …

Buoyed by an explosion of e-commerce activity following the onset of Covid-19, PayPal Holdings Inc. last year enjoyed what turned out to be a record year for growth. Now, it looks to roll out a flurry of new services. “We released more products and services in 2020 than in any …

Much attention in the payments industry has focused on how the coronavirus pandemic has boosted contactless technology in stores, but it’s also leading more consumers and now businesses to adopt peer-to-peer payments networks, as well. After initial success with consumers, banks are starting to adapt P2P systems especially for small …

American Express Co. said it is working with its reservation-technology company Resy to encourage cardholders to order out from restaurants. The program includes new dining offers on many AmEx cards.Exactuals LLC, whose PaymentHub platform processes residuals, royalties, and other payments for the entertainment industry, said dollar volume on the platform grew …

Visa Inc. along with many other payments companies was thrown for a loop by the coronavirus pandemic, but now it’s clawing it’s way back on the strength of debit cards, e-commerce, and a real-time payments service called Visa Direct. “In the United States, we are actually back to our prepandemic …

Mastercard Inc. saw overall payment volumes inch up in the final quarter of 2020, buoyed by rising debit card volumes and such factors as federal stimulus payments in the U.S. market, the card network’s top executives reported Thursday. Looking ahead, the arrival of vaccines to combat the coronavirus pandemic will …