Mobile Wallets

A new federal lawsuit against Apple Inc. alleges the iPhone maker restricts competition in peer-to-peer payments by hampering rivalry with its own Apple Cash app. The restrictions, the suit charges, include provisions against what the suit calls “feature competition,” such as cryptocurrency payments, that could moderate pricing for peer-to-peer payment …

Consumers’ concerns about incurring credit card debt this holiday season is pushing many shoppers to consider buy now, pay later loans as a budget-management option, according to a report from the payments firm Klarna AB. Some 53% of respondents expressed concern about incurring credit card debt during the holiday season. …

Sweeping new executive hires at PayPal Holdings Inc., announced Wednesday, will help cement the 25-year-old payments company’s ambitious new direction under recently appointed chief executive Alex Chriss, observers say. “This is PayPal flexing who they are now. They want to be recognized by the world as an equal to Visa …

As 2023 winds down, Juniper Research is out with its top 10 trends for payments and fintechs in 2024. Chief among them is a challenge to cards in e-commerce and funding for wallets through account-to-account payments. Closely related is the prospect for FedNow, the nascent real-time payment service from the …

Shift4 Payments Inc. extended its reach in stadium payments Wednesday by partnering with the National Football League’s Miami Dolphins and Hard Rock Stadium to process payments for ticket sales for Dolphins games and other events at the stadium. The deal builds on Shift4’s integration with Ticketmaster Entertainment LLC, which was …

Paysafe Ltd.’s chef executive early Tuesday pointed to progress in the processor’s growth plan and outlined moves aimed at bolstering both the company’s product line and its stock. A new digital wallet aimed at U.S. small businesses will launch before year’s end, while the company’s board authorized a $50-million share-repurchase …

Zelle, the person-to-person payment service from Early Warning Services LLC, said it will launch a consumer education campaign video series this month to help educate consumers how to spot and avoid financial scams, specifically imposter scams. Zelle, in a statement to Digital Transaction News, also said most Zelle transactions—99.9%—are without any …

Fanatics Betting & Gaming, which launched its first retail sports-betting location in January and its mobile sportsbook in May, will use the card-payment and alternative-payment methods offered by Paysafe Ltd. Announced Monday, the integration will enable U.S. bettors on the Fanatics platform to make deposits and receive payouts in a …

Unattended payments and software specialist Cantaloupe Inc. boosted its roster of customers in its fiscal 2024 first quarter, which helped increase the company’s revenue to $62.7 million, up 8.5% from $57.8 million in the 2023 first quarter that ended Sept. 30. Malvern, Pa.-based Cantaloupe said the number of active customers …

The Consumer Financial Protection Bureau late Tuesday said it is expanding its efforts to increase oversight of large, non-bank technology firms with a proposed rule that would subject companies that issue digital wallets to the same regulations as those that cover wallets from financial institutions. The proposed rule, which would …