News

November, 2024

• 14 November

  PayPal Dives into Shared Funding Efforts

  

  PayPal Holdings Inc. is hoping to enable the power of community with a new funding service that enables multiple individuals to contribute to one account. Dubbed a “pool” by PayPal, the service means contributors can chip in to pay for group gifts, travel, special events, and other shared expenses. Announced …
• 14 November

  Blackhawk Debuts eGift Card Links and other Digital Transactions News briefs from 11/14/24

  

  Prepaid card platform Blackhawk Network launched eGift Card Links, which allows brands to let customers paste a link into an email, text, or social-messaging app. Recipients access the e-gift card by opening the link and can redeem it immediately. Judopay, a United Kingdom-based mobile-payments platform, said it is entering the North American …
• 13 November

  GrabScanGo And MagTek Bring App Clip Technology to Hotel Mini Markets

  

  GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with MagTek Inc. to provide an App Clip through its GrabScanGo, service that enables consumers to purchase …
• 13 November

  Paysafe Beefs up Its Sales Force As It Looks for Merchant Growth

  

  Since he took over as chief executive in 2022, Paysafe Ltd.’s Bruce Lowthers has stressed what he sees as a crucial need for stronger, and direct, merchant sales to effect the turnaround he wanted to see at the international processing giant. Early Wednesday, he noted the company is ahead of …
• 13 November

  Shift4’s Jaguars Tickets Deal and other Digital Transactions News briefs from 11/13/24

  

  The National Football League’s Jacksonville Jaguars agreed to use Shift4 Payments Inc. to process ticket sales at its home venue, Everbank Stadium. Buy now, pay later provider Sezzle said retailer Rural King, with 130 stores, will offer the BNPL service. Payments provider Repay Holdings Corp. reported third-quarter revenue of $79.1 million, up 6% from the same …
• 12 November

  Shift4 Concedes Some Shortfalls While Posting a 49% Rise in End-to-End Volume

  

  Shift4 Payments Inc. reported a strong third quarter early Tuesday, but by some measures it wasn’t strong enough, and the big processor’s top management frankly admitted as much in a morning call with equity analysts to discuss the results. “We’re clearly number-one in hospitality payments in the world,” said the …
• 12 November

  RTP Network Surpasses 1 Million Payments Per Day; Viamericas Employs RTP and FedNow for Cash-to-Account Transfers

  

  The RTP network has reached a major milestone, averaging more than 1 million payments per day, The Clearing House Payments Co. LLC says. In addition to crossing this threshold, the RTP network, which TCH launched in 2017 as a real-time payments network, also set a single day record of 1.46 …
• 12 November

  Visa Credential Tech Coming to U.S. and other Digital Transactions News briefs from 11/12/24

  

  Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …
• 11 November

  Gen Zers Are Struggling With Credit Card Debt, CreditCards.com Finds

  

  Gen Zers struggle to pay their monthly credit card bills, with 56% having missed a payment or making a late payment, says a study from CreditCards.com. In addition, some 9% of Gen Zers rely on parental support to pay their credit card bills. Compounding these difficulties with credit card bills …
• 11 November

  Sezzle Notches Another Retailer for its BNPL Option

  

  Online outdoor retailer Backcountry now offers buy now, pay later payments from Sezzle Inc. The payment option is available at Backcountry.com and in-store, and at its Steep & Cheap, Competitive Cyclist, and MotoSport brands. Minneapolis-based Sezzle says Backcountry, which is owned by private-equity firm TSG Consumer Partners LLC, switched to …