News

June, 2022

• 16 June

  Mastercard Deepens Its Fintech Ties With the Launch of Its Start Path Open Banking Program

  

  With open-banking initiatives growing fast along with payments, Mastercard Inc. late Tuesday launched its Start Path Open Banking global program. The program, which is the latest track of Mastercard’s Start Path Global program that supports later-stage fintech startups, will introduce five open-banking startups to Mastercard’s open-banking executives, customers, and partners. …
• 16 June

  In a Volatile Crypto Market, An Online Bazaar for Collectibles Adopts Circle’s USDC

  

  At a time when the values of Bitcoin and other cryptocurrencies are collapsing, interest in the utility of stablecoins for payments appears to be on the rise. On Wednesday, a blockchain-based online marketplace called Dibbs said it had integrated with Circle Internet Financial LLC to allow buyers to use Circle’s …
• 16 June

  Credova’s Pay in 4 for Outdoor Sports and other Digital Transactions News briefs from 6/16/22

  

  Credova, a buy now, pay later platform for outdoor-sports-related purchases, launched its Pay in 4 program, allowing shoppers to split purchases into four installments at no interest.Point-of-sale technology provider PredictSpring said it has raised $16 million in a Series B funding round.Point-of-sale system maker Bravo Systems released updates for automated form completion and text …
• 15 June

  With Pay Monthly, PayPal Expands Its BNPL Platform to Bigger Buys, Longer Terms

  

  The buy now, pay later trend is getting hotter with the summer. PayPal Holdings Inc. announced early Wednesday it will offer a plan allowing consumers to split large purchases over a period of six to 24 months. The monthly payments will incur interest and will apply to transactions valued between …
• 15 June

  RBC Inks Deals With Plaid And Yodlee to Help Jumpstart Open Banking In Canada

  

  To speed adoption of open banking in Canada at a time when Canadians are craving digital services, RBC (Royal Bank of Canada) late Tuesday announced partnerships with open-banking platform provider Plaid Inc. and data-aggregation and analytics provider Yodlee Inc., a unit of Envestnet Inc. The deals will enable RBC customers …
• 15 June

  Omnichannel Revenue up 142% in May and other Digital Transactions News briefs from 6/15/22

  

  Data from Signifyd’s Ecommerce Pulse report found that retailers experienced a 142% increase in omnichannel sales in May from May 2021.Grubhub, the food ordering and delivery app, said it has added PayPal Holdings Inc.’s Hyperwallet and Visa Direct, Visa Inc.’s real-time payment service, to allow drivers to receive immediate payouts.Software provider Marketing 360 launched …
• 14 June

  In the Face of Inflation, Mastercard Adopts a Bullish Outlook for Back-to-School Spending

  

  Despite inflation hitting a 40-year high, consumer spending during the back-to-school season is projected to increase 7.5%, excluding automotive sales, from 2021 levels, according to Mastercard Inc.’s SpendingPulse, which measures in-store and online retail sales across all forms of payment, not adjusted for inflation.  Department stores are expected to be …
• 14 June

  Amid a Bitcoin Pricing Collapse, Coinbase Trims Its Staff

  

  The steep drop in the value of Bitcoin made itself felt Tuesday at Coinbase when the crypto exchange’s boss announced an 18% cut in its workforce. The 10-year-old company had more than 4,900 employees, according to its Web site. That’s about 880 employees affected by the layoff, though some reports …
• 14 June

  Sionic’s New Real-Time Payment Service and other Digital Transactions New briefs from 6/14/22

  

  Payments provider Sionic announced a service that allows consumers to pay merchants at the point of sale via real-time transfers from the consumer’s bank account to the merchant’s bank account. The service includes incentives merchants can use to induce consumers to use the service in preference to rewards credit cards.XTM Inc. announced it …
• 13 June

  How Small Businesses Are Including P2P Among the Payments Options They Accept

  

  Signs continue to mount that peer-to-peer payments are being adopted by businesses, and in turn could be encroaching on card payments at the point-of-sale.  A recent survey of 530 small businesses conducted by The Strawhecker Group and titled “P2P Payment: A Disruption To Plastic?” reveals that 82% of small businesses …