News

June, 2022

• 2 June

  Bank And Credit Card Apps Register More Usage But Less Consumer Satisfaction

  

  The financial stresses brought on by inflation and other after-effects of the pandemic are starting to damage consumer satisfaction with payments apps, according to the results of a series of J.D. Power surveys, results of which were released early Thursday. Indeed, consumer satisfaction seems to be dropping even as app …
• 2 June

  Shoplazza Integrates With Payoneer and other Digital Transactions News briefs from 6/2/22

  

  Shoplazza, a shopping-cart technology provider for more than 360,000 merchants, said it will support integration of payments-acceptance capability from Payoneer into its clients’ Web stores.Billing and payment platform Kill Bill and Wovenware, a provider of artificial intelligence and software engineering services, said Wovenware created an open-source plugin that integrates e-commerce processor Adyen to the …
• 1 June

  Eye On BNPL: Affirm and Stripe Team Up, As Do Klarna And Marqeta

  

  In a sign of buy now, pay later’s deepening penetration of digital payments, Affirm Inc. is partnering with payments-technology provider Stripe Inc. to make its Adaptive Checkout application available to Stripe clients in the United States. Launched in 2021, Adaptive Checkout uses Affirm’s decisioning engine to offer consumers personalized bi-weekly …
• 1 June

  Payoneer Forges Ties to Online Games Marketplace SEAGM And BNPL Bazaar Optty

  

  Since going public a year ago, Payoneer Global Inc. has been capitalizing on its capabilities in key cross-border payments capabilities, including direct transfers and mass payouts. Its reach now includes big international online marketplaces with its announcement early on Wednesday that it will process payments for merchants selling on SEAGM, …
• 1 June

  Fundbox’s Visa Debit Card and other Digital Transactions News briefs from 6/1/22

  

  Visa Inc. has collaborated with working-capital platform Fundbox to launch the Fundbox Flex Visa debit card, issued by Pathward N.A.KindTap Technologies, a payments provider specializing in the cannabis industry, has integrated with Dispense, an e-commerce platform, to allow merchants using Dispense to accept credit card and automated clearing house payments …

May, 2022

• 31 May

  Paysafe Targets High Rollers by Raising Its iGaming Wager Limits

  

  To expand its iGaming business and revitalize its digital-wallet business, Paysafe Ltd. on Monday announced it is increasing the wagering limit for high-stakes online gamblers using its Skrill USA wallet to fund their iGaming accounts.  The feature is expected to appeal to high rollers who make five- and six-figures wagers. …
• 31 May

  Deployers Are Driving Growth in the U.S., But Overall the ATM Count Is Sliding, a Report Says

  

  Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020.  The U.S. market, indeed, saw its ATM count …
• 31 May

  Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22

  

  Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …
• 27 May

  Cannabis Specialist POSaBIT Posts Strong Volume, Despite Industrywide Headwinds

  

  Having weathered an industrywide downturn in sales that began during the third quarter of 2021, cannabis-payments processor POSaBIT Systems Corp. late Thursday reported strong first-quarter sales and revenue. Transactions totaled $103 million, a 61% increase from the same period last year, and revenues totaled $6.4 million, up 79%. Same-store sales …
• 27 May

  An Acquiring Deal With BNP Paribas Helps Propel Cross-Border Traffic for PingPong Payments

  

  The explosive growth in e-commerce has not been contained within national borders, which creates a market for processors capable of handling cross-border payments. PingPong Payments, a specialist in this market, early Friday announced an acquiring agreement with Europe’s largest bank, BNP Paribas, that the U.S.-based processor expects will reinforce its …