News

October, 2021

• 28 October

  Mastercard Eyes Deeper Involvement in A2A Transfers And Crypto As It Reports a Strong Third Quarter

  

  Mastercard reported a strong third quarter on Thursday as it builds out the foundations for a near-term future in which it sees itself playing a central role in new transaction flows involving account-to-account (A2A) transfers and digital-currency payments. Mastercard has been laying the groundwork for A2A business for at least …
• 28 October

  AmEx’s First Debit Card and other Digital Transactions News Briefs from 10/28/21

  

  American Express Co. launched a fully digital business checking account for U.S. small and mid-sized businesses that includes the first-ever AmEx-issued debit card. The account also connects with existing AmEx credit cards.FIS Inc.’s Worldpay merchant-acquiring unit will provide payment services to Major League Baseball’s Washington Nationals under a new agreement. The pact includes …
• 27 October

  Agile Financial Systems Unveils Revolutionary, Innovative Product Suite

  

  APEX family of products designed to help businesses compete and grow in the marketplace Southlake, Texas based Agile Financial Systems (AFS) is a high growth financial technology company founded in 2017. Backed by an executive team with over 100 years of combined industry experience, the organization’s mission is to revolutionize …
• 27 October

  [UPDATE] POS Device Maker Pax Draws Scrutiny Following Allegations of ‘Strange Network Activity’

  

  [UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …
• 27 October

  Fiserv’s Merchant Volume Jumps 20% and other Digital Transactions News briefs from 10/27/21

  

  Global merchant dollar volume grew 20% in the third quarter year-over-year for processor Fiserv Inc., while global e-commerce volume increased 21%, the company reported. Overall global transactions expanded 16%. The company did not report actual figures. Revenue for the quarter was $3.96 billion, up 10%. Year-to-date revenue was $11.37 billion, an …
• 26 October

  BNPL Offers Big Potential for Market Share But Also Flashes Caution Signs for the Unwary, a Panel Says

  

  The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …
• 26 October

  When ISOs and ISVs Converge

  

  Perhaps the most significant fintech trend is the convergence of ISOs and software developers. Both have much to gain by adding the value provided by the other. Over the past decade, we’ve watched as the worlds of payments and software became intertwined. Recently the lines between both worlds have blurred …
• 26 October

  Stripe Grows Its Portfolio of BNPL Providers by Partnering With Klarna

  

  With consumers eagerly embracing buy now, pay later payment options, Stripe Inc. on Tuesday announced it is partnering with BNPL powerhouse Klarna AB. The deal will enable Stripe merchants to offer Klarna BNPL loans to consumers in the United States and 19 countries throughout Europe. The deal also adds to …
• 26 October

  Microsoft Signs up With FIS’s Worldpay for Online Processing Beyond Latin America

  

  Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …
• 26 October

  Fiserv’s New Platform-as-a-Service and other Digital Transactions News briefs from 10/26/21

  

  Independent software vendors can integrate technology directly into Fiserv Inc.’s Clover point-of-sale terminals under Fiserv’s new platform-as-a-service program, the company announced.Processor Usio Inc. signed an agreement with independent software vendor BoosterHub LLC that will integrate Usio’s payment services into BoosterHub’s cloud-based software for thousands of school booster clubs.Payment gateway Cardknox Inc. said its processing capabilities can …