News

October, 2021

• 20 October

  Stripe Strikes Again In Executing Its Strategy to Expand Beyond Online Payments Acceptance

  

  Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …
• 20 October

  How Consumers’ Growing Adoption of BNPL Is Getting the Ad Dollars Flowing

  

  The heady times for buy now, pay later just keep on rolling. Now, with 44% of consumers saying they have used BNPL options to make a purchase, according to personal-finance company Credit Karma LLC, providers of the point-of-sale financing have opened the ad-spending spigot.  A new report from MediaRadar, a …
• 20 October

  AmEx and Goldman’s Tie-Up and other Digital Transactions News briefs from 10/20/21

  

  American Express Co. said it and Goldman Sachs Transaction Banking are collaborating on a cloud-based payments service for large corporate clients. AmEx’s virtual cards will be available in the Goldman Sachs TxB platform, which already offers automated clearing house, wire, and foreign currency payments.A study from Alliance Data Systems Corp. indicates 27% of …
• 19 October

  Intuit Expands Its Payments Reach to Small Businesses And Takes Aim At Square

  

  Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …
• 19 October

  B2B and Health-Care Payments Help Drive a Robust Quarter for the ACH

  Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …
• 19 October

  Paysafe Relaunches its Partner Program and other Digital Transactions News briefs from 10/19/21

  

  Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …
• 18 October

  Mastercard And Previse Team Up to Enable Same-Day Cross Border Payments

  

  The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform.  The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …
• 18 October

  Visa’s Latest Debit Card Perk Is Eligibility for ReadyLink, its Prepaid Reload Network

  

  In a move aimed in part at accommodating digital-only financial institutions, Visa Inc. on Saturday opened its ReadyLink prepaid top-up network for the first time to debit cards. “The expansion makes Visa ReadyLink available to all consumer and business debit cards. The service is optional and issuers need to opt-in,” …
• 18 October

  Fiserv Acquires BentoBox and other Digital Transactions News briefs from 10/18/21

  

  Fiserv Inc. announced the acquisition of BentoBox, a specialist in online restaurant platforms and technology. BentoBox serves more than 14,000 restaurant locations. Terms were not disclosed.Mindbody, a payments and technology platform for the fitness industry, announced it has closed on its acquisition of ClassPass, a monthly subscription service also focused on …
• 15 October

  Your Checkout Experience Could Be Killing Your Bottom Line

  

  By: Kat Ambrose Early in the COVID-19 pandemic, retailers shifted focus to e-commerce. Despite the world gradually returning to in-person experiences, online shopping continues to grow exponentially. In fact, the e-commerce industry is projected to grow from $4.28 trillion this year to $6.39 trillion in 2024. With more people online …