News

April, 2021

• 29 April

  SMBs Value Digital Payments More Than a Year Ago and other Digital Transactions News briefs from 4/29/21

  

  A survey from the Electronic Transactions Association and The Strawhecker Group found that 43% of small and mid-size businesses view digital payments as more important to their operations now than before the Covid-19 pandemic. The survey of 528 SMBs also found that 34% said they are experiencing an increase in contactless payments.InComm …
• 28 April

  Shopify’s Wallet Gets a Lift as its Shop App Climbs to 19 Million Active Users

  

  Everyone has heard of Amazon, but there’s less talk about Canada’s Shopify Inc., even though the fast-growing, Ottawa-based commerce platform now ranks second to Amazon in share of retail e-commerce sales, with 8.6% versus 39% for the Seattle-based giant, according to eMarketer. On Wednesday, Shopify issued an update on just …
• 28 April

  Redefining the “I” in ISO as Integration

  

  Payment integrations are helping ISOs maximize revenue and enhance the customer experience  By: Oscar Lopez, Director of Sales, Strategic Partnerships, First American Payment Systems  Independent Sales Organizations are focusing more and more on payments integration, and for good reason. Accelerated by the pandemic and consumer demand, card not present payments …
• 28 April

  FIS RealNet Debuts and other Digital Transactions News briefs from 4/28/21

  

  FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …
• 27 April

  Visa Posts Strong Results As It Enters ‘The Beginning of the End of the Pandemic’

  

  Payments companies took a beating as the pandemic raged, but Visa Inc.’s top brass indicated Tuesday afternoon the big network has put the worst behind it. “We believe we are at the beginning of the end of the pandemic,” said chief executive and chairman Al Kelly as he pointed to …
• 27 April

  Fiserv Announces a Strong First Quarter As It Teams With PayPal on QR Codes

  

  Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …
• 27 April

  Mazooma Adds Real-Time Payouts and other Digital Transactions News briefs from 4/27/21

  

  Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …
• 27 April

  GoCardless Is the Latest Fintech to Vie for a Piece of the Open Banking Pie

  

  As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …
• 26 April

  Empowering consumers by providing options

  

  SME: Norman Marraccini, SVP, Head of Retail and Commercial Digital Payments Providing consumers options when they purchase and pay is how organizations can provide the best customer experience. COVID-19 has brought this idea to the forefront, with more and more consumers choosing to use technology such as mobile wallets, person …
• 26 April

  Paya’s Deal for Paragon Payments Bolsters Its Offering for Health Care And Non-Profits

  

  Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …