News

July, 2021

• 21 July

  Most Consumers Want To Decrease Credit Card Use As BNPL And Debit Gain Favor, a Survey Finds

  

  A majority of U.S. consumers in all age groups—76%—would like to decrease their use of credit cards as they seek to avoid debt, are wary of their ability to pay off their balances each month, and have concerns about making the minimum payments, according to a survey from GoCardless Ltd., …
• 21 July

  COMMENTARY: The Case for Cryptocurrencies As the Future of Digital Payments

  

  The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …
• 21 July

  Veem Adds Products for SMBs and other Digital Transasctions News briefs from 7/21/21

  

  Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …
• 20 July

  Mastercard Outlines a Pilot for Direct Acceptance of Cryptocurrency Via Stablecoins

  

  Card-based cryptocurrency transactions at the point of sale require conversion of the crypto assets to fiat currency for acceptance by the card networks. Now, the two top card networks are starting to change that. Mastercard Inc. early Tuesday said it will work with a pair of issuing banks and several …
• 20 July

  Sezzle Capital Debuts and other Digital Transactions New briefs from 7/20/21

  

  Buy now, pay later provider Sezzle Inc. launched Sezzle Capital, a program that provides working capital up to $10 million to qualified merchants. The service is built on the Wayflyer funding platform.Square Inc. launched Square Banking, based on the company’s industrial bank, Square Financial Services, which began operating in March. The banking offering consists …
• 20 July

  Payveris Looks To Take On P2P Heavyweights With A Real-time P2P Payment Option

  

  The hotly competitive peer-to-peer payments market got even more crowded Tuesday with the entry of Payveris LLC, a digital money-movement platform provider. The new service, which Cromwell, Conn.-based Payveris expects will compete with the P2P stalwarts Zelle, Venmo, and Cash App, will enable real-time P2P payments over the debit card …
• 20 July

  The Path to Painless Integrated Payments

  

  By Sherrie Bryant, Marketing Director, Exact Payments Payments integration is quicker and easier when the gateway provides developers with REST APIs and the tools and support necessary for successful projects. As more merchants evolve into omnichannel businesses, integration equals efficiency. Integrated solutions communicate with each other and share data, helping …
• 19 July

  Infinicept Launches a Network to Help Link Software Firms With Payments Resources

  

  For years, one of the fastest-growing trends in payments has been the idea of weaving transactional capability into business and consumer software. Now, one of the most prominent platforms in that business has launched a network to help connect software firms with payments companies and resources. “We’re doubling down on …
• 19 July

  Bill.com Acquires Invoice2go and other Digital Transactions News briefs from 7/19/21

  

  Business payments provider Bill.com announced the $625 million acquisition of Invoice2go, a mobile-first accounts receivable software provider. The stock and cash transaction is expected by the end of 2021.U.S. blockchain-payments specialist GreenBox POS LLC has agreed to acquire Europe-based processor Transact Europe Holdings OOD for 30 million euros, or approximately $35 million. The deal …
• 19 July

  COMMENTARY: B2B Payments are Broken. Here’s What the Industry Can Learn from Consumers

  

  The consumer-payments industry is thriving. Last year, consumers embraced more payment methods than ever, a behavior that companies like Stripe (now valued at $95 billion ahead of a highly anticipated Wall Street debut) are banking on in a post-Covid world.  In fact, a recent Deloitte report tells us that, in …