News

October, 2019

• 23 October

  How PayPal Plans to Leverage Its Newly Won Foothold in Online Payments in China

  

  Top management at PayPal Holdings Inc. made it clear Wednesday the company will continue to hunt for acquisitions and intends to leverage its recently won clearance to acquire a 70% stake in China’s Guofubao Information Technology Co. Ltd., better known as GoPay. The Chinese venture, in which PayPal will become …
• 23 October

  Apple Pay Bucks Starbucks From the Top of the Mobile-Payments Heap

  

  The number of Apple Pay users has surpassed that of the Starbucks mobile-payments service, says eMarketer Inc., marking the first time a general-purpose mobile app has become more popular than the coffee retailer’s. New York City-based eMarketer counted 30.3 million U.S. Apple Pay users, while Starbucks had 25.2 million users. …
• 23 October

  Discover’s Payment Volume Increases 7% and other Digital Transactions News briefs from 10/23/19

  

  Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …
• 22 October

  Zelle Posted $49 Billion in Payment Volume for the Third Quarter

  

  Scottsdale, Ariz.-based Early Warning said Zelle’s volume totaled $49 billion, up 58% from 2018’s third quarter. Over the same time, transactions increased 73% to 196 million. Dollar volume on the Zelle peer-to-peer payments service increased more than 50% year-over-year in the third quarter while the transaction count jumped even more, …
• 22 October

  Eye on Acquisitions: Mastercard Buying Loyalty Platform Provider; Visa Completes Rambus Deal

  

  The bank card networks lengthened their 2019 streak of merger-and-acquisition activity on Tuesday with Mastercard Inc. announcing it has a deal to acquire marketing software developer SessionM and Visa Inc. reporting it completed its acquisition of Rambus Inc.’s token services and ticketing businesses. Mastercard said the addition of SessionM will enhance …
• 22 October

  Online Merchants Are Starting to Deploy the Big Networks’ Common Buy Button

  

  The long-awaited common buy button became a reality Tuesday with an announcement from the four major payment card networks that they have enabled the technology for three e-commerce merchants. Half a dozen more are expected to come online for the technology, called Secure Remote Commerce, by the end of the …
• 22 October

  Clover Scores at Fiserv Forum and other Digital Transactions News briefs from 10/22/19

  

  Fiserv Inc. said its Clover point-of-sale system is in use throughout Fiserv Forum, a Milwaukee arena that is home to the Milwaukee Bucks NBA team. Fiserv said more than 25 large stadiums and arenas use Clover. In 2018, Clover processed more than $70 billion in payment volume.Evolve Bank & Trust said it …
• 21 October

  Mastercard’s Bill Pay Exchange Service Expands

  

  Mastercard Inc. says a number of new partners have signed on to use or test its Mastercard Bill Pay Exchange platform, including Consolidated Edison Co. of New York (ConEd), one of the nation’s largest utilities. Unveiled a year ago, Bill Pay Exchange enables consumers using their bank or credit union’s online …
• 21 October

  Many Happy Returns? Not So Much These Days, According to the Latest Survey Results

  

  Payments typically flow from consumer to merchant, but in the case of merchandise returns, they flow the other way, and it turns out returns are an almost universal experience these days. That’s putting pressure on merchants to streamline the returns process and find ways to deal with consumer sensitivity about …
• 21 October

  Discover’s Holiday Promo and other Digital Transactions News briefs from 10/21/19

  

  Discover Network announced a holiday promotion running through December that offers discounts and other promotions to cardholders who shop at Amazon.com and at some Amazon physical stores.Payments provider AvidXchange launched its AvidPay and AvidInvoice services for the long-term health-care and social-service industries. The services automate accounts-payable and payments processes.Data-security specialist KnowBe4 released its list of …