Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …
Read More »Why Visa And PayPal Are Bringing Real-Time Expediency to Cross-Border Payments
PayPal Holdings Inc. and Visa Inc. are adding cross-border payments to an agreement to route payments made through PayPal’s Instant Transfer Service through the Visa Direct platform. The expanded agreement will allow consumers and small businesses to send or receive money to or from a Visa card account in real-time …
Read More »Fanatics Adds Installment Payments and other Digital Transaction News briefs from 9/9/20
Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …
Read More »Eye on Investment: Payments Firms Rev.io, Melio, Thunes, And Mollie Announce Funding Rounds
Evidence emerged Tuesday that Covid-19 fears are far from suppressing investor interest in payments as two U.S. and two European companies announced funding news. Atlanta-based Rev.io, an 18-year-old provider of billing platforms, said it has received a “significant growth equity investment” from Primus Capital. The company did not disclose the …
Read More »Quadpay in Vyze Deal and other Digital Transactions News briefs from 8/31/20
Point-of-sale credit provider Quadpay Inc. said it is working with Mastercard Vyze, the card brand’s alternative financing platform, to make buy-now-pay-later options available to more merchants and consumers.Noting the increasing popularity in Canada of Square Inc.’s Cash App and PayPal Holdings Inc.’s Venmo app in the face of that country’s Interac bank-to-bank …
Read More »Eye on Money Transfers: Remitly Adds 11 Mobile Wallets and MoneyGram Joins Forces with Thunes
Money transfer specialist Remitly Inc. says its mobile wallet now reaches 300 million consumers, while MoneyGram International Inc. says its deal with Thunes will add services in Africa, Asia Pacific, and Latin America. Seattle-based Remitly says consumers can now send funds through more than 24 mobile-wallet brands, many of which it …
Read More »Kallpod’s Kontactless Services Debuts and other Digital Transactions News briefs from 8/13/20
Kallpod LLC announced its Kontactless Quick Response code-based payment service is now available at select Hyatt, Courtyard Marriott, and Hilton locations. Consumers can place orders for food, beverages, and merchandise to be delivered where the user is sitting. They scan a QR code at a table or seat, which opens a …
Read More »Kroger To Test Contactless Payment Acceptance and other Digital Transactions News briefs from 8/7/20
The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle.ATM operator Cardtronics …
Read More »FedNow Looks to Pilots Starting Next Year And Sticks to Its 2023 Or 2024 Launch Plan
While the Covid-19 pandemic has raised the issue of speeding stimulus payments and other relief to consumers and businesses, The Federal Reserve system is staying with its planned 2023 or 2024 launch date for its FedNow real-time payment service, officials said Thursday in an update that comes almost exactly one …
Read More »Digital Services And Clover Help Fiserv Return to Growth in the Wake of a ‘Tumultuous’ Covid Impact
It’s been an eventful summer so far for Fiserv Inc., which was hammered by the recession caused by the Covid-19 pandemic but in July began to regain its footing, according to top executives who spoke Wednesday afternoon. Revenue for the Brookfield, Wis.-based payments processor dipped 1% in June but began …
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