As the gig economy grows, startups are emerging to meet an expanding market for payment. An especially ambitious example is Willa Inc., which on Wednesday announced an $18-million Series A funding round led by FinTech Collective and including sums from existing investors EQT Ventures and Entrée Capital. The Ventura, Calif.-based …
Read More »BlocPal And OneFeather Team to Deliver Services Via Mobile Wallets to Canada’s Indigenous People
As part of its goal to provide unbanked and underbanked consumers affordable digital access to financial services through a single application, BlocPal International Inc. has partnered with OneFeather, a Victoria, British Columbia-based provider of digital services to indigenous people in Canada, to introduce the OneFeather app in that country. The …
Read More »PayPal’s U.S. POS Thrust With Zettle May Have Been ‘Inevitable,’ But It Faces Tough Rivalry
PayPal Holdings Inc.’s decision to bring its Zettle point-of-sale technology to the U.S. market may not surprise observers, but the move presents some formidable challenges, chiefly in the form of the existing competition, some observers say. At the same time, they add, Zettle brings a potent brand that fills a …
Read More »Looking to Grow Debit Card Usage, Oxygen Debuts a Tiered Rewards Program
Looking to make debit cards more attractive to consumers by offering incentives that rival those found in credit card rewards and loyalty programs, Oxygen Inc., a San Francisco-based financial-services technology provider, on Wednesday introduced Elements, a tiered rewards and loyalty program for debit card holders. Rewards available through Elements include …
Read More »PayPal Sets New Online Merchant Rates As E-Commerce Booms
PayPal Holdings Inc. is raising its online merchant rates in the midst of a boom in e-commerce but also reducing some fees as it keeps a wary eye on rivals such as Square Inc. and Stripe Inc. The new rates, which PayPal announced Friday, cover a sweeping range of transaction …
Read More »Stripe Debuts an App to Ease the Burden of Sales Tax Collection for Merchants
Heeding years-long requests from merchants for a solution to simplify sales-tax compliance, Stripe Inc. on Thursday introduced Stripe Tax, an application that allows merchants to automatically calculate and collect sales tax, value-added tax (VAT), and goods-and-services tax (GST) in the United States and more than 30 other countries. Spurring the need …
Read More »A Surcharging Bill Advances to the Colorado Governor’s Desk
Soon, there might be just two states that prohibit credit card surcharging with the passage Tuesday of a bill in Colorado that would permit the pricing strategy. The bill, SB21-091, passed both the Colorado House and Senate and now moves to Governor Jared Polis’s desk. He has 30 days to …
Read More »VizyPay Opens Its Cash-Discount App Generally to Merchants Using Clover Devices
Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …
Read More »Bill-Payment Network Doxo Debuts a Service Aimed at Bypassing Fees for Consumers
Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees. The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …
Read More »SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21
SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
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