Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …
Read More »Eye on BNPL: Klarna Debuts a Subscription Service; PublicSquare Enlists Credova
Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …
Read More »Affinipay Adopts AI And Other Digital Transactions News briefs from 1/24/24
Affinipay, an e-commerce payments provider specializing in professional markets, launched a generative AI capability in its platform for law offices, including its LawPay service. Generative AI refers to predictive technology based on artificial intelligence. The cryptocurrency exchange KuCoin announced users of its KuCard debit card can spend their digital currency from their …
Read More »Eye on E-Commerce: Nuvei Provides an API for Adobe Commerce; Citi Launches Citi Shop
Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …
Read More »How an Ingenico Integration With Cybersource Promises a Global Point of Sale
Ingenico, one of the world’s largest makers of point-of-sale transaction devices, said early Tuesday it has worked with Visa Inc. to integrate its Axium terminal software with a payment platform operated by Cybersource, Visa’s commerce and fraud-management unit. The move promises to offer, from a single platform, a service that …
Read More »Debit a Favored Subscription Choice And Other Digital Transactions News briefs from 1/23/24
Subscription management specialist Recurly Inc. released its 2024 State of Subscriptions report that found 45.5% of consumers chose debit as the subscription payment method, followed by credit cards, 33%, PayPal, 19.3%, and other alternative payment methods, 2.2%. Wise, a platform for international money transfers, said junk fees associated with credit cards and …
Read More »COMMENTARY: Streamlining Payments with Straight-Through Processing
In today’s fast-paced business landscape, efficiency and quality are essential for staying ahead of the competition. Straight-through processing (STP) is a solution that enables businesses to expedite financial transaction processing while reducing errors and eliminating repetitive tasks. In both accounts payable and accounts receivable, STP can transform the way payments …
Read More »Bit.Store’s Crypto Card And Other Digital Transactions News briefs from 1/22/24
Digital-currency platform Bit.Store launched its Visa Virtual Crypto Card, a prepaid card that can store Bitcoin and offers cashback rewards on transactions. The social-media platform X has reportedly established a “dedicated account” that could transact in cryptocurrency for the platform’s expected peer-to-peer payments service. There has been no official word so far from X, formerly …
Read More »Digital Wallets Are Falling Short. Can Providers Fix That?
While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …
Read More »Caseproof Launches PrettyPay to Ease Sales As E-Commerce Soars
E-commerce has expanded at a fast clip in recent years, in part thanks to habits formed during the pandemic, and with that growth has come new techniques to simplify buying and selling for both experienced and new users. The latest development emerged Thursday with an announcement by Caseproof LLC that …
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