Digital Transactions Authoritative, insightful and timely information for payments professionals
- Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year.
- Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment service, Visa Direct, to make payments through its Instant Payouts feature.
- Processor JetPay Corp. reported third-quarter revenues of $15.5 million, up 14% from $13.6 million a year earlier, and a $3.53 million loss applicable to common shareholders versus a $3.17 million loss in 2017’s third quarter. JetPay has a pending deal to be acquired by NCR Corp. for $184 million.
- Shares of MoneyGram International Inc. plunged 49% Friday to close at $2.27 after the wire-transfer provider reported a $125 million settlement with the federal government and a 15% decline in third-quarter revenues, and lowered its outlook for the rest of the year. The stock slipped another 2% as of mid-morning Monday in a generally down day on Wall Street, according to Yahoo! Finance.
- Mobile-payments company Glance Technologies Inc. said its Glance PayMe service is available nationwide.
- Cloud-based point-of-sale system developer Lightspeed appointed four new members to its board of directors.
Related Articles
Check Also
Mobile Wallets And Payment Apps Are Favored for Different Uses, an Onbe Survey Finds
Diners visiting a fast-casual restaurant—think Chipotle, Five Guys—are more likely to choose a mobile wallet …