Leading online retailer Amazon.com Inc. is bringing its Amazon PayCode service to the United States in a deal with The Western Union Co. that gives consumers the option to pay for Amazon purchases in cash. Seattle-based Amazon announced Wednesday that PayCode, which is already live in 19 countries, will be …
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PayPal Reduces Its Promotional Financing Threshold To Boost Its Credit Service
The warmth of late summer still bathes much of the country, but PayPal Holdings Inc. already has its eyes on the upcoming holiday spending season. The online commerce leader today unveiled a zero-interest financing promotion for its PayPal Credit service with a lowered purchase threshold. In addition to charging no …
Read More »UPDATED: Shopify Targets Merchants in The Fast-Growing CBD Sector
CBD is all the rage these days as a newly available medicine that can alleviate everything from pain to insomnia, and now e-commerce platform provider Shopify Inc. is pitching its payment and other support services to U.S. CBD merchants. Ottawa, Ontario-based Shopify, which serves 800,000 merchants globally and has major …
Read More »Without a Digital Business Model, Banks May Lose $280 Billion in Payments Revenue
Digital payments, combined with competition from nonbanks in payments, may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.” Released Monday, the survey of 240 retail and corporate payments executives across multiple countries suggests that global-payments revenue …
Read More »POS Providers Invite Developers To Attract More Merchants
As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants. Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …
Read More »Fintech Plaid Notes Investments and other Digital Transactions News briefs from 9/16/19
Financial-technology provider Plaid Inc. disclosed that it has received “strategic investments” from both Mastercard Inc. and Visa Inc.Digital payments and competition from nonbanks in payments may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.”Visa said it is working with insurance …
Read More »How On-Demand Services Are Propelling Online Transaction Growth
Consumers shopping online are more than likely buying digital goods and services, suggest the results of “The Global Rise of Digital Goods and Services” report from the First Data unit of Fiserv Inc. Released Wednesday, the survey by Forrester Research Inc. of more than 6,000 online adults around the world …
Read More »Mastercard’s Cross-Border Clearing Role and other Digital Transactions News briefs from 9/11/19
Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …
Read More »Stripe Debuts A Credit Card and other Digital Transactions News briefs from 9/10/19
Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …
Read More »Fiserv Debuts Contactless POS Tech and other Digital Transactions News briefs from 9/6/19
Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …
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