Monday , September 30, 2024

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Mastercard Welcomes Open Banking Firms And Other Digital Transactions News briefs from 7/14/22

Mastercard Inc. said it is expanding its Engage partner network to include open-banking firms. The first companies to join include Dwolla, FinTech Automation, i2c, Link Financial Technology, LoanPro, Nova Credit, Provenir, Synctera, Tern, and Usio Inc.Buy now, pay later processor Afterpay will offer installment payments for customers of beauty retailer Sephora. Afterpay, a …

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Lit on Fire by Covid, E-Commerce Will Hit $20 Trillion Globally by 2026, RBR Says

It is generally accepted that the pandemic energized online commerce, but now research is starting to emerge showing just how extensive that effect has been. “Global Payment Cards Data and Forecasts to 2026,” a report released Wednesday by the London-based research firm RBR, indicates e-commerce card spending came to $7.7 …

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Eye On BNPL: Blackhawk Network Teams With Klarna; Zip And Sezzle Pull Plug On Merger

Blackhawk Network Inc. is partnering with buy now, pay later provider Klarna AB to let consumers use Klarna’s interest-free payment solutions at physical retail locations. The deal, announced Wednesday, will enable consumers to make use of Klarna in-store for such items as groceries, electronics beauty, and more when shopping within …

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Nayax’s Self-Checkout Kiosk And Other Digital Transactions News briefs from 7/13/22

Payments platform Nayax Ltd. announced the availability of the Nova Market self-checkout kiosk in its U.S. e-commerce shop. The device is aimed at micro-merchants.Open Payment Network said its application programming interface is linking Bridge Community Bank to The Clearing House Payments Co. LLC’s real-time payments network.CGI Technologies and Solutions Inc. announced that Peoples Trust …

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Eye on Real Estate: Bank Shot Adds Digital Checks; Prometheus Launches Crypto

Mobile-payment solution provider Bank Shot has added support for digital-check acceptance in the real-estate market. The new feature will enable consumers to initiate an earnest-money or rent payment via a digital check. In addition, real-estate brokers, title companies, and property managers can use Bank Shot to pay realtor commissions. Bank …

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Eye On Acquiring: Deluxe Expands Processing; Nuvei Signs Delivery Platform WeCook

Deluxe Corp. announced on Thursday a deal with Dupaco Community Credit Union to process transactions for its business clients using its First American by Deluxe service. The Madison, Wis.-based credit union has more than 120 business clients. The service will also be made available to new Dupaco business customers, Deluxe …

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As Amazon’s Prime Day Shopping Spree Nears, Overall Consumer Spending Grows

In-store sales growth continued to outpace that of online shopping in June, though e-commerce sales may get a big boost next week. According to the Mastercard Inc. SpendingPulse report, in-store sales increased 11.7% last month over June 2021, and were up 10.7% from June 2019. And, while e-commerce sales experienced …

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As Carr Steps Down at Beyond, Former TSYS Executive Mike Peters Takes Over As CEO

Mike Peters, formerly chief executive of TSYS Merchant Solutions, is succeeding Robert O. Carr, who said last week he would step down as chief executive of Beyond Inc., the payments provider he founded in 2017. A longtime payments-industry veteran, Carr remains executive chairman of the Princeton, N.J.-based company. Peters, whose …

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Usio Feels the Bite of the Crypto Meltdown, But Sees a Boost In ACH Volume

Despite increasing its automated clearing house volume in June, Usio Inc.’s overall processing volume is taking a temporary hit as one of its clients, digital-asset broker Voyager Digital LLC, announced it is suspending all buying and selling of cryptocurrency though its platform. San Antonio-based Usio made the announcement about the …

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Seeking to Tap Into Crypto Lending, Wirex Launches Near-Instant Stablecoin Advances

Cryptocurrency holders looking to leverage their assets can now get a loan of up to $100,000 in stablecoins, the digital-payments platform Wirex Ltd. announced early Tuesday. Under the new service, holders can borrow as much as 80% of the value of their crypto holdings and receive an almost immediate advance …

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Digital Transactions