Worldpay Inc. reported Thursday that the integration of its predecessor companies, U.S.-based Vantiv Inc. and United Kingdom-based Worldpay Group plc, continued apace in the first quarter, and that revenues on a combined basis grew 12% year-over-year. The 115,000 merchants served by pre-merger Worldpay’s Atlanta-based U.S. operation are moving to Vantiv’s …
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Zelle Eyes Disbursements; Square Landing Larger Merchants; Amazon Pay for Alexa Skills
Square Reports Advances With Larger Merchants And Double-Digit Growth in Key Metrics
Square Inc. reported a strong first quarter late Wednesday, but you wouldn’t know it on Wall Street, where its shares were trading down slightly Thursday morning at just over $47. It closed at $48.70 Wednesday. Despite double-digit increases year-over-year in gross payment volume and net and adjusted revenue, the San …
Read More »How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants
Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
Read More »Bye-Bye One-Off Buy Buttons? Merchants Want a Voice With Buy Button; Ready in Squirrel POS Service
COMMENTARY: Don’t Shut Merchants out of Development of Secure Remote Commerce
The global payment networks announced last week their support for the EMVCo Secure Remote Commerce Framework (SRC) and mentioned proprietary programs being introduced predicated on this framework with the promise to deliver security, standardization, simplification, fraud reduction, and increased conversion for digital commerce. The promise sounds like a keeper. Yet …
Read More »Bitcoin’s Costs Have Plunged In Recent Months, But Its Volatile Value Could Scare Merchants
When the price of Bitcoin spiraled to dizzying heights last year, so did its costs for those who wanted to exchange the digital currency rather than hoard it. Places that accepted Bitcoin, some of them for years, announced they would stop taking it. Since December, Bitcoin’s price has famously slid …
Read More »Merchants Prep to Erase Signatures; Is Amazon Mulling a P2P Payment Function? Plus Weekly Recap
Many Merchants Expected To Erase Signature Requirements From Their Checkout Counters
Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …
Read More »Glance Pay Marks Its U.S. Debut With California Merchants
Glance Pay, a mobile-payment service that had only been available in Canada, is now available for U.S. consumers and merchants, Glance Technologies Inc. announced Wednesday. Vancouver, British Columbia-based Glance says Glance Pay is accepted at 14 merchant locations, ranging from restaurants and food trucks to salons and service providers, across …
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