Friday , November 15, 2024

Search Results for: pay by bank

Klarna Added to Viva Wallet And Other Digital Transactions News briefs from 11/14/22

Buy now, pay later provider Klarna AB said its service is now included in Viva Wallet, a European payment platform. Klarna says it serves 150 million active users globally, conducting 2 million daily transactions.In the wake of the implosion of cryptocurrency exchange FTX, Silvergate Capital Corp. said FTX’s deposits at the bank totaled $11.9 …

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Moca Launches Patriot Card And Other Digital Transactions News briefs from 11/11/22

Moca Financial, a platform for digital cards and payment processing, launched The Patriot Card in partnership with the Association of Military Banks of America. Aimed at veterans, the physical and virtual Visa cards enable holders to receive, spend, and save government benefits.Banking giant J.P. Morgan announced it will open an office in Athens, Greece, …

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Consumer Spending Moderates in October And Other Digital Transactions News briefs from 11/10/22

Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …

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Regulators Are Standing in the Way of Stablecoin Development, a TCH Paper Alleges

The Clearing House Payments Co. LLC early Tuesday issued a white paper alleging that federal regulators are effectively blocking national banks from issuing stablecoins. This is despite the agencies’ own conclusion that the banks have the authority to issue the digital currency, the paper says. The paper also follows an …

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Seon’s New Tack on Online Fraud Prevention and other Digital Transactions News briefs from 11/7/22

Online fraud prevention provider Seon announced a free version of its platform, which will support up to 2,000 API calls each month. Online commerce services provider Signifyd released its first holiday season predictions tracker for 2022. American Express Co. said it will pledge $5 million to organizations helping cities and coastal communities tackle climate-related events. …

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FIS Touches Down at Jaguars Home and other Digital Transactions News briefs from 11/4/22

Payments provider FIS Inc. and its Worldpay unit announced they will process all payments at TIAA Bank Field, home of the Jacksonville Jaguars NFL team. The deal includes installation of 600 point-of-sale terminals featuring tap-to-pay functionality. Payments provider Paya Holdings Inc. reported third-quarter payment volume of $12.6 billion, up 14.3% year-over-year. Revenue totaled $71.4 …

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Orum Makes MX Tie-in And Other Digital Transactions News briefs from 11/2/22

The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …

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Amazon Launches Cash Advances And Other Digital Transactions News briefs from 11/1/22

Amazon.com Inc. has launched a merchant cash advance service. The financing option, a white-label service of capital provider Parafin Inc., ties the cash advance to a portion of the merchant’s future sales for a fixed fee. It rolls out for some U.S.-based businesses Tuesday and should be available to many more …

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Why Earned Wage Access Is Taking off

Enabling workers to access their wages ahead of payday is gaining popularity among employees and employers alike. Hourly-wage employees and gig workers incur unexpected expenses between paychecks, such as a home or auto repairs or medical bills, for which they don’t have the cash. Their choices are taking out a …

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The Processor Reaction

Acquirers are trying to disentangle the many implications of the proposed Credit Card Competition Act. Some doubt the bill’s impact would be good. This road has been traveled before. This time, U.S. Sen. Richard Durbin (D-Ill.) wants to place restrictions on credit card practices, specifically transaction-routing practices. As Digital Transactions …

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Digital Transactions