July 28, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Electronic Bill Payment, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Euronet Worldwide Inc., a Kansas-based company that provides digital-payments services in Europe, reported second-quarter revenue of $714.7 million, up 35% year-over-year.Chargebee Inc., a subscription and recurring-billing platform, announced an update that includes automated usage-based billing, dedicated data centers, item-level discounts, and new checkout features.IR, whose technology enables merchants to analyze …
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July 27, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Point-of-sale, Smart Cards, Transaction Processing
The big network executives aren’t quite ready to come right out and say it, but they’re certainly coming close to declaring their systems are just about at pre-pandemic performance levels. The latest example came Tuesday afternoon, when Visa Inc.’s results for the quarter ended June 30 prompted chairman and chief …
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July 27, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Nacha, the governing body for the automated clearing house system, said the ACH network processed 7.3 billion payments in the second quarter, a 10% increase from 6.6 billion payments in the same period a year ago. Particularly strong growth in business-to-business payment volume helped boost the result. Nacha said that …
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July 22, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased …
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July 21, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Point-of-sale
The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …
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July 20, 2021
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Buy now, pay later provider Sezzle Inc. launched Sezzle Capital, a program that provides working capital up to $10 million to qualified merchants. The service is built on the Wayflyer funding platform.Square Inc. launched Square Banking, based on the company’s industrial bank, Square Financial Services, which began operating in March. The banking offering consists …
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July 8, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
U.S. retail sales increased 11% in June from June 2020, according to the latest Mastercard Inc. SpendingPulse report. They were up 10.4% compared to June 2019. E-commerce sales increased 8.3% year-over-year and were up 95% over June 2019.Payments provider Paysafe Ltd. launched a program that lets travel businesses accepting consumer payments to use a …
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July 1, 2021
The case against it is mostly fallacious. The one for it is unavoidable. By the late 1980s, MasterCard was removing humans from the authorization cycle, replacing them with modems. By the 1990s, the Internet was connecting the last mile to merchants, replacing modems with instant authorization. Will the 2020s be …
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June 29, 2021
Acquiring, ATMs, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale
Buy now, pay later specialist Afterpay Ltd. expanded its points-based Pulse Rewards program to all users. The company claims 17 million users in North America.Rival BNPL specialist Klarna AB announced it will offer financing to client merchants through business-finance platform Liberis Ltd.Rectangle Health, a payments provider specializing in doctors’ offices, is working with DoctorLogic …
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June 22, 2021
Competitive Strategies, Electronic Bill Payment, Marketing, Point-of-sale, Transaction Processing
Although the Covid-19 pandemic spurred many consumers to embrace digital payments, the need for cash acceptance— especially among merchants and lenders that service unbanked consumers—remains strong. To help fill that need, KyckGlobal Inc. on Tuesday announced a deal with Advanced Business Computers of America Inc. (ABCoA) to enable used-car dealers …
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