If any doubt remains that payment processors are rebounding strongly from the pandemic and all the restrictions it brought with it, Shift4 Payments Inc. likely dispelled it with the final-quarter 2022 results it posted early Tuesday. And if there’s a cloud on its horizon, it’s the waiting time the company …
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Co-op Solutions Debuts a Debit Network for Credit Unions
Credit unions wanting another option among debit card networks have a new choice with the launch of Co-op Solutions’ Co-op Pay Network. Announced Monday, the network is open to all credit unions, regardless of their debit-processing relationships. The new network, which works with regular point-of-sale transactions, PINless transactions, mobile wallets, …
Read More »Astra’s Instant Payment API Hits $100 Million in Annualized Payment Volume
Astra Inc., a provider of bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, announced late Thursday that fintech developers have processed more than $100 million of annualized gross payment volume and 650,000 in real-time transfers through its Instant Payment solution since May. Instant Payment leverages Visa Direct as …
Read More »Block Resets to Focus on Slowing Expenses And Speeding Profit Growth
Block Inc. has been a fast-growing payments machine over the years since its founding in 2009, and now the company is looking to slow down somewhat and focus more intently on profit growth, according to top executives. That move could start with personnel. “We plan on slowing our pace of …
Read More »Stripe Launches Tap to Pay for Android Devices in Six Countries
Stripe Inc. late Wednesday announced it is making Tap to Pay functionality for Android phones and tablets available in the United States, the United Kingdom, Canada, New Zealand, Australia, and Singapore. The San Francisco-based processor launched Tap to Pay for iPhone last year. The addition of Tap to Pay for …
Read More »GoDaddy Launches Payable Domains to Add Utility to the 40-Year-Old Domain Name System
Ever since its 2021 acquisition of the payments-technology company Poynt Inc., the big Web registrar GoDaddy Inc. has been pressing steadily into a variety of payments markets. In its latest move, the company said early Thursday it will let businesses accept payments through a registered domain name. The new Payable …
Read More »U.S. Consumers Now Loom Large for Sweden’s Klarna
The United States has become buy now, pay later provider Klarna AB’s largest market by revenue, the company announced Tuesday. BNPL use blossomed during the pandemic and continues to find favor as inflation concerns push consumers to make value-based spending decisions. With 8 million monthly active users of the Klarna …
Read More »Serving 10,000 Vet Clinics, Vetsource Launches a Processing Capability
Vetsource, a provider of technology, pharmacy, and business services to veterinary practices, has added payment processing capabilities to its platform. In addition to supporting credit and debit cards, e-wallets, and online and automated clearing house payment-processing options, Vetsource says its new service will enable veterinary practices to offer payment methods …
Read More »Is FTX in the Rear-View Mirror? Bitcoin Rebounds Sharply As Headwinds Persist
The leading digital currency Bitcoin hasn’t returned to the values it enjoyed early last year, but it appears to have rebounded from the beating it—and the cryptocurrency industry as a whole—took in the wake of the sudden collapse in November of the major trading platform FTX.com and the bankruptcy in …
Read More »Zelle Posts Strong Increases in Volume And Financial Institution Membership
Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, reported Thursday that consumers and businesses sent 2.3 billion in payments totaling $629 billion through the network in 2022. On a year-over-year basis, transaction volumes through Zelle increased 26%, and total transaction value increased 28%. Small businesses continue to be …
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