The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …
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Veem Launches a Program to Help Developers Embed Veem Applications in Their Software
As small and medium businesses shift more of their operations online, the need for financial products with embedded payment solutions is growing. To make it easier for providers of banking and financial software providers to offer embedded payment solutions to small and medium businesses, Veem Inc. on Thursday announced its …
Read More »Wallet Weakness Hammers Paysafe As It Reports Progress in North American Online Gaming
Regulatory changes in its European market have hammered Paysafe Ltd.’s digital wallets, chopping the company’s quarter-to-quarter payments volume and revenue and forcing its top executives to spend a good deal of time Thursday morning explaining the impact to stock analysts. “We are facing challenges in our digital-wallet business. It’s performing …
Read More »Eye On BNPL: Afterpay Expands Its In-Store Presence; Mastercard Installments Expands
In time for the start of holiday-shopping season, buy now, pay later provider Afterpay Ltd. has expanded its in-store presence. New retailers offering the service include Nordstrom and Nordstrom Rack, J.Crew, Madewell, and American Eagle. In addition, Afterpay will be available at airport and resort-casino specialty retailer Marshall Retail Group, …
Read More »Shift4 Heralds Moves Into New Markets As It Sees End-to-End Volume Nearly Double
Payments processor Shift4 Payments Inc. announced early Wednesday a service outage at a major processor in August cost the company more than $22 million in payments to affected merchants. But it added the Allentown, Pa.-based company is plunging into a range of new markets with major clients including Allegiant Airlines, …
Read More »The POS Terminal Backlog Is Opening the Door to Merchant Adoption of Tap-to-Mobile Tech
The continuing shortage of semiconductor chips is creating an opportunity for merchants and consumers to embrace tap-to-mobile payments, according to a study from payments processor NMI. The survey, which polled merchants and consumers in the United States and the United Kingdom, revealed that 95% of merchants said they would consider …
Read More »PayPal Announces a Venmo Deal With Amazon And a Promising Launch for Its ‘Super App’
PayPal Holdings Inc. announced late Monday U.S. users of its Venmo wallet will be able to use Venmo on Amazon.com Inc.’s massive marketplace and on the Amazon shopping app in the U.S. market, starting in 2022. The news comes as the latest development in a long effort PayPal has engaged …
Read More »Tipalti Launches a Prepaid Debit Card to Help Facilitate Payroll for the Unbanked
Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …
Read More »A Diverse Array of Payment Methods, Plus M&A, Help Vault Paya to a 28% Jump in Volume
Hyper growth in e-commerce has lifted many processors over the past 18 months, but some are also benefiting from a diverse array of payment methods and clients. This group includes Paya Holdings Inc., which Friday morning reported a nearly 28% year-over-year increase in payment volume for its third quarter ended …
Read More »Zip Adds a WebBank-Issued Card to Its BNPL Roster
Zip Co. Ltd. launched the Zip Card, a physical card to complement its virtual card in the highly competitive buy now, pay later arena. The new card, to be issued by WebBank, a Salt Lake City-based industrial bank that works with brands like Dell Financial Services, CAN Capital, Klarna, Fingerhut, …
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