Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …
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Stripe Partners With Ford To Help the Automaker Retool E-commerce
Stripe Inc. announced Monday a five-year deal with Ford Credit, Ford Motor Company’s financial-services arm, to develop new e-commerce applications for Ford customers and dealers in North America and Europe. The agreement also includes processing payments for the automaker’s dealer network and providing Ford dealers with an improved payment-acceptance platform. …
Read More »What BNPL Means for Retail Payments
It’s the hottest trend in online credit. The rewards outweigh the risks for most consumers and merchants. Buy Now Pay Later (BNPL) is a payment option that allows customers to make purchases at stores and online without paying the complete amount upfront. Similar to the layaway programs of the past, BNPL …
Read More »The Card Crunch
The chip shortage plaguing POS terminal makers is starting to inflict pain on payment card manufacturers. The forecast for 2022 is that the worst is yet to come. It was only a matter of time before the semiconductor shortage plaguing manufacturers such as auto and computer makers trickled down to …
Read More »Regulate Now, Pay Later
The pandemic has lent momentum to a number of trends in digital payments, but one of the biggest is the buy now, pay later option. The installment plan isn’t new, but providers have offered it as a way of giving merchants another payment channel as Covid-wary consumers crowded online. With …
Read More »With BNPL’s Fast Rise, the CFPB Issues a Demand Letter Seeking Data From Five Firms
The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …
Read More »Waitr Plans Cova Acquisition and other Digital Transactions News briefs from 12/17/21
Food-ordering and delivery provider Waitr Holdings Inc. said it has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, a provider of point-of-sale software for cannabis dispensaries. The deal calls for a price of $90 million in cash and stock.Agilysys Inc., a provider of payments …
Read More »Why Europe Is Scary
PSD2 won’t solve fraud completely. Here’s why—and what U.S. online merchants should do. In the United States, e-commerce has surged due to the maturity of companies’ digital platforms, innovative payment models, and the ongoing impact of the pandemic. U.S. e-commerce sales are expected to reach $933.3 billion in 2021, representing …
Read More »Waitr Adds Harbortouch Devices and other Digital Transactions News briefs from 11/30/21
Waitr Holdings Inc., an ordering and delivery platform for restaurants, has agreed to offer the Harbortouch point-of-sale system from payments provider Shift4 Payments Inc. to Waitr’s 26,000 clients.Payments provider Nuvei Corp. said a subsidiary has won approval to provide payment processing to support daily fantasy sports and sports-wagering operators in Louisiana. The …
Read More »Despite A Downtick In Thanksgiving Weekend Sales, Holiday Sales Are Going Strong
Strong early holiday spending slightly curtailed consumer spending over the Thanksgiving weekend, according to reports from Adobe Inc. Consumers spent $4.5 billion online on Saturday, down 4.3% from a year ago, and $4.7 billion online the following day, down 0.5% from the same period a year ago. But Adobe is predicting consumers will …
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