Passport Labs Inc., a provider of transportation software, is teaming with Alphabet Inc.’s Google to allow consumers in Austin, Texas, to pay for parking through Google Maps using Google Pay at on-street and municipally controlled parking spaces. Drivers using Google Maps on their iPhone or Android phone to navigate to …
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Amid Covid’s Impact, Installment Pay Gets a Lift With New Offerings From Mastercard And Sezzle
Count transactional credit at the point of sale among the payment technologies winning more of the spotlight as consumers tentatively venture out and businesses reopen in the midst of Covid-19’s impact. Mastercard Inc. on Wednesday announced new integrations with the card-issuing processor TSYS and with technology providers that will let …
Read More »Beyond Contactless: Giant Eagle Recruits Grabango for Checkout-Free Stores
Cashierless technology is spreading as stores hunt for ways to automate service and payments while keeping operating costs in check. The latest example is supermarket chain Giant Eagle Inc., which has teamed up with Grabango Co., a Berkeley, Calif.-based provider of checkout-free technology, to introduce cashierless technology to its GetGo …
Read More »Open Banking And Its Friends
Big moves by Visa and Mastercard have thrust data aggregators into the spotlight just as the focus of payments is expanding and the aggregation model is modernizing. Like most businesses, the payments world has been upended by the coronavirus pandemic and its impact on buyers and sellers alike. But just …
Read More »Is This the New Online Normal?
As merchants, consumers, and payments providers wrestle with the Covid-19 pandemic, one thing is certain: Online fraudsters are as relentless—and opportunistic—as ever. If little else, this year has proven that forecasts are grounded only in the moment they are made. No one could have foreseen in 2019 the impact of …
Read More »PayPal Plots a New POS Course
PayPal Holdings Inc. has made big plays for the physical point of sale before, but late in July the San Jose, Calif.-based company unveiled what could be its biggest strategy yet to capture transactions at the cash register. Top executives said an arrangement under way with CVS Pharmacy to run …
Read More »As Point-of-Sale Credit Grows, PayPal Adds Pay in 4, a New Installment Option
PayPal Holdings Inc. is expanding its portfolio of installment-payment options by introducing Pay in 4, a short-term financing program. PayPal says the new option, which allows consumers to pay for a purchase over four interest-free payments, can help merchants drive customer conversions, hike revenue, and enhance loyalty without taking on additional …
Read More »You’ve Heard How Consumers Have Turned to Online Channels. Now the Numbers Show It
It’s become a common assertion in the payments business that consumers are turning to online sites for shopping as they contend with the various impacts of Covid-19. Now government data indicates just how well-founded that assertion is. E-commerce dollar volume in the second quarter totaled $211.5 billion, up 32% from …
Read More »Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large
Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …
Read More »Visa Leverages Artificial Intelligence for Smarter Stand-in Processing
Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …
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