With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
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Olo Pay Entices Restaurants With a Digital Ordering App That Stores Checkout Credentials
Olo Pay is a new digital ordering platform for restaurants that soon will enable consumers to order and pay with the same payment data at different establishments without having to create unique credentials for each one. Dubbed borderless payments, this element is part of the newly launched Olo Pay from …
Read More »Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online
More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …
Read More »TreviPay To Acquire Baton Financial and other Digital Transactions News briefs from 2/23/22
Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …
Read More »Sling TV Adds Crypto Acceptance Through BitPay
Cryptocurrency’s steady march toward becoming a mainstream payment option took another step with Sling TV’s acceptance of seven digital currencies and five stablecoins through BitPay Inc. The deal, announced Monday, will enable existing subscribers of the streaming television service to pay their monthly subscription fee with cryptocurrencies including Bitcoin, Ethereum, …
Read More »With Consumer Payment Habits Changing, Enterprise Retailers Are Investing In Cloud POS Again
During the two years since the Covid-19 pandemic hit, point-of-sale technology for enterprise merchants in the United States has gone from being a low-growth channel for POS solution and hardware providers to one that now presents significant growth opportunities, according to a report from Moody’s Investor Service. Sparking the turnaround …
Read More »Buy Now, Pay Later Kingpin Klarna Opens a U.S. Waiting List for Its Visa Card
Klarna AB, the Sweden-based buy now, pay later giant with a major stake in the U.S. market, has opened a waiting list for its Klarna Card in the United States. The cobranded Visa card, to be issued by Salt Lake City-based industrial bank WebBank, follows Klarna’s convention of allowing users …
Read More »As Users Seek More Choices, PayNearMe Adds PayPal And Venmo To Its Bill Pay Platform
Responding to demand from consumers and billers for digital bill-payment options, electronic billing and payment platform provider PayNearMe Inc. on Tuesday announced the addition of PayPal and Venmo to its payment options. A recent study by PayNearMe revealed that 43% of respondents rated the convenience of using PayPal to pay …
Read More »FIS’s Top Brass Looks for Big Results Among Small Sellers Following the Payrix Deal
FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
Read More »Epos Now’s New App Links U.S. Third-Party Delivery Platforms With Restaurants
With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …
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