Friday , November 15, 2024

Search Results for: digital payments

With Uncle Sam’s Tax Cut in Place, Visa Expects a $1 Billion Windfall

North America’s largest payments company on Thursday said it expects to receive a $1 billion bonus from the federal tax-reform bill passed into law in December. In contrast with its rival Mastercard Inc., which reported earlier in the day it recorded an $873 million charge in the fourth quarter related …

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Regulatory Efforts May Be Quiet at the Federal Level, But Not So In States And the Courts

Federal regulatory initiatives targeting the payments industry may have abated, but a variety of others at the state level and in the court system could require reactions from payments providers. That’s the word from Scott Talbott, senior vice president of government affairs, who spoke Wednesday at the annual Northeast Acquirers …

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Primetime for Amazon Pay

Amazon long ago mastered e-commerce, and now its payments unit is making moves in physical stores and in voice commerce. Will it succeed here as it has online? In the fall of 2009, a certain big company in Seattle launched a service that let consumers authenticate themselves for online purchases …

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Why We’re Offering Cryptocurrency Solutions to Merchants

Solutions are coming for slow speeds and high fees, says Eric Brown, who argues that even now the advantages for merchants are too good to pass up. Unless you spent last year living under a rock, you know that cryptocurrency is a sizzling-hot topic right now. Bitcoin’s price and daily …

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PayPal Reimagines the Point of Sale

A series of partnerships with the card networks and now individual banks have positioned the online-checkout kingpin to make the leap to a mainstream digital-payments platform. Ever since PayPal Holdings Inc. was spun off from eBay Inc. in 2015, its chief executive, Dan Schulman, has not been shy about warning …

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For PayPal, a New Deal Extends Its Link to eBay Even As It Seeks Out Other Marketplaces

PayPal Holdings Inc. on Wednesday said it has reached an agreement with its former owner, eBay Inc., that calls for PayPal to act as a checkout method on eBay for three years beyond the end of the five-year pact that separated eBay and PayPal in 2015. In that three-year period, …

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Bank-Owned Zelle Puts Venmo’s Millennial Enthusiasts Squarely in Its Cross-Hairs

Payments observers who think Venmo and Square Cash have locked up the Millennial crowd for peer-to-peer payments may have to reconsider. With the new advertising blitz it announced Monday, the bank-owned Zelle service is making it plain it plans to steal its share of this huge consumer market. “The advertising …

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Facing Popular P2P Rivals, Bank-Owned Zelle Posts Healthy Growth And Revs up Ads

In the hotly contested person-to-person payment business, financial institutions have felt left behind by technology impresarios like PayPal Holdings Inc. and Square Inc. that have entered the market over the past few years with slick P2P apps. But on Monday, the banks’ Zelle network released fresh numbers indicating healthy growth …

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Starbucks Brews New Cards and Mulls Blockchain Technology

Investors gave Starbucks Corp. the cold shoulder Friday morning on news that despite a record $6.1 billion in quarterly revenues, growth is slowing in the United States. But the coffee giant’s payments business has several initiatives brewing, executives reported late Thursday. A leader in closed-loop prepaid cards and mobile payments …

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Tender Armor’s Cash Infusion Aimed at Growth And New Hires to Fight Online Fraud

Fraud-prevention specialist Tender Armor LLC intends to use the proceeds from its latest funding round to hire more personnel and launch its marketing efforts. Announced Thursday, the funding round, for an unspecified amount (though characterized as “multimillion”), is a big step in growing the startup, says Madeline K. Aufseeser, chief …

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