October 24, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Adyen NV launched two new services—Capital and Account, offering to small businesses cash advances, business bank accounts, and card-issuing capability.Payment platform GoCardless launched Protect+, an anti-fraud service offering payor authentication, fraud monitoring, and chargeback challenges.Payments-technology provider Payoneer said it has collaborated with e-commerce platform WooCommerce to enable Payoneer Checkout via a plug-in for small …
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October 20, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
The United States Court of Appeals for the Fifth Circuit, in a ruling that vacates the Consumer Financial Protection Bureau’s 2017 Payday Lending Rule, contended the CFPB’s funding mechanism is unconstitutional because its funds are not appropriated by Congress.Visa Inc. said it is working with Thunes, a business-to-business payments company, to extend Visa …
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October 19, 2022
Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The big processor Fiserv Inc. said Wednesday morning it will offer so-called programmable payments to its financial-institution clients through a partnership with IncumbentFI, a San Francisco-based technology provider. The technology allows cardholders to attach a variety of funding sources to a single card and choose one for individual transactions. In …
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October 17, 2022
Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
PayPal Holdings Inc. has been on a drive for some time to reinforce consumer engagement with its products, and early Monday it launched its latest gambit to spur interactions with its still relatively new app. The so-called super app, launched a year ago, now includes a direct connection with Honey, …
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October 17, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …
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October 13, 2022
Competitive Strategies, Credit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Real-time Payments, Transaction Processing
Remitly Global Inc. Thursday announced it is making Visa Direct, Visa Inc.’s real-time push-payments platform, available to its customers in Canada. The deal expands Remitly’s online remittance service in Canada by providing Visa Direct as a payout option, the company says. With Visa Direct, Remitly customers in Canada can now …
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October 11, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …
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October 7, 2022
Competitive Strategies, Real-time Payments, Transaction Processing
The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
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October 6, 2022
Automated Clearing House, Competitive Strategies, Law and Regulation, Pricing, Transaction Processing
OnShift Inc., a provider of human-capital management software for caregivers, is dropping the fees for earned-wage access through its digital wallet. OnShift’s wallet runs on the Payactiv platform. As part of the new arrangement, senior care workers using the OnShift wallet can access a portion of their earned wages outside …
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October 3, 2022
Acquiring, Automated Clearing House, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Issuing/Originating, Kiosks & Ticketing Machines, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Real-time Payments, Smart Cards, Transaction Processing
Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …
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