Saturday , February 23, 2019

Search Results for: "mastercard send"

With MasterCard Send, MasterCard Promises P2P Payments ‘Within Seconds’

MasterCard Inc. on Tuesday launched a person-to-person payment service in the United States that will allow debit card holders to send money to any other individual with a debit card account, regardless of the card brand and with the money arriving nearly instantaneously. The new service, dubbed MasterCard Send, also …

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Shopify Payment Volume Up 65% and other Digital Transactions News briefs from 2/12/19

E-commerce and payment-services provider Shopify Inc. said fourth-quarter gross payment volume hit $5.8 billion, up approximately 65% from $2.3 billion a year earlier. The net loss narrowed to $1.5 million versus $3 million in 2017’s fourth quarter. Merchant acquirer Elavon in partnership with American Express Co. unveiled a service intended …

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Mastercard Names Platform Head and other Digital Transactions News briefs from 2/6/19

Mastercard Inc. named Paul Stoddart, who had been CEO of Vocalink after Mastercard acquired the U.K.-based real-time payments firm in 2017, as president, New Payment Platforms, effective March 1. Stoddart will oversee development of Mastercard’s real-time capabilities beyond traditional card-based services, including Vocalink, the Homesend joint venture, and Mastercard Send. …

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Mastercard Aces Out Visa in Sudden Bidding War for B2B Processor Earthport

In a rare public bidding war pitting the two leading payment card networks against each other, British business-to-business payment processor Earthport Plc’s board of directors on Friday recommended that its shareholders accept Mastercard Inc.’s all-cash buyout offer, which is 10% higher than Visa Inc.’s offer the board endorsed less than …

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The Promise—And Threat—of Real-Time Payments

Three years ago, Mastercard shelled out big money for a U.K. technology firm. As faster payments take hold in the States, the rationale for that deal will soon be put to the test. Back in July 2017, the Federal Reserve issued a challenge to the U.S. payments industry: create a …

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Bypassing Customs

Across the world, governments are cracking down on immigration. Cross-border payments, however, continue to grow with the global economy. Will blockchain be next? President Donald Trump has made cracking down on both illegal and legal immigration to the United States a showpiece, though controversial, policy of his administration. European countries, …

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The Far-Reaching Impact of Same-Day ACH, One Year After Launch

Competition from faster payments pushed the automated clearing house to introduce same-day processing, but now the ACH may well turn the tables, says Sarah Grotta. It has been a year since same-day ACH (SDA) credits and debits have been available in the United States. Here’s a quick refresher of SDA …

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Grubhub Closes LevelUp Deal and other Digital Transactions News briefs from 9/14/18

Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …

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Lyft Wants the Payments Industry To Develop Processes Friendlier To the Gig Economy

Despite its detractors, the so-called gig economy that relies on freelance workers looks like it’s here to stay. And Lyft Inc., a leading ride-share provider that’s a major player in the gig economy, would like to see the payments industry evolve to meet the gig economy’s needs. Ashwin Raj, the …

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