Thursday , April 25, 2024

Mobile Commerce

LumaPay Debuts and other Digital Transactions News briefs from 6/6/22

Luma Health Inc. debuted LumaPay, which allows patients to pay medical bills via text messages.U.S.-based payments provider FreedomPay said it is working with Network International to provide digital-payment capability to the hospitality industry in the Middle East and Africa region.Canada-based Kapsch TrafficCom announced it has now manufactured 100 million toll-payment transponders, which are used in …

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How Square’s Embrace of Apple Could Help Propel a Trend Toward ‘SoftPOS’

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced Thursday that later this year it will adopt …

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Fundbox’s Visa Debit Card and other Digital Transactions News briefs from 6/1/22

Visa Inc. has collaborated with working-capital platform Fundbox to launch the Fundbox Flex Visa debit card, issued by Pathward N.A.KindTap Technologies, a payments provider specializing in the cannabis industry, has integrated with Dispense, an e-commerce platform, to allow merchants using Dispense to accept credit card and automated clearing house payments …

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Paysafe Targets High Rollers by Raising Its iGaming Wager Limits

To expand its iGaming business and revitalize its digital-wallet business, Paysafe Ltd. on Monday announced it is increasing the wagering limit for high-stakes online gamblers using its Skrill USA wallet to fund their iGaming accounts.  The feature is expected to appeal to high rollers who make five- and six-figures wagers. …

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Cannabis Specialist POSaBIT Posts Strong Volume, Despite Industrywide Headwinds

Having weathered an industrywide downturn in sales that began during the third quarter of 2021, cannabis-payments processor POSaBIT Systems Corp. late Thursday reported strong first-quarter sales and revenue. Transactions totaled $103 million, a 61% increase from the same period last year, and revenues totaled $6.4 million, up 79%. Same-store sales …

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An Acquiring Deal With BNP Paribas Helps Propel Cross-Border Traffic for PingPong Payments

The explosive growth in e-commerce has not been contained within national borders, which creates a market for processors capable of handling cross-border payments. PingPong Payments, a specialist in this market, early Friday announced an acquiring agreement with Europe’s largest bank, BNP Paribas, that the U.S.-based processor expects will reinforce its …

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Beyond Routine: Research Indicates Digital Payments Are Now ‘Second Nature’ for Consumers

Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …

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BNPL’s Move Into Bigger Tickets Leads Players to Seek Slicker Outreach And Tighter Vetting

As the buy now, pay later trend moves upstream to higher-ticket markets, the assumption of bigger debt loads brings with it a need to communicate more closely with consumers. Point-of-sale credit, which took off in e-commerce during the pandemic, is reaching markets like health care, and on Wednesday a customer-communication …

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CFPB Targets Card Issuers and other Digital Transactions News briefs from 5/26/22

The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …

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Eye On BNPL: Adyen Partners With Radial; WooCommerce Woos Affirm; Splitit Recruits BlueSnap

In a move to streamline its payment options for enterprise clients in the United States and Canada, Belgium-based omni-commerce logistics provider Radial Inc. is rolling out Adyen for Platforms, Adyen NV’s end-to-end payment solution for peer-to-peer marketplaces, on-demand services, and crowdfunding platforms.  Adyen for Platforms is aimed at enabling platform …

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Digital Transactions