September 20, 2021
Acquiring, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Wallets, Transaction Processing
Payments provider Priority Technology Holdings Inc. completed its acquisition of Finxera Holdings Inc., a provider of banking-as-a-service software. Terms of the deal, which was announced in March, were not announced.Payment-fraud prevention provider Inetco Systems Ltd. launched BullzAI, a single technology combining a Web application firewall with a real-time fraud-detection and blocking system.The Tampa Hillsborough …
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September 17, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Smart Cards, Transaction Processing
Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit …
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September 17, 2021
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Hot trends tend to spin off related innovations, and now it looks like buy now, pay later is no exception. The London-based fintech Curve OS Ltd. on Thursday unveiled Curve Flex, a service that lets users convert any Curve transaction into an installment plan with the swipe of a button …
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September 16, 2021
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The biggest U.S. processor of card transactions announced on Thursday it has started processing credit card payments in the U.S. for the massive Alibaba.com online marketplace. As part of the arrangement, J.P. Morgan Merchant Services said it is working with the mobile and online payments provider Alipay to manage transactions …
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September 15, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Visa Inc. announced it has helped enable an estimated 16 million small businesses globally for digital payments, reaching 30% of its goal to so enable some 50 million small concerns.The Goldman Sachs Group Inc. said it will acquire GreenSky Inc., a provider of payments and loans at the point of sale for more …
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September 14, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Six years after it shut down its last effort in mobile wallets for merchant payments, Square Inc. on Monday announced it is launching a new payments feature that will let users of its highly popular Cash App pay sellers in-store and online. Cash App Pay, which can be used at …
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September 14, 2021
Competitive Strategies, Marketing, Mobile Wallets, Point-of-sale
In a bid to help brands and retailers counter fraud, counterfeiting, and misredemption losses from coupons, all of which can total more than $100 million annually, fintech SKUx early Tuesday introduced SKUPay. The application allows brands to replace paper and digital coupons with serialized digital offers that have individualized tracking …
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September 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale
It’s more than 100 days until Christmas, but forecasts for the 2021 holiday shopping season are already rolling in. Mastercard Inc., in its SpendingPulse report released Monday, forecasts that U.S. holiday retail spending from Nov. 1 to Dec. 24 will increase 7.4% over 2020 and 11.1% over the same period …
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September 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Wallets, Point-of-sale
Commerce specialists SpotOn Transact LLC said it will acquire Appetize Technologies Inc., a point-of-sale technology provider for the hospitality and entertainment industries. Terms were not disclosed. SpotOn also said it raised $300 million in Series E funding, which it will use to help pay for the Appetize acquisition.Integrated-payments provider EngageSmart LLC announced an initial public …
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September 10, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The trend of professional sports stadiums toward adopting cashless technology to bring greater operating efficiencies to concession stands and other retail outlets within the venue has taken another leap forward with Square Inc.’s 10-year deal to provide payment and merchant services to Los Angeles’s SoFi Stadium and adjoining Hollywood Park development. …
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