News

March, 2017

• 16 March

  Why Flywire Is Expanding Its Reach Into Cross-Border Business-to-Business Payments

  

  Boston-based Flywire Corp., which for years has been processing tuition payments for students attending universities in foreign countries, is in the closing stage of a plan to enter the enormous market for processing payments between businesses in different countries. Pilots involving nine companies will run through the end of this …
• 15 March

  Chatbots Are ‘Disappointing,’ Says ShopChat, So It’s Rolling Out a Shopping Keyboard

  

  Chatbots have been carrying out commerce on messenger apps only since last spring, yet already some observers are less than thrilled with the experience, says Zephrin Lasker, chief executive and cofounder of a startup called ShopChat. “Many companies are pursuing robot assistant chatbots to interact with people on messaging. These …
• 15 March

  UnionPay International’s Vast Reach and other Digital Transactions News briefs

  • China-based UnionPay International says more than 41 million merchants and more than 2 million ATMs in 160 countries and regions now accept its UnionPay card, as do 10-million-plus Web-based merchants. More than 80% of U.S. merchants accept the card, the company says. • Point-of-sale terminal maker Equinox Payments said …
• 14 March

  Amends Made, Green Dot Appoints a Formerly Hostile Investor as a Board Advisor

  

  Ten months after prepaid payments specialist Green Dot Corp. made amends with investor Harvest Capital Strategies LLC over a dispute about the company’s direction, Green Dot is adding a Harvest executive as an observer and advisor to its board of directors, the company announced Monday. Pasadena, Calif.-based Green Dot says Jeffrey …
• 14 March

  With Its Surprise Higher Bid, Euronet Tries To Step on Ant’s Plan To Acquire MoneyGram

  

  Euronet Worldwide Inc., owner of the Ria money-transfer service, early Tuesday announced a $1 billion bid to acquire Dallas-based MoneyGram International Inc. Euronet’s unexpected bid casts a cloud of uncertainty over the $880 million buyout offer China-based Ant Financial Services Group submitted for MoneyGram in January. Leawood, Kan.-based Euronet called …
• 14 March

  StubHub Users Soon Can Pay With Visa Checkout and other Digital Transactions News briefs

  • Point-of-sale system maker E la Carte Inc. launched the PrestoPrime EMV Terminal designed for pay-at-the-table use. In addition to chip-card acceptance, the device also works with contactless payments, such as Apple Pay, Samsung Pay, Android Pay, and Quick Response code-based services. • Visa Inc. said StubHub users soon will be able …
• 14 March

  With P2P Rivalry Heating up, Google Brings Gmail Payments to Its Android Platform

  

  Alphabet Inc.’s Google Inc. unit converted its Android-based Google Wallet into a peer-to-peer payment service two years ago, and on Tuesday Google extended that service to Gmail, its popular email application. With the new feature, Gmail users can send and request money on Android phones, much as they have been …
• 14 March

  In the Wake of Euronet’s Bid, Ant “Remains Highly Committed” to Its MoneyGram Buyout

  

  Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …
• 13 March

  Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines

  

  The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …
• 13 March

  Decoupled Debit Could Have Prospects for New Growth As Merchants Take Another Look

  

  Decoupled debit programs may yet yield rewards for merchants, especially as they look for ways to circumvent payment networks and spur loyalty among consumers. That’s the take from a new report, “Decoupled Debit: The Start of Mainstream Adoption?” issued by Mercator Advisory Group Inc. Decoupled debit is not a new …