Digital Transactions Authoritative, insightful and timely information for payments professionals
- EBay Inc. plans to expand its managed-payments program dramatically starting in the second half of next year, officials said Tuesday. Introduced last year, the program depends on a gateway from Adyen NV and now operates in the United States and Germany. “We will go hard at not only the markets that we’re in … but we will expand into the markets in other quarters,” said interim chief financial officer Andy Cring, according to an earnings-call transcript. The managed-payments initiative is limited by an operating agreement with PayPal Holdings Inc., eBay’s former payments provider, until mid-year. So far, eBay has processed more than $2 billion for almost 25,000 sellers, officials said.
- The Zelle peer-to-peer payments network processed 230 million transactions for $56 billion in the fourth quarter, up 14% and 17%, respectively, from the third quarter, according to bank-owned Early Warning Services LLC, Zelle’s operator. In all for 2019, Zelle processed $187 billion on 743 million payments, up 57% and 72%, respectively, from 2018. Some 766 financial institutions have agreed to link to Zelle. Of these, 378 institutions, representing almost 70% of all U.S. checking accounts, are now live.
- Convenience-store operator Wawa Inc. said it has become aware of efforts to sell customer payment card data that may have been involved in a data breach Wawa announced in December. At an estimated 30 million-plus cards exposed, the breach is now estimated to be one of the biggest ever.
- Subway IP LLC, operator of the Subway sandwich chain, has selected Adyen NV as its payments provider in North America.
- Intellitix Technologies Inc., a payments provider for events managers, said it has acquired a majority stake in event-management platform CrowdBlink. Terms were not announced.
- MoneyGram International Inc. said it has become the first payments firm to enable direct deposits to receivers’ bank accounts in Ukraine through a partnership with Industrialbank.
- Payments provider Square Inc. has leased an office in downtown Portland, Ore., that can accommodate more than 200 employees.
- Mercator Advisory Group released its “2019 U.S. QSR Kiosk Market: Self-Service Kiosks Gaining Popularity” report.
Related Articles
Check Also
In an Abbreviated Call, Discover Sticks to the Numbers And Stays Mum About Cap One
Executives at Discover Financial Services Inc. early Thursday cut short their first-quarter 2024 earnings call, …