Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …
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Bakkt Users Gain Access to Google Pay Crypto Purchases at Merchants Online And in Stores
Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …
Read More »Stripe Adds a Revenue Recognition Tool for Merchants That Book Sales Over Time
Online payments powerhouse Stripe Inc. Tuesday introduced Stripe Revenue Recognition, an application intended to automate the mapping of money to a balance sheet. The development of Revenue Recognition was spurred by the accounting needs of merchants and businesses that are paid upfront for goods and services to be delivered in …
Read More »Digitizing Cash Payments for Billers; Circle Boosts Crypto for Aid Relief; LaCore To Offer Sezzle to Merchants
LaCore To Offer Sezzle to Merchants and other Digital Transactions News briefs from 8/26/21
Merchant services provider LaCore Payment Technologies said it is now offering Sezzle Inc.’s buy now, pay later service to its merchants. Sezzle is integrated into LaCore’s gateway.Google Pay’s expected revamp may be delayed because of staffing issues, reported tech site ArsTechnica.com. Several Google Pay employees have left amid uncertainty about the transition to the …
Read More »Merchants Redouble Push on Debit Routing; BlackBerry Stokes In-Car Payment Tech; Revel Bags Dave’s Hot Chicken
Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing And Pricing Rules
With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. “[M]ajor banks and networks continue to interfere with competition for debit business,” …
Read More »Mastercard Volumes Accelerating; PayPal Touts ‘Aggressive’ Play for Merchants; Zelle Volume up 68%
How the Pandemic Has Forced Changes in the Way Acquirers Approach—And Sell to—Merchants
Ever since the Covid pandemic set in more than a year ago, the payments industry has been abuzz with talk about its various impacts on merchant acceptance. What hasn’t received as much attention is how the pandemic has affected merchant acquiring. It turns out processors and independent sales organizations have …
Read More »Shopify Expands Shop Pay to Non-Shopify Merchants Selling on Facebook, Instagram, And Google
Shopify Inc. is making Shop Pay, its one-click checkout engine, available to all merchants selling on Facebook, Instagram, and Google, including those that don’t use the Shopify e-commerce platform to manage their online stores. It is the first time a Shopify product has been made available to non-Shopify merchants, the …
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