Thursday , March 28, 2024

Search Results for: "visa direct"

ParTech Acquires Menu Technologies And Other Digital Transactions News briefs from 8/9/22

Restaurant-technology provider ParTech Inc. announced it has acquired Menu Technologies AG, an omnichannel ordering platform serving international restaurant brands. Terms were not disclosed.The Western Union Co. expanded its integration of Visa Direct, Visa’s real-time payment service, to its U.S. network, enabling consumers to send or receive funds directly to their eligible Visa debit …

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Omnichannel Revenue up 142% in May and other Digital Transactions News briefs from 6/15/22

Data from Signifyd’s Ecommerce Pulse report found that retailers experienced a 142% increase in omnichannel sales in May from May 2021.Grubhub, the food ordering and delivery app, said it has added PayPal Holdings Inc.’s Hyperwallet and Visa Direct, Visa Inc.’s real-time payment service, to allow drivers to receive immediate payouts.Software provider Marketing 360 launched …

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Five-Year-Old Paysend Looks to a Big Year After Its Expansion to 7 Million Users

Digital alternatives to the long-time money-transfer services from The Western Union Co. and MoneyGram International Inc. are developing fast, a fact underscored by an announcement Tuesday by Paysend Group that its user count in the U.S. market now stands at more than half a million, up by two-thirds over the …

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Mr. Chopra’s Alternative Universe

The CFPB director should stop imposing politics on payments and stick to his remit. Rohit Chopra, director of the Consumer Financial Protection Bureau, in March shared his conjured alternative-payments universe with politically simpatico CNBC. Relishing his celebrity, Chopra held forth on inflation, payment-system competition and fees, and cryptocurrency risk. The …

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Aeropay’s ACH Integration with Flowhub and other Digital Transactions News briefs from 4/28/22

Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …

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As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter

A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …

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Eye On Earned Wage Access: CloudPay Partners With Visa; indi Rolls out Early Pay

CloudPay, a provider of employee payment solutions, is partnering with Visa Inc. to enable payroll to be deposited directly to employee debit or credit cards through Visa Direct, Visa Inc.’s real-time payment network The new service is expected to provide employees immediate access to their funds compared to the two …

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Circle’s Valuation Doubles and other Digital Transactions News briefs from 2/17/22

Digital-currency payments specialist Circle Internet Financial LLC announced it has agreed to new terms with Concord Acquisition Corp., terminating an agreement it had reached with that company in July. The new agreement values Circle at $9 billion, twice the valuation set by the original SPAC combination. The holding company established by the original agreement …

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MoneyGram Will Go Private in $1.8 Billion Deal With Private-Equity Player Madison Dearborn

Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt.  Expected to close in the fourth quarter, the deal will see …

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The Crucial Race for Account-to-Account Payments

The market for direct transfers between bank accounts is attracting fintechs—as well as the two global card networks—as real-time payments loom. While account-to-account transactions—think the automated clearing house—have been around for years, the shift to real-time payments is giving them a new boost. Little happens overnight in the payments industry. …

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