The transaction-cost savings and tender steering provided for in the big interchange settlement reached earlier this week will be worth hundreds of millions of dollars annually for major merchants and the big mobile-wallet providers, according to estimates provided to Digital Transactions News by San Carlos, Calif.-based payments researcher Crone Consulting. …
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Banks Trusted in Chargebacks; Amazon Adds BNPL in Mexico; Huntington’s Secure Card
Amazon Adds BNPL in Mexico And Recruits SellersFi for Amazon Seller Financing
Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …
Read More »Amazon Drops Venmo After a Year; Citcon Strikes Alipay+ Deal; SoundHound’s $25 Million Acquisition
Amazon Drops Venmo Only a Year After Adding It As a Payment Method
Amazon.com will stop accepting Venmo for payments effective Jan. 10, according to news reports and a page on Venmo’s Web site. “Due to recent changes, Venmo can no longer be added as a payment method. Venmo will remain available to users who currently have it enabled in their Amazon wallet …
Read More »Amazon Turns to Affirm for BNPL And Other Digital Transactions News briefs from 11/3/23
Amazon.com Inc. agreed to introduce buy now, pay later services through Affirm Inc. at checkout at the online Amazon Business store. Block Inc. said late Thursday the impact of a 15-hour outage on its Square platform in September was less than 1% of September-quarter profit. Block’s shares ended the day Thursday up 7.4%, …
Read More »Shift4 Adopts Amazon’s Just Walk Out Tech; Eye on POS; Visa Alters Chargeback Rules
Shift4 Looks to Bring Amazon’s Just Walk Out Checkout to Stadiums And Other Venues
Shift4 Payments Inc. announced Thursday it is integrating Amazon.com Inc.’s Just Walk Out technology into its VenueNext application for sports stadiums and other arenas. The big payments processor says it will introduce the checkout system at the United Center in Chicago, a venue where Shift4 already provides processing for purchases …
Read More »Progress For an Interchange Case; Amazon Beefs up Buy With Prime; An ARC Pay API for Air Travel
How Amazon Looks to Boost Order Size And Conversions Using Buy With Prime Cart
Amazon.com late Thursday unveiled Buy with Prime cart, a new feature of the e-commerce giant’s Buy With Prime benefit intended to increase order sizes. Buy With Prime users can now place multiple items in their shopping cart, whereas they were previously limited to a single item per order, Amazon says. …
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