Friday , March 29, 2024

Amazon One Expands and other Digital Transactions News briefs from 10/29/21

  • Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.
  • Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number of active merchants having grown more than 25% over the same year. The company did not release actual figures.
  • Shopify Inc., a payments and Internet services provider for merchants, reported $20.5 billion gross payments volume for the third quarter, up 46% from $14 billion a year earlier.
  • Payments provider Deluxe Corp. opened a new headquarters in downtown Minneapolis, with employees returning to the office in stages starting Nov. 15 after 18 months of remote work. Deluxe this spring acquired merchant processor First American Payment Systems L.P. for $960 million.
  • MoneyGram International Inc. reported digital transfers represented 34% of all money transfers in its quarter ended Sept. 30, with digital revenue reaching an all-time high for the company of $70 million, up 28% year-over-year. MoneyGram’s total revenue was $319.6 million, down 1%.
  • Payability, a payments provider and funding source for e-commerce sellers, said it is working with marketplace loan source Lendio for small-business loans its own platform can’t fund. Payability works with sellers on Amazon, Shopify, eBay, Newegg, and other platforms.
  • A health-care payments startup called PayGround Inc. said it has moved into new headquarters and is now processing for more than 180 facilities around the country.

Check Also

Discover CEO Leaving and other Digital Transactions News briefs from 3/28/24

Michael Rhodes has resigned as chief executive and president of Discover Financial Services Inc., effective April 1. …

Digital Transactions