PayPal Holdings Inc. is embarking on another stage in its evolution with its application for a Utah-chartered industrial loan company to be called PayPal Bank. PayPal announced the move late Monday saying it submitted applications to the Federal Deposit Insurance Corp. and the Utah Deptarment of Financial Institutions. A successful …
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Differentiation is a key tactic in the payments world, and Aurora Payments and Clara Capital are the latest in merchant processing to stand out with new services. First, Tempe, Ariz.-based Aurora Payments is working with Germany-based 2S LimouSolution to integrate the Aurora Arise payment platform in 2S’s software. Launched in …
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Yet more evidence of U.S. consumer reliance on mobile phones emerges as 45% of consumers prefer to pay their bills with a mobile device, up from 29% only last year. That finding from the InvoiceCloud 2026 Annual State of Online Payments Report also signals other big shifts in payment preferences. …
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With one agentic-commerce forecast calling for a total addressable market of $136 billion in 2025, it’s little wonder so many payments companies and merchants are tackling the emerging e-commerce option. One of the latest is Logicbroker Inc., a multivendor commerce platform that is partnering with PayPal Holdings Inc. to broaden …
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Banner years are generally welcome, except when it comes to ransomware. New data from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, known as FinCEN, finds that ransomware payments jumped 77%, or $1.1 billion, in 2023 year-over-year from 2022. The FinCEN Financial Trend Analysis report also found that …
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The potentially lucrative bill-payment market has a new entrant to help banks and fintechs capture some of these transactions. Dubbed PayNow, the new service from Atomic FI Inc. can help banks and fintechs drive engagement and loyalty with their customers, it says. Launching initially with a mobile and Internet provider, …
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Sports-and-entertainment consultancy Liberty Sports Group says it will work with Shift4 Payments Inc., enabling the point-of-sale and payments specialist to be its exclusive technology partner. In related news, SpotOn Transact LLC says Adalina Prime, a new steakhouse from the well-known Adalina restaurant in Chicago, will use its POS technology. New …
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Merchants processing with Kurv, which was known as Electronic Merchant Systems until November, have a new option and a new app. In related news, the airline Lufthansa Group is adding Klarna AB’s buy now, pay later options via a Klarna and Adyen NV integration. Cleveland-based Kurv debuted a merchant app …
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Having just Tuesday activated PayPal acceptance within the Perplexity.AI artificial-intelligence engine, electronics retailer Newegg is one of the first sellers to integrate PayPal Holdings Inc.’s agentic-commerce services. This means consumers can discover and purchase Newegg products directly inside Perplexity and potentially other AI-shopping environments. A form of e-commerce, agentic commerce …
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The combined effect of five payments trends is chipping away at cash reliance, finds a new report from Deloitte. Increasing adoption of stablecoin payments, especially for cross-border payments, increased speed of transactions, using data standards to one’s advantage, agentic artificial-intelligence commerce, and employing AI to counter fraud are all shaping …
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