Tuesday , July 23, 2024

Peter Lucas

Digital Payments Have Plenty of Room for U.S. Growth, a Marqeta Report Says

Demand for digital-payment and embedded-finance technology is growing in the United States, especially among Gen Z and Millennials, says a report from payments platform Marqeta Inc. The demand is being driven largely by the lower adoption of contactless payments and mobile-banking apps in the U.S. compared to the United Kingdom …

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Discover Posts a Strong Quarter As Executives Stay Mostly Mum About Performance

For the second consecutive quarterly earnings call, executives at Discover Financial Services had little to say about the company’s financial performance, plans going forward, or anything else. With a proposed $35.3-billion merger with Capital One Financial Corp. hanging over them, Discover executives again took no questions, and equity analysts were …

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Jifiti Leverages Digital Wallets to Bring Embedded Finance to the Point of Sale

Jifiti, a provider of embedded-financing solutions, is giving a new twist to the buy now, pay later trend with the introduction of Tap Now, Pay Later, a financing tool for large-ticket purchases. Examples include home-remodeling projects, in which funds are loaded into a consumer’s digital wallet via a virtual credit …

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Eye On BNPL: Sezzle Speaks Spanish; Affirm Partners With Newegg

Buy now, pay later provider Sezzle Inc. has added Spanish-language capability to its app. The addition is expected to broaden Sezzle’s appeal among Spanish-speaking consumers in the United States. There are more than 40 million Spanish-speaking consumers in the United States, according to Sezzle, while Spanish-speaking customers represent about 22% …

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J.D. Power Launches a Certification Program for Mobile App Platforms

J.D. Power announced early Monday the launch of a mobile-banking app certification program. The program is intended to recognize app providers that deliver an exceptional user experience, the company says. The J.D. Power Mobile App Platform Certification-Banking program rates mobile apps using a set of 146 best-practices benchmarks, including app …

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A Card Issuer Trade Group Turns Up the Heat in Its Anti-CCCA Campaign

The Electronic Payments Coalition’s attack this week against the Credit Card Competition Act calls out retailers Target Corp. and Walmart as greedy mega-corporate stores that stand to profit at the expense of consumers should the legislation pass. The aggressive tone of the EPC’s “high six-figure” campaign, unleashed this week, signals …

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FundKite Moves Beyond Business Financing With Its Launch of a Merchant Services Division

FundKite, a fintech that provides financing to small and medium-size businesses, has broadened its services with the launch of a payment-processing division. The move will enable FundKite to expand its services beyond offering capital to merchants by providing them with a one-stop processing and financing shop, the company says. In …

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Tiptop Adds a New Twist to BNPL By Applying Trade-In Value to New Purchases

Tiptop Labs Inc., a payments-service provider, has launched a buy now, pay later program that allows consumers to trade in items for a credit toward a new purchase with select e-commerce merchants. The idea of applying trade-in value for a new purchase grew out of a trade-in-only app Tiptop launched …

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Amazon Gives Visa’s BNPL Offering A Huge Boost In Canada

Visa Installments, Visa Inc.’s buy now, pay later platform, received a huge lift Thursday with the announcement that Amazon.com will offer the payment option to Canadian consumers. The payment option, which is being marketed in Canada as “Installments enabled by Visa,” has until now been available only through 100 Canadian …

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Merchants Look Forward to Their Day in Court After Judge Brodie Rejects the Interchange Settlement

Merchants are looking forward to making their case now that a judge has rejected a proposed settlement of their two-decades-long litigation with Visa Inc. and Mastercard Inc. over transaction costs. Late Tuesday morning, Margo K. Brodie, U.S. District Court Judge for the Eastern District of New York, issued a written …

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