Tuesday , February 27, 2024

News

February, 2024

  • 26 February

    You Can Attribute Google Pay’s Demise to Weak Market Share And Google Wallet’s Popularity, Experts Say

    Alphabet Inc.’s decision to discontinue Google Pay in the U.S. market, including its peer-to-peer payments capability, effective in June is not entirely an unexpected move, experts say, as the app has a more popular sibling in Google Wallet. And, they note, it lacks the market share of competing digital wallets. …

  • 26 February

    Post Worldpay, FIS Looks to Share Buybacks And Growth in Digital Payments

    Having completed on Feb. 1 a 55% spin-off of its massive Worldpay processing operation, FIS Inc. is now looking to concentrate on priorities including digital banking, real-time payments, and share buybacks, the company’s top executives said early Monday. Nor is the big Jacksonville, Fla.-based processor ignoring its potential gains from …

  • 26 February

    Visa and GSMA In Education Tie-up And Other Digital Transactions News briefs from 2/26/2024

    Visa Inc. and the GSMA Mobile for Development Foundation launched Digital Finance for All, a five-year program aimed at increasing access to digital finance for some 20 million persons in Africa, Asia, and Latin America. RevSpring Inc. launched a new scoring model for its Engage IQ service that evaluates the quality of …

  • 23 February

    Consumers Are Paying Off Sooner on Holiday Purchases Financed With BNPL Loans, Klarna Finds

    Shoppers financing purchases during 2023’s Black Friday weekend are paying off their loans sooner than they were a year ago. Some 30% of BNPL purchases made during that period in the United States were paid off early, compared to 24% a year earlier, according to BNPL provider Klarna AB. Overall, …

  • 23 February

    Block’s Dorsey: Cash App Is Your New Bank, And Square May Enlist ISOs

    Block Inc. posted double-digit increases in net income for its December quarter and for 2023, but its co-founder and chief executive let it be known late Thursday the company has work to do. “Across the board, we’ve been going through an exercise in how we work so we can move …

  • 23 February

    Google Pay’s U.S. Sunset And Other Digital Transactions News briefs from 2/23/24

    Alphabet Inc. will discontinue Google Pay, including its peer-to-peer payments capability, in the U.S. market on June 4, though it will maintain a Google Pay website.  In the place of Google Pay, which launched amid much fanfare in 2011, Alphabet is promoting Google Wallet, which appeared in 2022 with wider functionality than payments, …

  • 22 February

    Evolving your Partner Model to Adapt to a Changing Payments Landscape

    By Steven Velasquez Head and Senior Vice President of Partner Business Development – U.S. Bank | Elavon In recent years, there’s been a notable transformation in the key players shaping the payments ecosystem. Established models of acquiring banks are facing competition from emerging fintech and software companies eager to capture …

  • 22 February

    Will Cap One’s Deal for Discover Create ‘True’ Network Competition? Depends on Whom You Ask

    Capital One Corp.’s proposed acquisition of Discover Financial Services may give Cap One an alternative network over which to route credit card transactions, but the deal will not create the “badly needed” network competition that passage of the Credit Card Competition Act would, the Merchants Payments Coalition argues. Without passage …

  • 22 February

    Eye on POS: Xenial Is CosMc’s POS System; Olo 2023 Revenue Rises 24%

    A new fast-food and beverage concept called CosMc’s is using the Xenial cloud-based point-of-sale system from Global Payments Inc. CosMc’s is a beverage-first restaurant developed by McDonald’s Corp. with one location so far. Xenial, a Global Payments company, supplies it enterprise-level POS system to CosMc’s. Xenial was originally part of …

  • 22 February

    Zilch Tries 3-Month BNPL And Other Digital Transactions News briefs from 11/30/23

    London-based buy now, pay later platform Zilch said it will launch in April an option allowing users to spread interest-free payments over three months. A trial of the service is in progress with 100,000 Zilch users. The company, whose main offering requires repayment over six weeks, claims 3.6 million users overall. Yardi, …

Digital Transactions