Sunday , December 15, 2019


Eye on IPOs: Investors Embrace; Is Klarna Next?

Photo by Rick Tap on Unsplash

The term “exceeding expectations” has long been a cliché in corporate America, but it certainly applies to this week’s initial public offering of stock from invoice-management and business-to-business payments provider Holdings Inc. Now Sweden-based installment-payments provider Klarna AB, reported to be the most valuable financial-technology provider in Europe and …

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Virtual Fare Card Test Coming to Washington, D.C. and other Digital Transactions News briefs from 12/13/19

The Washington Metropolitan Area Transit Authority, which serves the area in and around the nation’s capital, plans next year to start allowing users of Apple Inc. devices to pay at fare gates with their iPhones and Watches using a virtual version of the agency’s SmarTrip card, according to The Washington Post. Android …

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Bill Ready Going to Google and other Digital Transactions News briefs from 12/12/19

Departing PayPal Holdings Inc. chief operating officer Bill Ready in January will assume the role of head of commerce at Alphabet Inc.’s Google unit, TechCrunch reported. PayPal announced in June that he would leave the company at year’s end. Ready came to PayPal in 2013 as a result of the company’s $800-million …

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New York Straphangers Give Contactless Payments a Boost

The New York City area’s Metropolitan Transportation Authority on Wednesday activated 96 contactless card readers in Manhattan’s Penn Station, one of the nation’s busiest transit hubs, in its quest to accept contactless payment cards and mobile-payment apps across its vast subway and bus system by the end of next year. …

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BofA Adding Merchant-Related Information for Cardholders to Its Erica Digital Assistant

Bank of America Corp. next year will enhance Erica, its popular digital financial assistant powered by artificial intelligence, with two new features—one to make its credit and debit card holders aware of which merchants might be storing their card numbers, and another that will issue alerts about possible duplicate charges. …

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Libra Put Stablecoins in the Spotlight. Now BitPay Announces Support for Three of Them

Facebook Inc.’s Libra cryptocurrency may be struggling with regulators globally, but that doesn’t mean blockchain processors aren’t moving forward with other stablecoins. Atlanta-based BitPay Inc. on Tuesday introduced payment acceptance and settlement services in a trio of stablecoins whose value is tied to the U.S. dollar: Circle Internet Financial Ltd.’s …

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Payoneer’s Merchant-Services Buy and other Digital Transactions News briefs from 12/10/19

Payoneer Inc., a provider of cross-border payments for small businesses, announced it is moving into merchant services with its acquisition of optile GmbH, a Munich-based company whose technology eases payment acceptance. Terms were not announced.The Western Union Co. has added a feature to its mobile app that allows users to donate …

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Subscription-Payment Specialist GoCardless Boosts U.S. Business With Routing-Number Access

GoCardless Ltd., a London-based company specializing in handling international recurring payments, such as subscriptions, is eyeing a bigger presence in the U.S. market and has struck a deal that it expects will help process debits through the automated clearing house. The arrangement, announced Monday, will let GoCardless access ABA routing …

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Canadians Embrace Contactless Payments, but They’re Still Wary of Using Mobile Devices

Like their American cousins, Canadians are rapidly adopting newer payment methods. In fact, they’re doing so even faster than U.S. consumers in some respects. The report, “Canadian Payment Methods and Trends: 2019,” released last week by Payments Canada, says contactless payments grew 30% year-over-year in 2018. Card- and mobile-based contactless …

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Super Processor Picks TAS USA and other Digital Transactions News briefs from 12/9/19

Payments provider Super Processor selected a payments platform from TAS USA Inc. to manage merchant onboarding, merchant accounts, and transaction processing for both in-store and e-commerce transactions.Hudson Executive Capital LP, an investment firm that has been embroiled in a fight for control of vending-machine payments technology provider USA Technologies Inc., filed a proxy …

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