As the popularity of buy now, pay later services accelerates, potential problems do, too. Evidence of that has emerged in new research that finds 14% of BNPL users missed a payment once, and 12% missed a payment more than once, according to a new report from Piplsay, a consumer-research firm. …
Read More »Google Drops Bank Account Ambitions and other Digital Transactions News briefs from 10/4/21
Google, a unit of Alphabet Inc., dropped its plans to offer banking services to consumers, The Wall Street Journal reported late Friday. Google announced in November it intended to debut Plex, a mobile-first bank account integrated into Google Pay.Payments provider Park Place Payments said it will pay $500 to clients that drop the service within the …
Read More »What Can Payments Execs Expect From Chopra’s CFPB? ‘Very Aggressive Regulating,’ Say Some
Payments observers are expecting a tougher regulatory approach from the Consumer Financial Protection Bureau with the confirmation on Thursday of Rohit Chopra as executive director of the 10-year old federal agency. “The agency will likely return to the days of director Cordray,” predicts one close observer who asked not to …
Read More »Payroc Adds Installment Payments Service and other Digital Transactions News briefs from 10/1/21
Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …
Read More »COMMENTARY: The Holidays Are Coming, But Transaction Fraud Doesn’t Take Holidays
Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …
Read More »As States Give the Nod to Sports Betting, Paysafe Adds Fubo Gaming to Its Roster of Clients
Paysafe Group Holdings Ltd. extended its foray into the booming sports-betting industry, announcing a partnership Thursday with Fubo Gaming, a Chicago-based subsidiary of live TV-streaming platform fuboTV Inc. Fubo Gaming’s mobile sportsbook and Fubo Sportsbook applications will plug into Paysafe’s platform for credit and debit card payments, the Skrill USA …
Read More »Fiserv’s Big Plans for New Jersey and Digital Transactions News briefs from 9/30/21
Processor Fiserv Inc. said it will open a new office building in New Jersey that will include 428,000 square feet of space and accommodate approximately 3,000 employees.In related news, Visa Inc. said it will open a new office in Atlanta next year. The company expects the new space to accommodate approximately 1,000 employees over …
Read More »PayPal Adds Staples to Its List of ‘Return Bars’ for Its Happy Returns Service
As part of its efforts to extend its contact with consumers and merchants beyond checkout, PayPal Holdings Inc. announced Wednesday that Staples Inc. has become the latest merchant partner to serve as a return center for its Happy Returns in-person return service. Staples will roll out the service at its more …
Read More »Discover’s Meal Plan Strategy and other Digital Transactions News briefs from 9/29/21
Discover Network said it will work with Phood Solutions Inc., a food-payment and delivery platform for college students, to provide a mobile app that allows students to load a meal plan along with plan dollars for use with DoorDash and other services. Payments will be backed by a Discover prepaid card …
Read More »Online Powerhouse GoDaddy Takes the Next Step with Card-Present Transactions
GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. Merchants will pay 2.3% per card-present transaction and 2.3% plus 10 …
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