It’s more than 100 days until Christmas, but forecasts for the 2021 holiday shopping season are already rolling in. Mastercard Inc., in its SpendingPulse report released Monday, forecasts that U.S. holiday retail spending from Nov. 1 to Dec. 24 will increase 7.4% over 2020 and 11.1% over the same period …
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Commerce specialists SpotOn Transact LLC said it will acquire Appetize Technologies Inc., a point-of-sale technology provider for the hospitality and entertainment industries. Terms were not disclosed. SpotOn also said it raised $300 million in Series E funding, which it will use to help pay for the Appetize acquisition.Integrated-payments provider EngageSmart LLC announced an initial public …
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The trend of professional sports stadiums toward adopting cashless technology to bring greater operating efficiencies to concession stands and other retail outlets within the venue has taken another leap forward with Square Inc.’s 10-year deal to provide payment and merchant services to Los Angeles’s SoFi Stadium and adjoining Hollywood Park development. …
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Travel search engine Kayak Corp. said it will expand its offering of buy now, pay later capability through provider Uplift Inc. to include bookings on the mobile Web and through the Kayak app.In related news, Wisetack, which specializes in buy now, pay later services for home and auto repair, said it raised $45 …
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A new card product that taps the user’s checking account for in-full purchases or installments is in beta testing with “several hundred people,” at buy now, pay later specialist Affirm Holdings Inc., the company’s chief executive, Max Levchin, told equity analysts late Thursday during a session to discuss the company’s …
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The two big card networks are making preparations for big moves into cryptocurrency payments. But crypto is no stranger to fraud, so Mastercard Inc. on Thursday announced it is acquiring CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and other crimes involving digital-currency transactions. The deal, …
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Card-issuing platform Marqeta Inc. said in the first year of a partnership with Zip Co., an Australia-based buy now, pay later provider that recently changed its U.S. branding to Zip from Quadpay, it experienced a 350% year-over-year increase in BNPL net revenue in the 2021 second quarter.Payments and buy now, pay later …
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Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …
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Looking to move further upmarket from the small sellers it started with, Square Inc. on Wednesday announced it is launching its Square Register point-of-sale system in Canada. Square is promoting the technology, which includes a screen facing the customer as well as one for the merchant, as suited to a …
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JPMorgan Chase & Co. has agreed to buy close to 75% of Volkswagen’s payments platform, operated by Volkswagen Payments S.A. Terms of the deal were not announced. The unit supports in-car payments and other services in 32 markets worldwide.Clickatell, an online chat provider, launched Chat 2 Pay, a service that enables …
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